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Snp500

ES1! SPX500USD 2022 JUNE 27 Week ES1! SPX500USD 2022 JUNE 27 Week Last week Scenario1 3642 + Historical Demand returned to support market. Volume analysis expressed caution as price advanced on low volume, which may be a long trap. Wait for price reaction to the possible test levels and channel resistance Possible Scenarios are considered: 1) Test of 4071-4204 = wait for price reaction 2) Channel rejection for possible short 3) Test of 3706/3800 and finds support = long Weekly: Low vol up bar close at high = caution, possible weakness + reversal pattern Daily: Low vol up bar closing at high = Caution, possible weakness H4: High vol narrowing spread up bar = caution, possible weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 3878 3800 3706 3642 3600 3540 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
SPX500 a short updateIt is easy to guess the top but the noise are hard. All I can update is maybe we have a short term bounce to 3.9k these few days to close a gap. If we manage to break below 3.7-3.8k , then the market will have higher chance to go down further as mentioned in my idea. On the higher timeframe, If we manage to break above 4500, then My previous bearish bias will be invalidated. I think we should have some sideways movement for few months for accumulation if it were to reverse the trend. Just trade accordingly and be cautious! Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very important that you have a proper trading plan and risk management approach.
BLACKBULL:SPX500
by Future_Wei
8
#ES 06.24.22 Overview with Levels to WatchYday at the open we failed to accept over T+2 High area and got a move down from there towards Key Support at 3764.75-3760.50 which was one of the important levels to watch and I thought if we break it then we should see it head lower and possible even head for the lows from last week but T+2 low was an important area to watch under Key Support in order to get continuation lower which was also the spot from our Globex inventory position or size traders cost basis. When we failed to fully break 3747.50-3744.25 level that was my first warning sign that supply is running out because other wise we would have broken it on the first or at least the second push from 65-60 area but we did not have the supply to do that. Once we got back over 3764.75-3760.50 that meant we accepted back in that range and our target was next Key Resistance which also lined up with Previous Day High Area around 3809.50-3805.25 which is where we found some sellers when we got there at the end of the day and we closed for a balanced day within Previous Days range as was one of the options yesterday if we dont break Highs/Lows. Globex we failed to go lower, looks like collected the rest of supply from above 3791.75-3787.75 and were able to push the price over our next Key Resistance and into the next range. Today that area will be key to watch, Globex inventory is 100% long right now and we were above VWAP all night selling, at the open we will be looking to see if we get any correction towards the VWAP and possibly under to test that 3809.50-3805.25 area, our position is below it and this is where we want to hold for rotation back up. Or if we will fail at that level and accept under but for continuation lower we need to break it and start taking out lower levels. Looks like we will be opening on a Gap and over T2/Previous Day highs so I will be careful on the downside unless key levels break. -- On the Upside: Holding above 3791.75-3787.75 which is a our Globex support is a sign of strength, if we get a correction from the open towards Key Level of 3809.50-3805.25 then this is the area to watch it will be our Previous Day High/T+2 High, inability to get there or get there but consolidate at it without breaking in and accepting will our tell on how much supply we have above, it should be mostly the buyers from globex that will need to come out. Holding Key Level can give us a test of 3825.50-3820.25, 3839-3835.50, and next Key Level at 3853.25-3847.25 that is a good area to find more resistance today or might get a push higher towards 3866.75-3863.25 but I will be cautious on continuation beyond that unless we get big order flow that will push us of course. -- On the Downside: Holding below 3839-3835.50 can give us a push lower to correct inventory towards 3825.50-3820.25 and possibly 3809.50-3805.25 this is an area we will be watching for buyers to step in unless we break it with volume and keep going lower but will not get a further downside confirm until 3791.75-3787.75 breaks, that is the area where size traders put together their position. watching how price behaves at each level is key. *** Key Areas to Watch : 3791.75-3787.75 // 3809.50-3805.25 // 3839-3835.50 // 3853.25-3847.25
CME_MINI:ES1!
