TODAY IN THE MARKET - WED 07/03TODAY's MARKET SUMMARY - WED 07/03
Our daily market summary is now available (for free, no registration or credit card required).
As can be seen from the chart levels, our trading plans published this morning have done very well (will be publishing the detailed results later).
THE GIST (“THE WHAT”)
The S&P 500 index extended gains for the fifth straight session in today’s shortened trading session ahead of the July 4th holiday. Weaker-than-expected economic data revived expectations of a Fed rate cut, sending Treasury yields to their near 2-year lows. High-dividend paying stocks extended their previous session’s solid gains to lead the index higher to hit a yet another record daily close for the third straight session at 2995.82, up 22.81 points and gaining 0.77% over previous session’s close.
THE DETAILS (The “How & Why”):
For the detailed market summary report, please check it on our site (unable to post the link here).
Happy 4th, everyone!
Esmini
TRADERSAI - A.I. Powered Model Trades for Today, WED 07/03Beware of Sharks in Shallow Waters (low liquidity)
Due to the shortened trading hours for the July 4th holiday, expect thin trading in the markets. When liquidity is low, typically retail traders get whip-sawed with wild, sudden moves OR sustained moves in a direction opposite to the majority retail positioning (market makers, anyone?).
Unless you are a compulsive (addicted?) or professional trader who must trade in these thin markets, better to stay out of the markets today. If you must trade today, check out below for our models' trading plans for the session.
Stay safe with your hard earned money. Happy 4th!
(unable to post the link - please check at our site for the detailed trading plans. The chart already depicts the trading levels for your quick reference)
#ES #SP500 #SPX #SPY #Fed #Record #Yields #Holiday
TRADERSAI - A.I. Powered Model Trades for TUE 07/02 - OUTCOMESAfter sitting out the markets for the last few sessions, both our medium-frequency and aggressive intraday models have made trades today.
Results of our models' trading plans for the day - published in the morning - are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
THE GIST:
Medium-Frequency Models: The models' trades lead to a loss of 8.80 index points on one long position. Models are also carrying one open long into the next session with a 10-pt trailing stop trigger anchored at 2963.20.
Aggressive, Intraday Models: Lead to a gain of 19.20 index points on eight trades - four long and four short.
Please check the article on our site for trade-by-trade details - with the time of each trade triggered (unable to post the link here).
#ES #SPX #SP500 #SPY #Stocks #Results #TradingPlan #TradingIdea #Education #TradingEducation #Forecast #Outlook
TRADERSAI - A.I. Powered Model Trades for Today, TUE 07/02The Market Fireworks - Enjoy While It Lasts
While it is an open question whether we got a trade war resolution, it is being celebrated with spectacular fireworks (for now). Enjoy the show (for now) and trade/tread safely.
The chart depicts the levels of the Model Trades' entry and exit points we published this morning. Your results will vary depending on the resolution of the timeframe you are using, and the trailing stop levels you use, the quality of your broker's execution etc.
#ES #SP500 #SPX #SPY
TRADERSAI - A.I. Powered Model Trades for Today, MON 07/01Almost every major financial news media outlet predicted the outcome of a thin-on-details "truce" on further tariffs than any substantive progress towards an agreement or a resolution to the trade war. And, yet, the overnight futures action is exuberant and indicating significant gap up in S&P 500 Index on the open.
It is highly improbable that this bidding up is coming from any institutional or smart money. When mom-and-pop individual investors seem to be leading a market move, it always ends up badly for them. Our models are not buying into the current pop in the overnight index futures and are in an indeterminate state and are staying out of the markets for the day.
Don't fret over missed potential profits - first, pay attention to hedging/minimizing the potential losses! The risk-reward profile at this level does not appear to justify jumping into these turbulent and murky waters. Let the close today guide your further assessment of the market.
Good luck with your trading this week!
TRADERSAI - A.I. Powered Model Trades for Today, FRI 06/28This Weekend's G-20 Summit the Destination or a Soujorn for the Long, Winding Trade War?
