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S&P 500 futures weaken but demand was spotted yesterdayCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 14 May 2020 trading session. In this video, I am going to show you the market recap on last session including a trade review in M3 (entry, exit and the rationale behind) on a potential aggressive profitable trade on breakout and retest setup, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. 13 May 2020 recap - there was follow through to the downside for S&P 500 since the selloff on Tuesday. S&P 500 broke below the support level at 2830, which was also served by the demand line from the up channel. On the daily chart, we can see that there was increasing of the supply on yesterday's drop. Yesterday's bar have smaller spread than Tuesday's with demand tail. On the H1 timeframe, S&P 500 did not manage to touch the oversold line. All the above suggests there was demand coming in to prevent S&P 500 from falling further. This is to be confirmed by a change of character up wave, to at least pause the downtrend for now. Potential Trade review on yesterday (Wednesday) - Since I did not have any trade, this was only on a potential trade that some might trade. As the potential short entry was too close to the support level near 2830 (as mentioned in my video yesterday) and the demand line from the up channel, plus it happened around 11:30pm, which is a bit late, so I gave it a miss. Aggressive trader might be interested to in initiate a short entry on a breakout and retest setup near 2835 to anticipate breakdown due to excessive supply. Check out my market analysis video below from yesterday if you have not: Currently, S&P 500 is still below the axis line of 2825. Despite there was some demand to stop S&P 500 from falling further, I need to see aggressive demand to initiate a change of character upwave in order to pause the downtrend. Else we should see S&P 500 to find support at lower levels at 2750-2775 or back to 2715. Bias - Neutral (day trading); Neutral (swing trading) Key levels - Resistance: 2825–2830, 2850; Support: 2786 (swing low) Potential setup - a rejection around 2840-2850 could provide a short entry. Else a bounce from around 2786–2800 could form a long entry. Disclaimer: The information in this presentation is solely for educational purpose and should not be taken as investment advice.
CME_MINI:ES1!
by mingjong
3
S&P 500 futures - start of the correction? Daily Market AnalysisYesterday false breakout to the upside led to last hour sharp sell off and broke the 2880–2900 key support area was a change of behavior to the S&P 500 futures. The selloff found support at 2830 level, which is close to the demand line from the up channel. Check out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 13 May 2020 trading session. In this video, I am going to show you the market recap on last session including trade review in M3 (entry, exit and the rationale behind), the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. 12 May 2020 recap - yesterday sell-off was accompanied by increasing of supply, which was in sync with the bearish result. The only bullish sign was despite the increasing effort (volume), the price is still above 2830 key level and within the up channel. Trade review on yesterday session (Tuesday) - On M3 timeframe, a short entry was initiated after the up thrust within the supply zone 2920–2936, as per my trading plan mentioned in my daily market analysis video yesterday. Second potential short entry after a break down from the localised support near 2915, followed by a backtest and reversal. Watch my daily market analysis video yesterday below if you haven't to get a better context of the trade review: Since the false breakout of the apex was confirmed after the break down of support level at 2915, long entry from support level near 2900 is no longer valid. A false breakout acts as a failed signal, which favors a bearish entry since breakout to the upside was violated. Back to the current situation, S&P 500 is still trading within the larger range between 2715–2960. A break below 2830 should see further downside targets at 2775 and 2715. The current rally from the low at 2830 could be a test of yesterday selloff bar from the last hour, which is the key to justify for continuation of the selloff. So, do pay attention to the character of this rally. Bias - Down (day trading); Neutral (swing trading) Key levels - Resistance: 2880–2900, 2920; Support: 2850, 2830 Potential setup - a rejection near 2880–2900 resistance area could provide a short entry. A break below 2830 could also form a short entry. Do pay attention to any possible supply absorption from 2830–2850 despite the bearish outlook.