by HollowMn
SPX 500 index: local peak at 3850 - key turning point: Today we're here to talk about the SPX 500 index Today: The index is trading at 3795 and yesterday we saw the market attempt to move up to the 3850 level. Here is a link to the idea. Today, market participants will continue to push the market to the 38 50 zone. Where I expect the formation of a new local peak. Today we are waiting: Today, like yesterday, we are waiting for an attempt to move to the level of 3830 - 38 50. What I recommend: If you want to go short: It is better to open short positions from the level of 38 35, but limit your losses. If you want to buy: Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market around 3550 - 3480 and buy there. If you are not in the market: You can try to go short from the 3835 level or wait until the market bottoms around 3550 - 3480 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge and subscribe to me, and you will always be aware of the movement of the SPX 500 index. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
3
Stocks Testing Relative HighsThe S&P 500 has steadily risen, though this rally looks very weak. We have gredually made higher highs, and are currently encroaching upon a relative high at 3825. The Kovach OBV appears quite bullish, which could indicate there is more in the tank for stocks. If we are able to breakout further, we could solidify the mid 3800's, with 3909 a likely ceiling. Since we are at relative highs, watch for momentum at open. If it is insufficient to break through current levels, then a retracement is likely with 3758 a likely support level and 3645 a likely floor.
FX:SPX500Short
by quantguy
S&P 500 Breakout??The S&P 500 has continued to range establishing an upper bound at 3792, confirmed by red triangles on the KRI. We have been edging up with higher lows, and volatility has consolidated suggesting we are gearing up for a breakout. The Kovach OBV is still pretty bullish, suggesting a bullish divergence and possible bull breakout. If so, we must clear 3825 before attempting higher levels. The level 3792 is providing strong resistance and if we fail to break it at open we are likely to reject it in which case 3694 is a likely target.
FX:SPX500Short
by quantguy
SPX 500 index: On top of the hill - Last attempt to take 3850. Today we're here to talk about the SPX 500 index Today: The index is trading at 3759 and in the last two trading sessions we have seen a move towards my previously anticipated target zone at 3785. Here is a link to the idea. Currently, the market is in the equilibrium zone, where participants must decide where the local peak will be. There is still a possibility of price movement to the level of 3830-3850 on the market, but this isn't necessary. Today we are waiting: Today we are waiting for an attempt to move to the level of 3830 - 3850. There is a probability of such an event on the market, but this probability is not high, and if this attempt is broken, then I expect a sharp movement to 3550 - 3480. What I recommend: If you want to go short: It is better to open short positions from the level of 38 35, but limit your losses. If you want to buy: Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market in the region of 3550 - 3480 and buy there. If you are not in the market: You can try to go short from the 3835 level or wait until the market bottoms around 3550 - 3480 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
#ES 06.22.22 Daily Plan with Levels Was expecting this retracement yesterday but we had too many people short from Thursday/Friday and structure yday showed early that we will not come down for now when we held the Gap area pre market, drove away from it at the open and got over the Globex inventory. Failure to extend over 3780.50-3776.75 and reach next stops around 3790 area was my MGI that this buying is not as strong and we are most likely selling our position from below here and once shorts are filled and we get under Key Level at 3764.75-3760.50 then we could find ourselves back at T+2 High area and the beginning of Sunday Globex move, I was hoping we will do that closer to RTH so I can trade it but missed the trade last night. Today we currently looked below our Key Level of 3714.75-3709.75 which is also Friday high/T+2 High area, we have more supply now trapped over 3747.50-3444.75 which might give us a push we need to take out the lows from Thursday/Friday. -- On The Downside: Holding under 3728.75-3725.25 will be a sign of weakness for us today as that is the GAP area we technically never filled in RTH, getting under our Key level of 3714.75-3709.75 and accepting will be our downside confirm which could give us tests of 3698.50-3695.50, 3686.75-3683.75, next Key Support at 3671.75-3665.75 and if that goes we can continue lower towards the lows from Last week and our next levels to watch will be 3655.25- 3650.75, 3638.25-3634.25 and next Key Support 3619.50-3613.25 if we do get that low then those areas can be a good location for a bounce. -- On The Upside: Holding above T+2/Friday high and our Key Level of 3714.75-3709.75 is a sign of stability, if we fail to get under and accept then that can give us a test of 3728.75-3725.25 area which would be our gap fill and from there we need to monitor continuation, could get to 3741.50-3744.75 and Key Resistance at 3764.75-3760.50 but we have supply trapped from yesterday there, will be cautious on the upside. *** Key Levels to Watch: 3728.75-3725.25 // 3714.75-3709.75 // 3671.75-3665.75 // 3638.25-3634.25
CME_MINI:ES1!
