Sellers entered the market on FridaySellers entered the S&P 500 market on Friday which implies profit-taking from buyers or the market has gotten overvalued and new sellers are entering. I am not looking for a dramatic move down or up on Monday but rather a inside only slightly lower movement from Friday's low.
ISP1! trade ideas
MES!/ES1! Day Trade Plan for 02/06/25MES!/ES1! Day Trade Plan for 02/06/25
📈6132-6140
📉6060-6050
Like and share for more daily ES/NQ levels 🤓📈📉🎯💰
(💎: IF THERE IS NOT MUCH VOLATILITY; FOCUS ON ZONES VERSES INDIVIDUAL PRICE LEVELS)
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
ES Morning update NFP at 8:30Yesterday was choppy in ES, yet key levels held with precision. Both 6087 and 6070 provided solid support—with 6070 holding exactly—which kept the market on track to reach 6105.
As of now:
• NFP at 8:30; hold the runner
• No change: 6087 and the weaker 6066-70 zone must hold to keep 6109, 6116, and 6130 in play
• If support falls below 6066, sell down to 6043
Bullish bias set upThe price structure on Thursday including the beginning of the Asia in the daily session of the S&P 500 implies a market going into Friday labor numbers with a bullish bias. If this is true that buyers are here, a close above 6120 would be an indicator of confidence in holding a long position going into the weekend. This would mean further follow through on Monday would be expected.
ES/ Morning Update Feb 6thYesterday morning, ES triggered longs with the reclaim of 6037. The targets came in perfectly—6056, 6076, 6087, and 6105 were all hit, with the final target reached overnight. I emphasized in my daily summaries for the previous couple days the importance of letting the trade run instead of over-managing, and that approach remains in effect today.
As of now:
• 6086 is holding as support
• This level keeps 6105, 6115, and 6130 in play
• If 6086 fails, expect a dip to the 6066-6070 zone
I'll think I'll wait for a Trump Truth Social Tweet bomb.....We are approaching big figure resistance,1st support at 6065-70,better at 6035-38 and critical support down at 6020, a hourly close below 6020 might see a quick plunge to 5930.
We need to shift the angle of this rally upwards out of the current channel to accelerate beyond 6130-40 and then we can look at ATH and then the top of the megaphone pattern.
The S&P mini looks like it's going to trade higher February 5th 2025 yesterday I thought the es was going to go higher and it did.... but it didn't go much higher and It reversed before I would have hit a Target. and I would have been stopped out because I would not have liked the risk. today the recuperated from approximately 50 point correction lower and now it looks like it's going to trade higher. this would be a scalp trade up and they would not think of it as a market that's going to make new highs which is possible... but I personally believe the markets going to be it treacherous for buyers at some point. are a couple of things I wish I articulated more clearly but it gets tougher as I get older. I almost didn't post this video..... but I decided to post because I know the Market's going to move at least a little higher and I'll make it a point to do a shorter video perhaps tomorrow and I will clarify some things that I meant to with more clarity.
MES!/ES1! Day Trade Plan for 02/05/25MES!/ES1! Day Trade Plan for 02/05/25
📈6067-6069 ; 6107-6109
📉6030-6027; 5990-5987
Like and share for more daily ES/NQ levels 🤓📈📉🎯💰
(💎: IF THERE IS NOT MUCH VOLATILITY; FOCUS ON ZONES VERSES INDIVIDUAL PRICE LEVELS)
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
The Leap by CME Group: TradingView ShowWelcome back, traders! In today’s episode of The TradingView Show, we’re joined by Craig Bewick, Senior Director of Client Development and Sales at CME Group. With nearly 30 years of experience in futures and options, Craig has a wealth of expertise, from risk management and technology at CBOT and CME to product development and client engagement.
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OTEUM EXPERT CALL: SP500 POTENTIAL INTRASESSION LONGWatching E-mini S&P 500 Futures (Mar 2025) for a potential long entry sub 6,040. Key value area intrasession marked—waiting for price to confirm before pulling the trigger. Targets set at TP1, TP2, and TP3, with a well-defined SL below structure. No entry yet, but it's on our radar! 🚀
#Trading #SP500 #Futures #OTEUM
ES Morning Update Feb 5thAfter a noisy start earlier in the week, ES has settled into a consolidation phase. Yesterday’s strategy was simple: as long as 6020 remained intact, 6066 was the target. The market surged to 6066, held throughout the session, and then retraced back to 6020 overnight.
As of now:
• A reclaim of 6037 should push the market toward 6056, with a brief dip along the way
• If this rebound holds, targets are set at 6076 and 6087+
• A leg down is expected only if the price falls below 6004
Uptrend ConsolidatingS&P 500 E-mini Futures (CME)
Date: February 4, 2025
Current Price: 6,020.25 USD
Summary
Trend: Sideways/Consolidating within an uptrend
Key Levels:
Support: 5,980-6,000 USD (Based on recent price action)
Resistance: 6,070-6,090 USD (Recent highs)
Indicators:
RSI: Neutral at 48.81
MACD: Approaching a bullish crossover (histogram bars decreasing, indicating weakening bearish momentum)
Volume: 251.14K (Moderate, but provides a clearer picture than the previous chart)
Trade Ideas
Range Trading:
Buy: Near 5,980-6,000 USD
Target: 6,070-6,090 USD
Stop-loss: Below 5,950 USD
Breakout Trading:
Bullish Breakout: Above 6,090 USD
Entry: After confirmation (strong volume, multiple closes above resistance)
Target: 6,150-6,200 USD (Based on potential extension of the recent move)
Stop-loss: Below 6,050 USD
Bearish Breakdown: Below 5,980 USD
Entry: After confirmation (strong volume, multiple closes below support)
Target: 5,900-5,850 USD (Based on potential support levels below)
Stop-loss: Above 6,000 USD
The S&P 500 E-mini Futures are consolidating within an established uptrend. The MACD is showing weakening bearish momentum, potentially leading to a bullish crossover. The volume data provides more confidence in potential trades. Range trading and breakout trades are viable options. Traders should monitor price action around key levels and manage risk appropriately.
ES Morning Update Feb 4thEven as tariff comments continue to drive the market relentlessly, the technical side of things in ES remains razor-sharp. Since Sunday’s open, the target was unmistakable: a gap fill in the 6056-66 range. We reached roughly 6066 by 6pm, filled the gap, and then sold.
As of now:
• The market is in a phase of complex chop between 6004 and 6066
• 6020 and the recovered 6004 are acting as support
• These supports keep 6036, 6058, and 6066+ in play
• If the price drops below 6004, initiate selling
Inside day is expectedAnd inside day in the S&P 500 daily chart is expected for Tuesday. This means that Tuesday's range will be basically inside of Monday's range. I think this type of structure will happen because the market is going to try to absorb what is the total picture so I don't look for a big move up or down without new information.