S&P Futures review Daily chart 2-27-25Bearish microchannel, market is All-in-Short
Bears will sell the Pullback and look for another leg down to test the previous breakout level.
Market has been in a tight trading range. Bears will look to break out of the trading range with continued strong selling. Context on the Weekly chart is good for a stronger sell-off.
Until that happens, bulls will attempt to buy at the bottom of the trading range.
ISP1! trade ideas
MES!/ES1! Day Trade Plan for 02/26/2025MES!/ES1! Day Trade Plan for 02/26/2025
📈6035
📉5955
Like and share for more daily ES/NQ levels 🤓📈📉🎯💰
*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
ES Morning Update Feb 27thES has remained in the same 6020-5930 range all week, with triggers continuing to play out well. Yesterday, I noted that 5958-62 had to hold and reclaim 5988 to spark a rally. We hit 5958-62 exactly at 8 PM, reclaimed 5988, and rallied +25 points.
As of now:
• Hold runners, as things are getting more complex
• 5996, 5988-86 must hold to keep 6020 and 6042 in play
• A break below 5986 triggers selling
$MES1! Charting to Purchase $SPY 1-DTE Call Option, 15-min TFContract: AMEX:SPY 27 FEB 25 598c
Entry: $2.03 on 1:09pm
Exit: $1.26 on 1:58pm (-$77, -38%)
So after seeing price decrease 0.75%, 45 pints, 179 pips in 2 hours from $6,023.75 to $5,980 (support area), I decided to purchase a call expiring today on Feb 27, 2025.
On the 15min and 5min I noticed price bounced around the $5,980 area and thought price would reverse to the upside.
1) Yesterday on Feb 26 @ 1:09pm, I entered AMEX:SPY 27 FEB 25 598c @$2.03 because of the drop and potential reversal.
On the 5min:
- candle had made a higher low
- became an inside (1) candle #thestrat
- began consolidating & hit support around 5,980.
2) When placing my stop loss, I mistakenly set up my option call to sell when AMEX:SPY (the stock) touched or went above $3.05 instead of programming the option call to sell when the specific option call ( AMEX:SPY 27 FEB 25 598c) touched or went above $3.05.
You live and you learn.
On to the next play.
Es daily recap of price action Quick easy overview of what I look at during the day for my entries and exits.
Im pretty busy during the day so I try to make my charting as easy and clean as my eyes can see. Hope this helps anyone and Im open to anything else I can use as for more confirmations. Thanks!
Explaining why ES did what it did today!Quick explanation of Distribution Schematics, and Unfinished Business using Order Flow. No indicators just being able to see real time orders and limit orders in the market. notice how price enters into a Resistance zone and the Delta turns very negative. Green Flag for shorts.
Be patient and wait for a clear set up.
SPY Short Swing This swing trade idea is based on the daily timeframe. I have also already traded intraday on the same levels and trade idea and have already cashed in those positions. I have few that I am swinging and will take partials along the way and manage them accordingly. One doubt I have is how the NVDA earnings will play into effect. As for now, for indices this trade idea has good RR that's just too bad to miss. I believe the ultimate target will take time to deliver and may offer further opportunities of entry later on. We have been on the bearish OF on all TF and with strong rejection from the D. SIBI will indicate the price is very bearish. So far the signs are there and will need to see how we close today.
S&P 500: Rejection at Resistance and Potential Downside RisksThe chart shows a clear rejection from a key resistance zone around 6,150 points, highlighted by the red area. After an attempt to break through, the price faced strong bearish pressure, falling back below the 6,100 level. The current retracement has led the price to test the 50-day moving average (yellow), which has so far provided temporary support. However, breaking this structure could increase the risk of a sharper decline toward the intermediate support at 5,924, marked by the dashed yellow line.
Recent macroeconomic releases, such as the decline in retail sales and weakening consumer confidence, are weighing on market sentiment, increasing pressure on stock indices. Additionally, uncertainty related to tariffs proposed by the U.S. administration is adding volatility, with investors showing signs of risk aversion. If the price fails to quickly recover the 6,100-6,150 area, the next bearish target could be the more structured support zone at 5,850-5,800, identified by the lower blue area.
In summary, the technical structure reflects a moment of uncertainty with a clear rejection from the weekly resistance. A recovery above 6,100 could bring buyers back in control, while further weakness would open the door to new declines toward lower support levels.
ES Morning Update Feb 26thDespite all the volatility yesterday, ES is right back where it started. After holding ~5933 support, the target was 5996, a major resistance shelf. As expected, it’s taking time to break through and has held all night.
As of now:
• Hold the runner
• Staying above 5988 keeps 6004, 6015, and 6020+ in play
• If 5988 fails, expect a dip toward 5962-58
Combined US Indexes - Incoming Break or Bounce ?From the previously marked timeline on 18 Feb 2025, just days later, you see the combined US Indexes plummet to cut through the middle decision box (purple), and extrude out below. This formed the double top second peak in essence, and the days following just closed at a two month low.
While this might appear Bearish, it is worth noting the lower tails in previous candles which are followed by rallies to the upper resistance. Would this happen the third time?
I would beg to differ...
In fact, marked out is a critical support point which should be tested in early March. At that point (yellow ellipse), there is a confluence of a previous trend change support, the current TDST and just below that the larger consolidation range support.
While the RoVD is slightly bullish, the MACD is dipping with MACD in bearish lower half, and the signal line tapering down towards the boundary into bear territory.
In summary, it looks slightly bearish to the critical support point. From there, it would be good to see if it bounces or it breaks down.
ID: 2025 - 0011.2.2025
1st trade of 2025 executed today.
Trade entry at 134 DTE (days to expiration).
Trade construct is a PDS (put debit spread) at Delta 25 combined with a PCS (put credit spread) at Delta 13.
Sizing and strike selection is designed to keep the risk/reward "AT EXPIRATION" to a 1:1 risk profile. This lets charm work it's magic (second order greek), while exploiting the fact that this is a non-directional bias. The process is a disciplined and systematic approach letting time decay evaporate the extrinsic time value from the short options until target profit is achieved.
IF target profit is not captured after 60 DIT (days in trade), then target is reduced by 50% for the next 30 days.
IF reduced target profit is not captured after 90 DIT, then short strikes are covered to add BSH (black swan hedge) protection for a catastrophic move down.
This trade will deploy every 10 days until account value has doubled in size. :-)
Happy Trading All!
-kevin
ES Morning Update Feb 25thYesterday, all attention was on the 5993 area in ES. I expected a rally back up to 6043 off that level, and we saw it hold in the morning before pushing back to 6043. Later into the close, the market retested 5993 area again, sparking a 20-point rally. Overnight, a strong flush occurred, but the level was reclaimed, printing a textbook failed breakdown—5993 is now pretty used up in my opinion.
As of now:
• 6016-20, 6037 are the next targets
• 5996-93 (weak) and 5980 are serving as supports
• If these supports fail, expect a leg down below
Set up DayThe main focus in the S&P 500 daily chart for Wednesday will be the Nvidia results. The expectation is that Tuesday will be the set up day for Wednesday’s announcements. This means the expectation is not for a large movement to the downside on Tuesday in the S&P 500. The next objective to the downside is 5970.