Simple gan fannMy home-built systems say we're going to break through this upper trendline, it's going to trap a lot of shorts and so I expect a strong move
Esmini
ES LONG 8/31Starting off the week with 4 contracts long into the Globex session last week we ended with a low around the 80s where we finally found a wall of buyers leading the day to end with a rally to higher highs.
short term for these week will be a support area of 90 then down an important value area at 3480.00. If we can break the 80s i can see more liquidation into the 60s and a potential leg down to 3400, a low probability this week.
if we can find buyers im looking for a more structure push to higher highs this week with a target of 3522.00
S&P E-MINI 500 ( Swing) Buy signalProbability: 65%
Time frame: 15min
Buy signal
Take profit: 3491.25
Stop Loss: 3467.25
ES minis channel playCurrently at trend line support. Stimulus report tomorrow morning should be a bit of good news but we never know how the crowd will react to news regarding COVID-19. Right now, this is being treated as a dip buying opportunity.No hints yet that point towards a bearish continuation.
SPY at resistance! breakout soon!Nice flattop breakout setup here for ES minis (futures) and SPY in general
S&P500 E-mini may still be zigzagHello traders! The previous scenario was broken, so I switched to an alternative wave count. This scenario still allows for the development of wave (2) as a zigzag that ends in a ending diagonal. The probable target is level 3249, where the zigzag can be completed approximately.
Good start in SP500, but still there is no signal - here is whyWe got a nice rejection near the first level of resistance (I mentioned it in previous SP500 analysis). Sellers entered with good volume, but the trendline is still holding!! Likely there will be attempt to break it. There is a possibility to retest 2 important zones before this attempt - previous swing failure and yesterday's top (to form double top). Don't hurry with shorts, let this market do its thing, and form strong signal. One day with sell-off is not enough
The SP500 is a bear marketHello traders! The price has almost reached a critical level and this idea now looks unlikely, but not impossible. This idea suggests that a bear market will begin to emerge in the coming hours.
We're probably going upThe pattern we are in looks a lot like the pattern that was created the beginning of June. However, I believe that it would only take one news story for the market to top over and repeat the pattern from June 10th.
The S&P500 E-mini has returned to a bear marketHello traders! I think it's time for a bear market. As you can see, wave 2 of (3) was supposedly completed, which drenched wave 1 of (3) at 0.786. now wave 3 of (3) has begun to develop. I expect to see a rapid decline. Confirmation of this idea will be the following:
* Breaking through the correction channel
* Price takeover of key levels: 2983.50, 2923.75, 2760.2
ES inverted for different perspectiveIt appears that this might be the logical path that our beloved S&P is headed. Traders are showing great respect for bearish trend lines as of late. Other things to consider in the stock market are companies like IBIO and WRTH which have historically pumped when the rest of the market goes down.
basic ES (SP500) elliott wave mapgoing to be watching what happens at the retest of 3200 area - we could still have a c wave down to complete this 4th wave, before starting the 5th wave.
currently targeting at least the ATH of 3400. higher targets at 3500 and 3675
💰 +$3,125 Profit In 10 Mins! (ES)🥇 I get a lot of people ask me, "Can I use your strategy and indicators on lower timeframes?" Absolutely YOU CAN! 👍
I want to walk you through how I capitalized on big gains before the market open on the emini futures contract.
One of my big main focus as of lately has been on quick scalping in the futures market. Getting on the right side of the trade get a couple points and exit, call it a day. Quick good money if you can get the right setup.
So all night I was watching the futures market and watching the strong rebound the emini was having. That bounce was giving me confirmation to look for a breakout at the previous turning point of 3111.00 . I used that as resistance and was watching the 1 hour timeframe. About an hour before market open I had my eyes on that price ticker getting a feel for how she was operating. I had all green on the crossover strategy and the ema dots were lined up green. I knew that on this timeframe the bulls were in my favor. I scaled down to the 5 min timeframe and once I saw that breach 3111.00 I market bought into 3112.00 i knew that it was a good position by how volume was driving the buys as the ticker kept pushing up. I started getting a little hesitation on the smaller timeframes at 3118.25 so I took the scalp and closed the long for 6.25 Points on 10 contracts!
If you have the capital and can play the strategy on key breakouts than you can capitalize huge on quick moves in the futures market. Each tick represents $12.50 and 4 ticks makes one point per contract. Even with just one contract and a smaller account you can kill it in the emini by just scalping and using tight stoploss.