We all have seen this movie before - we are told, "we are just about to announce the trade agreement" only to realize that there was really nothing of substance to see - for months! Will this weekend's G-20 summit hopes be any different? Investors seem to be "cautiously optimistic", based on the price action in the overnight futures markets.
Hopeful or not, it is unlikely that any serious investors would be taking any big positions ahead of the summit. Today, it would likely continue to be a directionless, choppy trading in a tight range - mainly driven by weekly options expiration than any economic or geopolitical developments.
Both our medium-term models and aggressive intraday models indicate staying out of the markets today. You do NOT have to force trades every day, unless it has become an addiction.
Stay safe in these choppy markets, and keep your powder dry for next week. Happy Friday, everyone!
#ES #SP500 #SPX #SPY #Fed #Record #Yields
TRADERSAI - A.I. Powered Model Trades for THU 06/27 - OUTCOMESResults of our models' trading plans (published in the morning) are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
GIST:
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Medium-Frequency Models: No trades triggered today as the index traded well below the trigger levels.
Aggressive, Intra-day Models: Lead to a loss of 9.80 index points on three trades (two long and one short)
DETAILS:
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Please check our site for the details (not able to post the link here) - including the time and the levels at which each trade was entered and exited.
#ES #SPX #SP500 #SPY #Stocks #Results #TradingPlan #TradingIdea #Education #TradingEducation #Forecast #Outlook
TRADERSAI - A.I. Powered Model Trades for THU 06/27Directionless Trading to Continue into the G-20 Summit Weekend
With the interest rate cut hopes drying up, a trade war resolution is the next best thing to boost the markets. Until then, it would likely be a directionless, choppy trading in a tight range.
The chart shows the trading plans indicated for today by our models (for further details, please check our site - not able to post links here)
#ES #SP500 #SPX #SPY #Fed #Record #Yields
TRADERSAI A.I. Powered Model Trades for WED 06/26 - OUTCOMESResults of our models' trading plans (published in the morning) are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
GIST:
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Medium-Frequency Models: No trades planned for the day.
Aggressive, Intra-day Models: No trades triggered for the day, as the models missed a short entry by 1.5 index points (2948 short entry planned, market high was 2946.52).
DETAILS:
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Medium-frequency Model Trades: No trades planned for the day.
Aggressive Intra-day Model Trades: Lead to exact break even (0.00 index points) on two trades (one long, and one short)
Please check our site for the details (not able to post the link here) - including the time and the levels at which each trade was entered and exited.
#ES #SPX #SP500 #SPY #Stocks #Results #TradingPlan #TradingIdea #Education #TradingEducation #Forecast #Outlook
TRADERSAI - A.I. Powered Model Trades for WED 06/26Powell's Diffidence-turned-Dissidence to Torpedo Markets Buoyed by Rate-cut Hope/Hype?
Can the markets sustain Powell's dashing of interest-rate-cut hopes? Our models are closely monitoring the market action patterns for any clues and are not clear about an answer to that as of now.
Check out below the trading plans indicated for today by our models:
(not able to paste the link here - pl check at our site)
#ES #SP500 #SPX #SPY #Fed #Record #Yields
TRADERSAI - A.I. Powered Model Trades for TUE 06/25 - OUTCOMESResults of our models' trading plans (published in the morning) are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
GIST:
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Medium-Frequency Models: No trades planned for the day.
Aggressive, Intra-day Models: No trades triggered for the day, as the models missed a short entry by 1.5 index points (2948 short entry planned, market high was 2946.52).
DETAILS:
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Please check our site for the details (not able to post the link here) - including the time and the levels at which each trade was entered and exited.