by HollowMn
Stocks Dump on Recession FearsStocks have taken a dive, off renewed recession fears. We anticipated resistance at highs, and if you recall from yesterday, we surmised that if momentum was insufficient to break the relative highs at the time, a dump was likely. That is exactly what happened. We were barely able to peak above 3758, but failed to test the next level at 3792. Subsequently, we slid back to 3694, where we are currently seeing some support. We could see a further selloff to lows, however, it is likely that stocks will range between 3645 and 3792.
FX:SPX500Short
by quantguy
#ES 06.21.22 Daily Plan with LevelsSunday/Monday Globex we keep marking up and selling our product, we got into the area I put on watch yesterday and this is what I want to see if we will hold and accept or did we sell our product from below and will come back down to look for buyers lower. So far Globex inventory 100% long from Friday Close, we now have people trapped between our 3728 and 3747 area and are back in the Gap location, Gap is not considered filled until we do it RTH so here are the two scenarios I will be looking at. -- On The Upside: Holding above our Key Support of 3714.75-3709.75 is a sign of strength in RTH and can give us a test of this Gap fill area at 3728.75-3725.25 ( if we get under it before RTH and hold support ) and if we take out that area and hold above then upper levels are 3447.50-3444.75 and next Key Resistance at 3764.75-3760.50, Gap area and Key Support will be key levels to hold for that to happen. If we do hold those and are going up on big volume then can see areas tested above Key Resistance as well. -- On the Downside: Getting under this Gap area and our level of 3728.75-2725.25 would be our first sign of weakness, we have Key Support at 3714.75-3709.75 which lines up with our Friday High and T+2 High if we are able to break that and accept back inside Friday range then we can see the lower levels tested at 3698.50-3695.50, 3686.75-3683.75, next Key Support at 3671.75-3665.75 and if that goes then we have lower levels and Friday low to test which would be 3655.25-3650.75, 3638.25-3634.25 and next Key Support at 3619.50-3613.25 IF we are going down on big volume then can expect that support to be broken and extended a bit lower as well. *** Key areas to watch 3728.75-3725.25 - 3714.75-3709.75
CME_MINI:ES1!
by HollowMn
Can Stocks Breakout??The S&P 500 has gradually trended up, suffering from low liquidity and thin trading from the holiday yesterday. We are encroaching upon the lows of the value area from last week. The small uptrend appears weak, and if we don't see momentum come through at the open, then we will surely dump to lower levels, with 3676, 3658 or 3645 likely targets. If we are able to break out then 3825 is the next target. The Kovach OBV is trending bullishly, but make sure momentum is confirmed at open before entering a long position.