CME_MINI:ES1!Short
by mingjong
6
S&P 500 pending breakout from apex - daily market analysisCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 12 May 2020 trading session. In this video, I am going to show you the market recap on last session including trade review in M3 (entry, exit and the rationale behind), the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. 11 May 2020 recap - yesterday S&P 500 had a sharp reaction from early European session leading into US opening, tested the support at 2890–2900. This level is an important support and was mentioned in my market analysis video yesterday. Subsequently S&P 500 recovered most of the losses and closed slightly lower at 2922.75. Check out my daily market analysis video below from yesterday if you haven't done so: Trade review on yesterday session (Monday) - On M3 timeframe, prior the opening of the US session, S&P 500 dipped below 2900. Within 10 minutes of the opening, S&P committed above 2900 and started a small trading range before breaking out . There are quite a few potential long entries within the small trading range near 2900 support level as it showed supply absorption characteristics, as I pointed out in the video. On the daily chart, the volume is slightly higher with normal spread and high close. On H1 timeframe, yesterday pullback from 2940 to 2890 during the non-RTH had slightly increasing supply yet did not manage to commit and stay below 2900, suggests supply absorption. Going forward, ES is now in an apex formation pending to breakout. A break below 2900 could see it to test 2850 support level. Else, a breakout with continuation to the upside to at least 2960 is likely. Bias - Up (day trading); Up (swing trading) Key levels - Resistance: 2920–2936, 2960; Support: 2880-2900, 2850 Potential setup - A pullback to the support level at 2900 with a reversal will provide a long entry. Else a rejection from resistance zone around 2920–2936 could form a short entry.
CME_MINI:ES1!Long
by mingjong
11
More upside ahead for S&P 500 - Daily Market AnalysisCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 11 May 2020 trading session. In this video, I am going to show you the market recap on last session including trade review in M3 (entry, exit and the rationale behind), the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. 8 May 2020 recap - Major movement happened during the Asian and London session. Before the market opening, S&P 500 shrugged off the biggest one-month job losses on record as announced during the Nonfarm Payrolls event. During the US session, S&P 500 index tested the level at 2900 as mentioned in my market analysis video on last Friday, which also coincided with the demand bar (a breakout bar) happened in the Asian session. A narrow range session, which provides some opportunities for range trading. Refer to the market analysis posted last Friday below. Trade review on last Friday session- After a test and reversal from 2900, on top of a spring of the swing low in the M3 market structure, long entry was initiated near 2901. Exit was at the immediate swing high near 2914. On the daily chart, S&P 500 looks set to challenge the swing high at 2960. It is possible to continue with the momentum to test 3000 psychological level, which coincides with running into overbought of the second up channel, before starting a pullback. Bias - Up (day trading); Up (swing trading) Key levels - Resistance: 2960, 3000; Support: 2920, 2890–2900 Potential setup - A pullback and reversal from the support area near 2920 and the non-RTH low at 2915 could represent an opportunity for a long entry. The targets for take profit are based on the key levels (plus day high, low from previous day, non-RTH high, low, etc…).
CME_MINI:ES1!Long
by mingjong
1
S&P 500 breakout sign of strength rally - Daily Market Analysis7 May 2020 recap —S&P 500 attempted to break the resistance area between 2880–2900 twice and had a reaction back to the localized support level at 2870, which is inline to my trading plan as show in my video yesterday. Watch my market analysis video from yesterday if you haven’t, so that you can relate to the trade review presented in today’s video. Trade review yesterday — A short trade based on rejection from 2880 level was initiated after the close of the reversal bar. Partial scale out after a candle with demand tail reacted at 2870 localised support level. Full scale out after a higher low is formed near the support level at 2870. S&P 500 broke out the resistance zone at 2880–2900 during the Asian session this morning. As long as it can stay committed above this resistance-turned-support level, we should see a continuation of the trend to test the swing high at 2960. Bias — up (day trading); Up (swing trading) Key levels — Resistance: 2930, 2960; Support: 2880–2900 Potential setup — a back up action is expected after the current sign of strength (SOS) rally, which is to test the support level at 2880–2900 as a confirmation of up trend. A reversal from level at 2880–2900 could represent an opportunity for long entry. The targets for take profit are based on the key levels (plus day high, low from previous day, non-RTH high, low, etc…). Due to network issue, the video uploading process was interrupted. The market recap on yesterday’s session including trade review in M3 (entry, exit and the rationale behind), the bias going forward, the key levels to pay attention to, and the potential setup for the US session later are all shown in the video. I leave the YouTube video link for today's market analysis on my status as I am not sure if putting my YouTube link a violation of TradingView House Rule. Feel free to check out by hovering on my picture/username above to view my status.
CME_MINI:ES1!Long
by mingjong
S&P 500 still in a trading range - daily market analysisCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures (ES) for 7 May 2020 trading session. In this video, I am going to show you the market recap on yesterday's session on Tuesday including trade review in M3, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. 6 May 2020 recap - S&P 500 tested the high near 2890 and started a reaction towards the support level at 2850, which was mentioned in my video yesterday. The rally off the support was mediocre. There was no strength for the subsequent lifts from the support level at 2850, which lead to a sell off below the level. Watch my market analysis video from yesterday if you haven't so that you can relate to the trade review presented in today's video: So far, S&P 500 still trading within a range between 2825-2890. Commitment above 2890 should see a test of 2960, which is the swing high. A broke below 2830 could see S&P 500 to test the lower levels at 2770–2800. Bias - neutral (day trading); Up (swing trading) Key levels - Resistance 2880–2900, 2960 (Swing high); Support: 2840-2850, 2820 Potential setup - a test and reversal from 2880–2900 could present a short entry. Else a bounce from 2840-2850 could be a entry for long. The targets for take profit are based on the key levels (plus day high, low from previous day, non-RTH high, low, etc…).