#ES #SPX #SP500 #SPY #Stocks #Results #TradingPlan #TradingIdea #Education #TradingEducation #Forecast #Outlook
TRADERSAI A.I. Powered Model Trades for today, TUE 06/25Markets to Look at Consumer Confidence and Powell's Diffidence for Direction
Last week's record highs in the markets were driven by the Fed's stand on standing pat on the interest rates. Today's consumer confidence numbers could throw some light onto their rationale. And, Chairman Powell's remarks later today (at 1pm ET) could be what the markets are looking for to determine which direction to run in (or, to just keep meandering around).
Check out below the trading plans indicated for today by our models (not able to post the link here - check on our site)
#ES #SP500 #SPX #SPY #Fed #Record #Yields
TRADERSAI - A.I. Powered Model Trades for MON 06/24 - OUTCOMESResults of our models' trading plans (published in the morning) are now available. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
GIST:
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Medium-Frequency Models: No trades planned for the day.
Aggressive, Intra-day Models: Triggered two longs and one short, leading to a net loss of 1.72 index points, reflective of the tight range and the choppiness of the market today.
DETAILS:
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Please check our site for the details (not able to post the link here) - including the time and the levels at which each trade was entered and exited.
#ES #SPX #SP500 #SPY #Stocks #Results #TradingPlan #TradingIdea #Education #TradingEducation #Forecast #Outlook
TRADERSAI - A.I. Powered Model Trades for MON 06/24Thursday's Raging Bull Essentially Stood its Ground on Friday! Can it Continue to Hold its Territory?
Last Thursday's all time high in the S&P 500 Index was accompanied by the month's second highest volume, shooting down concerns of weak volumes. And, it was followed by an essentially sustained highs with Friday's significantly high volume as well. Was it the beginning of another leg of the bull run or is it going to prove to be the last gasp of the market bull?
Our models indicate essentially the same trading plans from Friday for today, Monday 06/24. For details, please check on our site (not able to post the link here).
Good luck with your trading today!
#ES #SP500 #SPX #SPY #Fed #Record #Yields
A.I. Powered Model Trades for FRI 06/21 - OUTCOMESResults of our models' trading plans for the day are published on our site. Anyone can verify/cross-check the triggering of these trades from any source that provides charts.
GIST:
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Medium-Frequency Models: No trades planned for the day.
Aggressive, Intra-day Models: Triggered three longs and one short, leading to a net gain of 1.11 index points.
DETAILS:
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Please check our site for the details (not able to post the link here) - including the time and the levels at which each trade was entered and exited.
#ES #SPX #SP500 #SPY #Stocks #Results #TradingPlan #TradingIdea #Education #TradingEducation #Forecast #Outlook
3 Possible Outcomes for S&P 500 futures by ThinkingAntsOkToday we are going to explain the 3 different scenarios we have for E-MINI S&P 500 futures
First, let's analyze the Daily chart. Main Items we can see there:
a)Price is inside an Expanding Triangle, this type of structures are considered continuation patterns after the 5 waves inside are complete, now we have A/B/C/D and E is remaining, so by Elliott Wave Theory we should expect a Bearish Movement, towards the lower trendline of this structure
b)Price is against the 2 previous historical maximums, This zone is a major Supply zone, if price cant surpass this area, we would have a Triple Top pattern (Reversal Structure)
c)On MACD we can see a Bearish Divergence on the previous Higher Highs, that's show weakness of the current bullish movement.
Now let's take a look to the Global Context , Since 1st of May E-MINI S&P 500 futures developed a bearish movement, and one of the main reasons that trigger this -7% was the trade war with China, regarding that topic, nothing changed at all, all the opposite, the United States escalated the conflict by applying tariffs to China, and take really aggressive actions over Huawei. However, now we observe a full recovery of price with a situation that is far from finished. and is really difficult to explain this optimism on the market, based on the current global situation. On Wednesday China and the USA will proceed with trade talks on Japan G-20. We think that the final output of that meeting will have some repercussion on the Index, Bullish or Bearish.
