ES Futures Weekly Plan 11-611/6 Weekly Plan. ES Futures December ESZ2023.
Weekly Pivot is 4,358
Targets
4,423 9/20 gap bottom + 5 weeks balance high zone.
4,476 untested downside spike zone from 9/20, 9/21 was a gap down session
4521 weekly vPOC from 9/11
Targets
4,318 11/2 daily npoc
4,272 5 weeks balance zone HB 4,231 11/1 daily npoc
Now trading at 4,377 ESZ
Alerts :
You will receive alerts in this channel every time ES hits (2M candle close):
Weekly opening 4,379.25
Weekly pivot at 4,358
Each weekly target.
Side notes:
Weekly Profile Info including ETH trading: VAH 4316, vPOC 4186, 4152 VAL.
Current 5 Wk balance zone is: H4423.25 / HB4271.75 /L4121
When trading using weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan.
Esfutures
ES 4H Analysis ES experienced a remarkable surge in the past week. However, we've returned to the crucial breakout and retest range of 4400-4430. For the rally to persist, it would be ideal for ES to have a moderate retracement and maintain demand in the vicinity of 4325-4340. While the price might continue its upward trajectory without a pullback, a measured retracement would be a positive sign. It's essential to remember that we remain in a declining channel and are approaching a vital zone characterized by the breakout, retest, and trendline resistance. Anticipate inconsistent and sluggish price movements (cooling period) before either a continuation or a reversal.
Key levels to monitor:
Resistance: 4400-4430
Support: 4325-4340
SPX Trade Plan in September and OctoberIn my previous post, I predicted that a major bottom would occur soon within the 4200-4300 range. August's low came in at 4335, and we experienced a decent rally in the latter half of August. Now, I know everyone's burning question is this: Has the low been reached? Are we heading for a lower low in the next couple of weeks, or are we headed for a new high? In my opinion, we still have another pullback , similar to what we saw in August, before we make our way to a new high. So, be on the lookout for the pullback I believe will occur sometime between September and early October (the window of weakness), which will provide a long-term buying opportunity.
As for the short term, I anticipate that the first two weeks of September might be choppy but without any significant sell-off. I will take a level-to-level approach for the short term and will exercise caution when the price reaches the range of 4550-4640 for any potential swing long positions. For my short-term plays, I will provide updates in this post.
One Trade a Day SYSTEMWell today was 2 trades... same setup:
From the today PLAN :
I think 4287 may play an important role tomorrow. At time of this post we last traded 4290.
Go long if above 4287 at 10 am or
GO short if below 4287
This worked out for +30 move down
Thank you for watching. If want to know more link is below.
ES Bull Flagging into 4400ES Hourly Analysis - Bull Flagging into 4400
Price action was quite choppy today and was hard to read. When that happens, it's best to just step away and let price paint a picture for you over a period of time until the direction is clear. That is exactly what ES has started to do. On the 2-5 minute chart this looks like a mess, on the hourly, it's painted a beautiful picture. It is showing us that ES can not close 4400 and that any time it dips below, buyers keep stepping in.
4400 has become the battle field. We are basing/consolidating for a big move, which is expected due to this being a volatile week. While we are in a volatile week once earnings start to report, and with current world news, don't swing for the fences when entering trades. Keep it logical.
Supports: 4400, 4390, 4375.
Resistance: 4410, 4415, 4425.
Weekly Plan ES_F 10/16 - 10/2010/16 Weekly Plan. ES Futures December ESZ2023.
Weekly Pivot is 4,350
Targets
4,419 9/20 gap bottom + 2Wk balance high zone.
4,494 prior 2 months balance HB
4527 weekly vPOC from 9/11
Targets
4,314 prior 10D balance zone half back
4,256 unfilled opening range dominator from 6/2 + 2Wk balance zone low 4,229 untested spike from 5/24 + 50% ext of prior 10D balance zone
Now trading at 4,367 ESZ
Alerts:
You will receive alerts in this channel every time ES hits (2M candle close):
Weekly opening 4,356.75
Weekly pivot at 4,450
Each weekly target.
Side notes:
1. Weekly Profile Info including ETH trading: VAH 4413, vPOC 4400, 4365 VAL.
2. Prior 2 months balance zone is H4633 / HB4494 / L4350.
Current 2Wk balance zone is: H4419 / HB4335 /L4251
When trading using weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan.
ES Hourly AnalysisES Hourly - Simple Analysis.
To keep it as simple as possible:
4365 is a key level as clearly depicted. While we are below it, there is bearish sentiment. Above it, bullish.
~4345 is a one hour demand zone because this is where price was able to fill the gap, while also having a strong push above a previous high and breaking above prior resistance. Price has tapped into that demand and has currently shown strength, but we need to see it get back above 4365.
ES - Bullish Analysis Quick ES Daily Analysis - Bullish/Neutral - Building 4 Hour Bull Flag into a Break and Retest
Thursday & Friday we saw a nice rejection off of 4430's backtest. Now we are at a recent break and retest level of 4340-4350 that was resistance for about 3 days from 28 Sep - 02 Oct. I'd say if we want to see more upside, this is where bulls need to hold in order to break above 4430's resistance. We are also sort of building a 4 hour bull flag into this level. We could very well dip back down into the weekly demand of 4265, but on Monday, depending on how ES's overnight acts, I'll be looking for longs in this area.
