Seems like SPX has found the base for another push up to 4400+ zone in wave C of larger B. It may take up to 2 months to complete this structure. I count recent choppy action as wave 1 taking shape of expanding diagonal, it may still do one more spike up before retracement in 2. 3840 should be a stop-loss here.
05/15 Weekly Plan. ES Futures June Weekly Pivot is 4,150 Targets 1. 4,188 2. 4,220 3. 4,240 Targets 1. 4,114 2. 4,090 3. 4,061 Now trading at 4,146 Alerts You will receive alerts in this channel every time ES hits (2M candle close): 1. Weekly opening 4,132.5 2. Weekly pivot at 4,150 3. Each weekly target. Side notes: 1. Balancing in daily...
I will be scalping SPY for these watchlist trades for tomorrow and this week
Just a quick look at multiple timeframes and what the charts may be telling us
Imagine USD recovery, and "no fear" on VIX at the same time Not good combination for stocks IMO, especially when looking the extremes of 2022-2023 range. Calls at the extreme may not be a good thing.
Lets take a deep dive into the SPDR S&P 500 ETF Trust (SPY) and examine its trends across weekly, 4-hour, and 1-hour charts. Using technical analysis tools and strategies, we uncover insights into how SPY is behaving on different time scales and what that might mean for traders. Whether you're new to trading or a seasoned pro, you'll find valuable insights and...
As the trading week comes to a close, market participants have witnessed a slow yet steady rise in SPX futures. I'm going to dive into the advantages of trading futures, analyze the recent price action in ES futures and the SPX index, and discuss the leading diagonal pattern that played out in the market. I will also provide insights into what to expect for the...
The financial markets are a complex ecosystem where a multitude of factors influence the movement of securities. One of the key aspects of understanding market dynamics is recognizing patterns and monitoring key levels that can indicate possible future trends. In this article, I will discuss the leading diagonal pattern, its importance in technical analysis, and...
With the massive selloff in the market today and the great setup on the VIX it is looking like this little bull run could now be over. In my 2 chart pics I have the daily charts of the SPY and the VXX. This looks very obvious that the VXX is ready to spike which will send the market lower. It is always important when determining where the market is going, to...
Pointed out FVGs and 6pm Open for price action landmarks or targets. Mainly using ICT concepts.
CME_MINI:MESH2023 For the ES Micro (and full) contract, we pushed down a little further from yesterdays low (PDL), and made a u-turn back up around previous day close (todays open price zone). So now what? Big market makers digesting this weeks Fed's transcript, over the weekend? I think so...big moves coming next CBOE opening bell
So I held my trade and walked away from the S&P for a bit to short the 6E (the Euro). It netted me about $3000 the last couple days, and that also gave me time to let my trade begin to form here. I closed out my 4140 short at just below 4110 yesterday, for a net profit of just over $1500. Certainly not the move I wanted, but the move I ended up with. I still...
I will leave an SPX update for the other site. But here is a sneak-peak of what I expect going into the CPI release on Thursday and next week Enjoy, and don't get trapped in case we really spike up on CPI numbers on Thursday and crap from there. And don't blame anyone if you are short and get stopped on CPI release or try to chase the market and go long on...
I can say that the lows are in for now, but the only issue is the timing, its not going to bottom till the 22nd. So to me it seems its going to test lows 3750ES zone by the 22nd and then go up into early high next week on the 26-27th. Thursday should mark the bottom and then go up on Fri hard on the data is my thinking. That high should be limited to 3950-60SPX imo
Havent updated my ES progress chart, here is one If first box is taken (which I think has high chances of holding tonight), then the second box in 3750ES zone should hold and bounce into the open. If second box gets hit early am before the open, it will be a perfect buying opportunity for me for a 100 points move up plus
Now lets see if it closes on the lows (bearish into tomorrow) or will continue push higher (bullish into tomorrow open)
Im not an expert in EWT but this is what I see in case its going to make a new low. Im going to buy that area for a bounce
Look where it stopped, loosing 3985 will be very bearish going into tomorrow. Im looking for a long trade, ideally we make a higher low tonight. The pathway for tomorrow can be a gap up and then sell into Wednesday or Thursday Very important to watch that trendline holing and if broken, there will be a perfect short setup when it retests that trendline from the...