Weekly Chart:
With all the previous Items already explained, let's see the 3 possible scenarios:
1)Price cant surpass the current Triple top pattern, and the beginning of a bearish movement starts again with similar behavior of the previous Down movements observed on FEBRUARY 2018 / OCTOBER 2018 / MAY 2019
2)Price keeps rising until finds resistance on the higher trendline of the Expanding triangle after that D wave of Elliott Wave theory is completed and a bearish movement starts again with the same characteristic of FEBRUARY 2018 / OCTOBER 2018 / MAY 2019
3)Price surpass the higher trendline of the expanding triangle and find resistance on the weekly ascending channel ( you can see it better on the previous image) if this scenario happens, the Idea of the Expanding Triangle will be discarded and now price can make a correction over there or even surpass it, However we think that this scenario is the most unlikely because that would mean that 3 Major resistances zones have been broken without correction, and using Technical Analysis us our forecast tool, that would be an extremely rare behavior.
TRADERSAI - A.I. Powered Model Trades for THU 06/20Jumping Into the Gaps Can be Dangerous - with a Real Train or the Bull Train
If you missed the bull train, don't try to rush into the gaps!
Our medium-frequency models are in an indeterminate state with no trading today.
Our aggressive intraday models indicate trading off of the 2848 level as the pivot point for both long and short sides, with an 8-point trailing stop. Check out our site for details.
#ES #SPX #SPY #Fed
SP500 Short Opportunity by ThinkingAntsOkThe Main reasons to think that a bearish movement is about to star are the next ones:
A) Same situation than the bearish movement in October 2018
observe how the price made exactly the same formation that is doing now, we can use it as a guide to develop our setup on this current scenario.
B)The current Technical situation on the 4hs Chart:
-The price is facing a Resistance Zone
-Volume decreasing ( Weakness of the bullish movement)
-On the resistance zone, we can see a Pin bar on that area (reversal pattern)
-On the 15minutes chart, we can see divergence on the last movement that is making.
Based on this, we expect a bearish movement to start at any moment, if that happens we will be looking for short opportunities on the first Corrective structure out from the ascending trendline.
We will cancel this idea if the price keeps rising above the current Resistance zone.
Updates coming soon!
Trade Idea " ES-MINI SP500 " by ThinkingAntsOkTRADE IDEA: E-Mini SP500
Price is on a major descending Trend since 1st of May when the Trade war started escalating between China and the US. we expect this situation to keep bringing uncertainty and making the price to fall. That’s the context of the trade
Technically we see the yellow bearish trendline as the main one of the descending movement. If the price reaches it will be a major zone to look for reversals, also we have the middle trendline of the Weekly ascending channel, That trendline has been working as a major support/resistance zone for a long time ago ( more than 200 days)
4H VISION:
Items you should wait before Trading:
-Reversal Candlestick patterns on the trendline
-Volume Decreasing when the price reaches the trendline.
-A clear ascending structure where you can draw a pattern, like a Wedge for example.
-All the final arrangements do it on a 15 or 10 minutes chart to confirm that the ascending movement towards the yellow trendline is weak.
-If the situation goes as expected consider risk management of 0.5% or less, the stronger concept of the trade will be the position of the Stop.
If all these items happen, then look for a BO of the ascending structure with your TP and SL close to the areas that are shown on the picture.
Use this as information to improve or discard any trade made by your own analysis, remember always take your decisions! ALWAYS!
Please note that the above perspective is our view on the market, We do not give signals and take no responsibility for your trades.
ES Mini Futures Weekly AnalysisHeres the key levels I have highlighted for the week ahead on the ES futures . A very strong gap up this afternoon, providing for some bullish setups. For now the market is consolidating at the 0.27 fib extension and the 2860 resistance region.
Above there we have the 2878 topline and 2900 key level.
However if we do see a retest to fill this gap early this week that would be healthy for further upside. Watch the VIX and volatility to aid in signaling strength of sell offs. And watch for the key words RATE CUTs for interest rates in the news, as algos are set.