If we break below this retest zone, ES could put 4300 back in play for the shorts (from a daily analysis standpoint).
ES Weekly PlanTwo important levels for ES this week. 4300 and 4350. On the hourly chart the downtrend is still at play, but we have put in two higher highs, and three higher lows, which could be indicating a trend reversal to the upside. But taking any long position into 4350 is extremely risky, until we can clear it.
Also pictured is ES's 10k tick chart, which typically is a better trend indicator. We broke the downtrend (teal line) and have successfully back tested the downtrend ~3 times while also creating a new uptrend.
It shouldn't be surprising to see chop and tight price action after so many trending days, but these are the levels I'll be watching for ES. I'll take long near 4300 and shorts near 4350 until price says otherwise. Listed are my long targets, and any shorts from supply will only be a few point scalps since it seems we are forming a reversal. Any short positions below 4300 could be sketch since daily demand is 4310-4270 (we could find support anywhere in that range).
ES Hourly - Back to Uptrend?Hourly analysis - Start of trend continuation?
For the first time since 15 Sept - ES has broken above an hourly supply level and swing high while also defending 4335's breakout level. This could very well be a trap or the start of a relief rally/continuation of the 11-month uptrend.
Levels to watch:
4420: This was ES's support 4-5 times before breaking down to these lows. We could backtest this level as a break and retest.
4375-4365: This is ES's new 1-hour demand zone where price broke through overnight highs and the previous one-hour supply. This is a good area to try longs, and to want ES to stay above. If we break back below, 4335 - 4310 at play.
ES Daily AnalysisES is at the very bottom of it's daily demand zone which was tested 18 August for a 195 point move before continuing lower. while we are also near it's breakout level of 4335. If we break below the daily demand and can not reclaim, I do see us making a move to the levels below.
If we see demand step back in here for a relief bounce, I could see a target of 4420 being realistic as it was previous support before making the move lower to test the breakout level or breakout demand zone.
Thoughts?
ES larger timeframe break and retestES is only 30 points away from it's breakout point in June around the 4337 level. For nine months, ES failed to break this level, and when it finally did it never retested it. Now, we are close. Will this be a buying opportunity or will ES flush straight through?
I personally will be looking to long this area.
Weekly Plan ES_F [September 9-18]09/17 Weekly Plan. ES Futures December ESZ2023.
Weekly Pivot is 4,508
Targets
4,543
4,562
4,592
Targets
4,478
4,457
4,401
Now trading at 4,499 ESZ
Alerts
You will receive alerts in this channel every time ES hits (2M candle close):
Weekly opening 4,499
Weekly pivot at 4,508
Each weekly target.
Side notes:
5 Days Balance in daily + weekly is OTFU which ends at 4494 [prior weekly BZ is 4 weeks H4547.50, L4350 + monthly 2 months
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
Weekly Plan ES Futures - Week Of September 11th09/11 Weekly Plan. ES Futures December ESZ2023.
Weekly Pivot is 4,508
Targets
4,547
4,570
4,592
Targets
4,478
4,457
4,401
Now trading at 4,511 ESZ
Alerts
You will receive alerts in this channel every time ES hits (2M candle close):
Weekly opening 4,511
Weekly pivot at 4,508
Each weekly target.
Side notes:
3 Days Balance in daily + weekly [4 weeks H4547.50, L4350 + monthly 2 months
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.
Sp500 (ES futures) Analysis Hello Traders,
Sp500 reached a major support level.
The previous day candle which was last Friday printed a Doji candle that indicates an indecision in the markets.
We anticipate SP500 to go bullish from this major support level from the week...
if there is a chance that SP500 goes to a higher price then rejects in the week, then we will follow it to see if it clears last week lows
in all, We are sticking to our first analysis that SP500 will go higher from the major support level.
2hr view of SPX, keeping track of the chartThe goal of this chart is to look at where we are in the cycle on on the mid-term chart. Keep in mind these are just lines and NONE of these "lines" are intended to predict price exact action. They simply provide context to where the chart is in space.
SPX is currently in a down trend and saw a decent sell off as 10year rates continued rising after FOMC meeting minutes today.
Banks were hit with the Fitch Downgrade, Oil was hit with China news, Tech has been hit with earnings after a massive run up for the first half of the year.
With August Op-Ex on Friday and JPow at Jackson Hole next week I would expect we either continue selling off down to the 4400 area (an ideal area to swing long) or bounce and chop into Friday.
Apple's price action should provide a strong clue towards market direction.
Going into the second half of the year I would not be surprised to see small caps and mid-caps dominate the price action while large caps chop around and consolidate. It may be worth paying attention to IWM and IWR going forward.
Weekly Plan ES Futures 8-148/14 Weekly Plan. ES Futures September
Weekly Pivot is 4,505
Targets
4,532
4,560
4,592
Targets
4,478
4,456
4,417
Now trading at 4,484
Alerts
You will receive alerts in this channel every time ES hits (2M candle close):
Weekly opening 4,484
Weekly pivot at 4,505
Each weekly target.
Side notes:
One time framing down in daily + weekly chart. Weekly ends if 4544.75 is breached.
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