CME_MINI:ES1!
by mingjong
2
S&P 500 daily market analysis with trade reviews yesterdayCheck out the video for a complete walk through of the daily market analysis of S&P 500 futures ( CME_MINI:ES1! ) for 6 May 2020 trading session. In this video, I am going to show you the market recap on yesterday's session on Tuesday including a potential trade setup in M3, the bias going forward, the key levels to pay attention to, and the potential setup for the US session later. 5 May 2020 recap - S&P 500 broke the non-RTH high formed in the London session at the opening bar, followed by testing the resistance area at 2880–2890, which was mentioned in my daily market analysis yesterday. There was no significant reaction until the sell-off happened at the last hour bar with increasing supply. Watch the market analysis for S&P 500 yesterday below if you haven't done so: Refer to the video for a classical short entry after a break below followed by inability to rally up. Yesterday last hour sell-off at resistance level of 2890 was accompanied by increasing of supply. I anticipate S&P to spend some time between 2840–2900. A break above 2900 should see S&P 500 to test higher target at 2960. Bias - neutral (day trading); Up (swing trading). Key levels - Resistance 2880-2900, 2960 (Swing high); Support: 2850 Potential setup - a test and reversal from 2890 could present a short entry. Else a bounce from 2850 could be a entry for long. The targets for take profit are based on the key levels (plus day high, low from previous day, non-RTH high, low, etc…).
CME_MINI:ES1!
by mingjong
2
NIO 7/9/19: Successful trade recap. Gap Fill ContinuationTraderNoxtreme here for a quick trade recap for you all. This one pretty much fell in my lap which is what you want in trading. This being said, the more you search for setups the more trades fall into your lap. Last night a YouTube video alerted me to a small gap setup on NIO. I quickly charted it and threw it on my watchlist. Premarket NIO pushed up into the gap (missing the gap fill by a tiny bit). On market open NIO pulled back then pushed up through the gap. I had an alert set at 3.61 to let me know it was time to see what would happen as I would have played it short if we clearly rejected. What happened was we formed a few 2 min candles of support right on 3.61 and then we got one strong confirmation candle which prompted my entry at 3.66. We then pulled back a little and found support at 3.61 (the dip under was a bit sketch but I held through because we had EMA 26 and I knew we had already filled the gap twice so there was some faith involved). After we got through the moment of panic, we pushed back up and I just kept a mental stop at EMA26 until we broke through 3.66 and it was clear sailing. I took off 1/4th of my position at 3.76 to give myself a buffer just in case we tested 3.61 again but it was not needed. We ran all the way up to 3.90 and I put in a sell at 3.98 thinking 4 psychological would be a good place to get out since nearly ever time frame was oversold at that point. We pulled back a little and then I noticed there was a seller who was throwing massive amounts of shares on the ask at 3.85. I waited for an hr but when I saw the hourly candle close as a indecision doji at the top of an uptrend, a big buy volume spike on the 2 min that could not break through and all important time frames were oversold or close to it, I made the choice to exit my remaining shares at 3.85. Glad I did! SUBSCRIBE for more. Like this idea no matter what. Join the Discord group we are building. We never stop learning and we do good things :) discord.gg
NYSE:NIO
by Noxtreme
1
Trade Ideas Review : EURJPY BatJust like all other traders, at the moment when this trade is engaged, the trader(I) see this trade as a Profitable Trade, hence, I've engaged the trade. What makes me different is that the trading system has been tested, I emotionless engage the trade in acceptance of the worst case scenario, in this case, losing. The outcome on either Profit or Loss doesn't surprise me in any way. In this case, a 38pips if a standard contract traded, it's a 380USD/lot gained. To me, I measure all profitability in pips and not in %gained as each trader might engage the same trade in a different approach. This trade was spotted last week during our Live Mid-Week Analysis, full video version can be found on our facebook page, under Mid-Week Analysis. EURJPY was our fourth analysis of the session. So what are you waiting for? Like our facebook page and join our live session.
Long
by RaynLim