FX:SPX500Short
by quantguy
2
500 index: On the way down - ready for the bounce: Today we're here to talk about the SPX 500 index Today: The index is trading at 3674 and we saw stabilization in the last trading session. Now the market is in the zone of consolidation with subsequent exit from it to the level of 3550 - 3480. Negative phenomena continue to be observed on the market. Bulk sales are still ahead. Today we are waiting: Today we are waiting for an attempt to move to the level of 37 40 - 37 85. The last trading session was only able to consolidate market participants. But if this attempt is broken, then I expect a sharp move to 35 50 - 34 80 What I recommend: If you want to go short: It is better to open short positions from the level of 37 85, but limit your losses. If you want to buy: Buying now is too risky. If you want to buy, it is better to wait for the bottom of the market around 3550 - 3480 and buy there. If you are not in the market: You can try to go short from the 3785 level or wait until the market bottoms around 3550-3480 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
2
#ES Futures Bottom is in Or Heading Lower? Lets break down what we can see in Globex and in tomorrows session. Did we find temporary support, built a position under 3715-10 that we now have all the supply to run the upper stops, fill the Gap at 3723 area and fill push higher to sell our product there? Or did we find temporary support using all the people who piled in Short Thursday/Friday morning and after everyone covers here we wont have anymore buyers to take us higher and come down to test the lows again? I was thinking long Friday at after we tested the Previous Day low and came back in, sign of strength for me and right away told me we will most likely stay inside Thursdays RTH range, Last night Globex held the Key Support at 3671.75-3665.75 and we saw this morning it ran up over our Key Resistance of 3714.75-3709.75 but I started breaking down the MGI a bit more and now im not so sure this will be the agenda tomorrow, I am thinking that what gave us support this time around is everyone who shorted the top of FOMC day and the chasers who piled in short Thursday morning after they saw the big move down Over Night and of course people looking for continuation Friday morning, because of the Holiday we are counting Last night Globex, this morning session and tonight's Globex as one session which tells me that if we spend time over this Key Resistance which also happens to be our Previous day (Friday) High and our RTH T+2 high area but fail to extend and take out/hold the gap area and our level of 3728.75-3725.25 either Tonight or at RTH open and come back under this Key Resistance then that was just a stop run to sell inventory and can give us a test of Key Support at 3671.75-3665.75 and T+2 Low/Friday Low with possible continuation down to 3619.50-3613.25 and depending on order flow there possible lower to 3600 - 3590 maybe 85-75 area. On the opposite of course is if we hold this support and fail to get back in and accept in T+2 range under 3710-3700 in Globex or tomorrow RTH then we can see a squeeze to fill the gap in RTH and test higher levels, leaning a bit more to the downside personally but I will be watching for those two scenarios to play out. ** Key Areas to Watch: 3728.75-3725.25 // 3714.75-3709.75 // 3698.50-3695.50
CME_MINI:ES1!
by HollowMn
Stocks Gearing Up for a Rally??Stocks appear to have bottomed for now, forming a bull wedge consolidation pattern at lows. The level 3624 appears to be a hard lower bound for now. We are due for a relief rally, as stocks are broadly oversold. If so, 3825 is a likely ceiling, as it is a relative high from last week. However, the value area between 3714 and 3792 seems a reasonable target if we are able to break out. If things turn south, then 3624 should provide support, but if not, we are clear to test the lows of the 3600 handle.