If you look at the chart it did run up higher but we are just looking for quick scalps on the lower timeframes. Get in and get out, take profit, relax and call it a day. 😁
Just wanted to share with you how I took my trade on the emini this morning on a breakout trade. You can see the trade result on my twitter page.
I hope you all have an awesome day! Take care. 😁
🥇MLT | MAJOR LEAGUE TRADER
ES Nice Pullbacks Create Buying Opportunities - Possible IH&S?ES
Nice Pullbacks Create Buying Opportunities - Possible IH&S on the 1hr?
ES is having issues getting back above and holding the 786 @3134.75
SPY having issues at the 786 @313
If we can get above and hold those levels we could see a great buying opportunity for the rest of the week. If we cannot hold these levels I am looking to short to 3078
It is highly recommended that if you are long with stock or options to always have a hedge at times like these. IE: VXX, TVIX calls/SPY puts are great hedging opportunities. Also think about trading futures, the MES is a viable hedging option as well.
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
ES, SPY, day trading for June 4th 2020ES I am not sure how many boxes I need to check to call a down move but lets say it is 6 boxes, yesterday checked one of them. This said the over night gives me 1/2 more boxes making me a very cautious trader looking for a bit of a down move. Watching 3099 and 3115 as my chop zone and a break above removes the box check marks. Most of the over night inventory is short so a good play would be a bounce up to top of the range 3115 for a possible short. Will also be playing retraces from the impulse moves if they come.
Maybe stupid posting before news but we will see if anything changes.
If it does will update
Dedicating Some Time Back To Futures. (ES)Been wanting to get back into the e mini for some time now.
As you know I focus on trading stocks and cryptocurrency mainly.
I mainly already have my alt portfolio created for long term holds in crypto and I have a couple of stock picks to finish out on the current trades as mentioned in the last post. Plus a couple of higher cap stocks that are also in play for swings.
I'm going to cool off and enjoy the big gains I got from the last two months and shift my focus back over to the emini for some day to day scalping.
We will be using and combining the Crossover strategy and the ema dots for the smooth buy and sell opportunites. Our trading system can make scalping very effective and I want to focus on development of this skillset. Most know I like to look for long term swing trades as I mainly am a position swing trader.
I will be scalping the one minute and I had to post the 15 min because I cant post lower timeframes.
I am considering of starting to live stream on here so I can break down how I trade with you all on live plays.
I will follow up with my current positions but mainly I will not be sharing a lot of different pairs as I go back to focus on scalping the market.
Just wanted to let my followers know where I sit on what I'm looking to play as of right now.
Will share follow ups on updates to the emini on this analysis.
Best of luck to you all in the markets this week!
Happy trading, 😁
🥇MLT | TRADE LIKE A PRO
SELL ES Above 2840Traded 2964.75 setup double top. We have a micro short that is setting up for 53.75 . . . if we hold the 56.25 level, we can sell off. Hitting the 2937 objective, we will know we are on our way. 2862.50 is our next stop, failure level of 2838, means we can trade to the bottom end of the range. Expect to see us hit this 2937 level in Asia or Europe as confirmation that we are on hour way.
Friday ES Long Reaches Objective; Sell Target is closeES reaches it's 2888.75 objective from the 2812 long on Friday morning. Usually, this is where it would turn, however, Wall Street needs it's fill up here too. And, the end of the channel is in sight. If we continue up, look to 2925 level to sell. It may take some time to do that, similar to other tops. At some point, this whole move up will need to be defended by the Bulls at their 50%-61.8% lines. There will be a sell here that will be good for 60 points minimum OR ALOT MORE. Be patient.
Selloff from Multi-Week Halfway Back on S&PMorning S&P Update: Same draw as the YM (Dow) last night. Sell off from All-The-Way HWB happened in Europe. But, look for rebounds as Friday's tend to be range bound. Locked between two 50% levels? Only a move below 2800 will enable a deeper selloff. Otherwise, bounces may encourage the bulls back to the these levels.
Time to Short ES and YMMarket needed to rally today so that we can get short setups. We have two halfway back short setups here. Selling off from the Weekly. But, Trend changes require this usually require the larger HWB. Basically, I am a seller up here in the sell zone between 2856 - 2883.
