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Weekly Plan 4-10 ES Futures04/10 Weekly Plan. ES Futures June Weekly Pivot is 4,115 Targets 1. 4,152 2. 4,188 3. 4,220 Targets 1. 4,090 2. 4,061 3. 4,032 Now trading at 4,109 Alerts You will receive alerts in this channel every time ES hits (2M candle close): 1. Weekly opening 4,129 2. Weekly pivot at 4,115 3. Each weekly target. Side notes: 1. Balance in daily timeframe. H4163.25, HB4131, L4096.50 2. OTFU in weekly timeframe, ends at 4096.5 3. Balance in monthly timeframe. H4208, L3814, HB4020. 4. When trading off weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan. Have a great week and trade safe. @everyone
CME_MINI:ES1!
by dhjesus
4/3/2023 Weekly Plan For ES Futures04/03 Weekly Plan. ES Futures June Weekly Pivot is 4,115 Targets 1. 4,152 2. 4,188 3. 4,220 Targets 1. 4,090 2. 4,061 3. 4,032 Now trading at 4,125 Alerts You will receive alerts in this channel every time ES hits (2M candle close): 1. Weekly opening 4,127 2. Weekly pivot at 4,115 3. Each weekly target. Side notes: 1. OTFU in daily timeframe, ends at 4,088.50 2. OTFU in weekly timeframe, ends at 3,980.75 3. Balance in monthly timeframe. H4208, L3814, HB4020. 4. When trading off weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan. Have a great week and trade safe.
CME_MINI:ES1!
by dhjesus
Weekly Plan Update 3/30 Plan Update =============================== 03/27 Weekly Plan. ES Futures March Weekly Pivot is 3,990 Targets 1. 4,038 2. 4,080 3. 4,130 Targets 1. 3,950 2. 3,890 3. 3,835 Now trading at 4,026 Alerts You will receive alerts in this channel every time ES hits (2M candle close): 1. Weekly opening 4,008 2. Weekly pivot at 3,990 3. Each weekly target. **Side notes: *** 1. OTFD in daily timeframe, ends at 4,004 2. Balance in weekly timeframe; H4082.5, L3840.75, HB3962 3. Balance in monthly timeframe. H4208, L3814, HB4020. 4. When trading off weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan. Have a great week and trade safe. @everyone
CME_MINI:ES1!
by dhjesus
Weekly Plan Es Futures 3/27/202303/27 Weekly Plan. ES Futures March Weekly Pivot is 3,990 Targets 1. 4,038 2. 4,080 3. 4,130 Targets 1. 3,950 2. 3,890 3. 3,835 Now trading at 4,026 Alerts You will receive alerts in this channel every time ES hits (2M candle close): 1. Weekly opening 4,008 2. Weekly pivot at 3,990 3. Each weekly target. **Side notes: *** 1. OTFD in daily timeframe, ends at 4,004 2. Balance in weekly timeframe; H4082.5, L3840.75, HB3962 3. Balance in monthly timeframe. H4208, L3814, HB4020. 4. When trading off weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan. Have a great week and trade safe. @everyone
CME_MINI:ES1!
by dhjesus
ES_F 1.28 Range overview and possible destinations to look for Globex inventory is short today and we are waiting to see what will RTH bring us. We have 4 days of trading and inventory trapped between 4270-4380 with no upside. Every position that was built down at the lows has been taken up, sold and then price drops because there is more supply coming down, trading is all about the supply because demand is created. If there is supply after all the buy orders are filled the price goes down and right now we have a lot of supply still. Its month end so games will be played but levels we are watching today are 4272-4265 as Key Support if we break and hold under can see 4252.50-4247.50, 4234.75-4229.25, 4220-4215.75 and if we get further extension and sell off can see 4190 - 4170 - 4140, On the upside we have 4327.25-4321.50 as our Key resistance if we break and hold over can see 4349.50-4345.25, 4362.75-4359.50 and 4378.50-4374.75 But keep in mind that we have supply and can just play level to level but better entry locations are at Key levels.
CME_MINI:ES1!
by HollowMn
S&P Futures Rallying with Resistance OverheadThe S&P put in a Gravestone Doji for the month of November, similar to January of 2020. The month of November closed with heavy selling during and after Black Friday. In my opinion, the recent S&P rally is very unhealthy and reminiscent of the January/February 2020 price action. In January 2020 we had a similar Gravestone Doji with markets rallying to new ATH's in early February then finishing much lower for the month. The heaviest selling was yet to come in February and March. Obviously, we have different circumstances today however we do still have tail risk. The November 2021 selling was due to something very common in trading. Where price drifts below a long term ascending wedge, with a brief selloff, then runs up alongside it. On November 5th price touched the March 2020 ascending wedge resistance only to roll over and selloff after Thanksgiving. ES_F is doing just that, running back up to the same trend line resistance we sold off from in November. Apple has been carrying the S&P and I believe much of the December rally is due to a short squeeze and that when we meet that resistance level overhead, it could erase the gains we have seen this month and December could actually close bearish, leading to heavier selling in January. The VIX likes to close all gaps and the recent VIX gap down was left open up to 27. I think this is a short term squeeze that has the appearance of a Santa rally with a lot left to be proven. HYG has been constructive so far this week but I am not sold that this is the beginning of a new risk on cycle and believe we have a lot left to prove to close out the month. Time will tell.
CME_MINI:ES1!
by CoteInvestments
E-mini futures - waiting for an impulse waveThe E-mini S&P 500 futures firstly has created a potential falling wedge pattern and secondly an Elliott wave impulse structure. We have mentioned these patterns in our previous analysis. Currently, after the wedge breakout end creation of the strongest wave in a whole impulse - wave 3 - we may observe a potential correction labeled as wave 4. Thanks to the recent pullback the market has tested an important 38,2 Fibo retracement of wave 3. If this support area is defended and resistance at 3317 is broken, we could expect another rally labeled as wave 5. In another way the next potential support is located at 3221 pts. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CME_MINI:ES1!
by Daniel_Kostecki
E-mini S&P 500 - wedge breakoutThe upper limit within a wedge pattern has been broken on the E-mini S&P 500 futures chart. It seems that the breakout took place with a significant strength of the bulls. This type of fast upward movement may be labeled as a potential wave 3 and is known from the Elliott wave theory. Key support seems to be placed at 3221 pts. and possible next resistance could be located at 3414 pts. If the whole five wave structure is about to continue, we could assume that wave four and wave five is about to create in the near future. _____________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CME_MINI:ES1!
by Daniel_Kostecki
S&P 500 - rising wedge patternThe S&P 500 futures contracts are trying to break the lower limit in the rising wedge pattern. The market has been creating it since the end of June with lower and lower trading volume. What is more, the market has stopped the recent rally at its previous record high from February. Talking about the double top pattern could be too soon, but definitely we can talk about strong resistance and barrier for the bulls. If the lower limit within a wedge is broken we may expect a decline to the nearest potential support levels. They are set by the previous low at 3204 and 2969 pts. It could be a 5 to 10% decline. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CME_MINI:ES1!
by Daniel_Kostecki