FX:SPX500Long
by quantguy
ES1! SPX500USD 2022 JUNE 20 Week ES1! SPX500USD 2022 JUNE 20 Week Last week favored the shorts. Some demand on the weekly & H4 bar may cause a retracement for temporary long opportunity. Possible Scenarios are considered: 1) Long if 3600 /3642 is supported 2) If retracement to higher levels happen on weak volume, = short on price rejection 3) Rotation (grey box) = trade at boundary or no trade 3 Dear History repeats as demand returns Weekly: High vol down bar closing off low = demand present bar closing at low = supply remains, also exhibited commitment to lower prices. Daily: Ave vol up bar closing in middle = indecisive H4: Last 2 bar combined = UHV down bar closing above mid of bar = demand Price reaction levels: Short = Test and Reject | Long = Test and Accept 3878 3843 3723 3642 3600 3540 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
#ES1! Daily Trade Plan with Levels 06.17.22Yday we got our downside move to play out, we found buyers below our Key Level of 3671.75-3665.75 and got a push above it, in Globex so far we tested the level and were unable to break it which meant we are out of supply for time being and rotation back towards the upper levels. Currently Globex inventory is 100% long from our close, we are inside ydays range and just hanging out here at the High of yday and our current Key Resistance of 3714.75-3709.75. Today is Friday, we had eventful week and options expire today so it will be very tricky to trade, Fridays are for protecting capital made during the week and not get aggressive for me. Previous day high and T+2 Low will be important resistance areas for me today in order to get any continuation higher we would need to accept in T+2 that would tell us we have no margin calls or outside selling for now. If we fail to do that and start coming down then we can always test Previous day Low and lower levels if order flow permits. For now we have support over Key Resistance and shorts trapped below us from yday who will be the buyers, might see a balanced day as well. -- On the Upside continuing to hold over 3686.75-3683.75 and 3698.50-3695.50 is a sign of strength but we are right under Key Resistance for me I would like to see us take that out and show us that it will hold in order to get continuation higher and next Key area to watch for continuation is 3728.75-3725.25 which would be our T+2 low for today, if both of those get taken out then we could see a trip back up to 3747.50-3444.75 and possibly next Key Resistance at 3764.75-3760.50 and maybe even 3780.50-3776.75 area which would be our T+2 Half Back. -- On the Downside if we fail to get over Key Resistance and hold above then we have a lot of supply built up here in Globex, if we fail and start coming down we have 3698.50-3695.50 and 3686.75-3673.75 where we will want to monitor for breaks and continuation in order to get further downside, Key Support is at 3671.75-3665.75 if we do find ourselves back under it then lower levels and Prev day low is in reach at 3655.25-3650.75, 3638.25-3634.25 and next Key Support at 3619.50-3613.25 ** Manage expectations today and get ready for it to be choppy unless we get a clear move out.
CME_MINI:ES1!
by HollowMn
When Will Stocks Bottom?The S&P 500 dipped further, breaking through to the high 3600's, before a brief retracement attempted to reestablish the 3700's. At the time of this writing, we are currently wavering at 3700 exactly. The Kovach OBV is flattening out suggesting that we will not see much more action until momentum comes through. It is likely we will range at some point to establish value in this new price territory. We expect stocks to hold their ground between 3644 and 3737. As we mentioned yesterday, 3823 is a likely ceiling and 3624 the floor for now.
FX:SPX500Short
by quantguy
SXP 500 index: New pivot point Today we're here to talk about the SPX 500 index Today: The index is trading at 3666 and in the last trading session we saw a sharp drop from the local high that I mentioned earlier, here is a link to the idea. Now is the worst time to buy in the market. The market is still waiting for big sales. Today we are waiting: Today we are waiting for an attempt to move to the level of 37 40 - 37 85. But if this movement is broken, then we will see a further fall of the market to the level of 35 50. What I recommend: If you want to go short: It is better to open short positions from the level of 37 40 - 37 85, but limit your losses. If you want to buy: Shopping now is too risky. If you want to buy it is better to wait for the bottom of the market around 35 25 and buy there. If you are not in the market: You can try to go short from the 37 85 level or wait until the market bottoms around 3550-3500 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
#ES Future 06.16.22 Daily Trade Plan with LevelsWhat a Globex we had! Wish I stayed up to trade it, I took one trade in at 21:30 Short at 3827 and covered at 12 when I saw we still had buyers at 3809.50 area, I did not stay for the pull back and re-entry at 3825.50-3820.25 but that was a beauty short just sold off smoothly level after level. Yday after the close I mentioned the way we closed and trapped people in RTH that most likely we will the lows again, I was hoping we will do that in RTH so I can actually catch the trade but market did what market did right, so what can expect today? Lets break it down, we now have buyers trapped over 3809.50-3805.25 Key level, buyers trapped over 3764.75-3760.50 Key level and right now we are holding under support of 3714.75-3709.75 Key Level but we have built up volume under it cheap to me shows acceptance, we still have over an hour before open but yday low is at 3723 which is by our 28.75-25.25 level which means most likely we will open on a Gap Down, our Globex inventory is very short right now so at the open we want to see if we get any correction to it towards the gap and the inability to fill the gap or get back over our Key Level of 3714.72-3709.75 will be our tell for the day. As I am writing this it seems like we are making another attempt to run the lower level of 3698.50-3695.50 so might even find ourselves even lower by the time open comes around, we have Unemployment at 8:30 to watch out for. Overall as mentioned yesterday I am expecting more downside this week, I wanted to see this level break from here I will be looking at next possible areas of support to be reached. Might be a rough day we already made a big move in Globex so RTH can be difficult to trade but we will wait and see. - On the Downside holding below yday low and accepting under T+2 low and our Key Level of 3714.75-3709.75 can give us a push lower to 3698.50-3695.50, 3686.75-3683.75 and next Key Support of 3671.75-3665.75, with how much supply we now have above I would expect it to be broken today and possibly test lower areas of 3655.25-3650.75, 3638.25-3634.25 where we can see some more buying and even possible for Next Key area of 3619.50-3613.25. We have not been in this area in a long time so we have to watch how price behaves around the levels and if it breaks and accepts for continuation or not. - On The Upside if we are to get any correction othen ideally we can hold this 3698.50-3695.50 level and try to push over 3714.75-3709.75 and try for the Gap fill around 3723.50 and from there we monitor for continuation but I will be very cautious playing the upside today, most likely will be patient and wait for proper areas to go short. But if we do fill Gap and accept back in T+2 range then watch out, *** Remember market is upside downside now, all the people buying yesterday are waking up not happy so it can be choppy until we deal with the order flow and can get going. Day to trade safe!
CME_MINI:ES1!
by HollowMn
1
The FOMC Didn't Help StocksThe FOMC event did little to appease the stock market yesterday. To combat inflation at 40 year highs, the Fed raised interest rates by 75bps, the largest hike since 1994 . This was largely priced in and we saw a brief relief rally in equities, which was quickly faded, and we have since broken support to establish new relative lows. The level 3714 was our last technical level in the 3700 handle, and we have now broken into the 3600's, finding support at 3694. We are currently seeing a smaall pivot off of this level, and support is confirmed by green triangles on the KRI. We appear to be running into resistance in the low 3700's, but if we can sustain momentum, then 3823 is a likely ceiling. If we sell off further, 3624 is a likely target.
FX:SPX500Short
by quantguy
SXP500 Index: Now there are few buyers in the market. Today we're here to talk about the SPX 500 index Today: The index is trading at 3735 and in the last trading session we saw a movement to the target zone of 3700. Here is a link to the idea. However I believe the market has not reached its bottom yet. Sales are still possible on the market. Today we are waiting: Today we are waiting for an attempt to move to the level of 3650. Although the market shows signals for a reversal, there are still very few buyers. What I recommend: If you want to go short: It is better to open short positions from the level of 3850, limit your losses. If you want to buy: Long positions are prohibited. If you are not in the market: You can try to go short on the 3850 pullback or wait until the market bottoms around 3650-3630 and then buy. Like and subscribe, thanks! Also remember to contact me in 2 or 3 days for further trading advice. Don't forget to like it, it really motivates me to share my market knowledge. See you next time! Bye!
SP:SPXShort
by kvatoo_FX
Stocks Await the FOMCStocks are hovering at lows, establishing value in the mid 3700's. The S&P 500 is clearly waiting for the FOMC event today, so don't expect much action at open. The Kovach OBV has picked up a bit, and we have found support in the low 3700's. We appear to be forming a small bull wedge pattern with a neckline at 3758. If we do break out, we should find immediate resistance in the 3800's, starting at 3792, however another dump could take us back to lows at 3694.
FX:SPX500Short
by quantguy
1