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ISP1! trade ideas

ES and possible juncture pointsES is making a a recovery upwards with the bulls entering at the halfback. Now ES could be setting up for a bear trap. At 5532 it hits yearly R2 pivot which coincides with a 50% retracement upwards from the low. At that point be alert to some consolidation and then a second move down from that point. The alternate scenario is that it will consolidate and resume an upward movement towards the swing high. Odds favour this scenario not happen because it doesn't fit the seasonal pattern and more objectively, on balance volume is heading lower, pointing to price weakness.
CME_MINI:ES1!
by patricktapper
ES outlook with CPI report on WEDCME_MINI:ES1! The price outlook for week of CPI High lights: - Long term uptrend is still active - Uptrend retracement from last week bounces Fib 0.5 due to divergence on 1H time frame - Short term down trend retraces and stopped around fib 0.38 area before CPI report on Wed Depending on the CPI report following scenarios may in play Bullish case: Price keep retraces upward to hit following levels PT1 5532 PT2 5562 PT3 5600 Bearish case: Price pushes downward for 3rd leg to hit fib golden zone area PT1 5400 PT2 5370 PT3 5330
CME_MINI:ES1!
by MoneyJumper
mini Futures - Even FlowI thought this was a pretty chart. Look at that flow into a big CPI announcement lol...that's perfect! MMkr's did their job the world over. Tokyo split it, London split it, US split it. Time for someone to make a move...;) I think the nations that haven't reduced interest rates yet are going to see their markets pop the best. I also think Japan's Nikkei is going to fare very well with the decisions over there. Well done. This is an Even Flow. Now go listen to some Pearl Jam or something before the debate :)
CME_MINI:ES1!
by Mr_Robbers
ES Potential Inverse Head & ShouldersI've obviously been bearish lately and most of my ideas are for shorting. I don't do this on purpose, it's just what I see right now. Here's a bullish angle, ES may have bottomed there at 5400 while creating a right shoulder before a bigger leg up. It's also possible we see the real right shoulder be put in later on, because it would be a lot cleaner if the shoulders lined up evenly. However, it's common to have a slanted pattern like this one, so the neckline could be important support/resistance as well.
CME_MINI:ES1!Long
by AdvancedPlays
2024-09-09 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Green across the board. On the daily charts it’s mostly a small to normal bullish inside bar, so nothing to get excited about yet for the bulls. Tomorrow will be very important for the bears. If they fail to test the lows again or stop the pullback, many bears could give up and let the bulls test the highs again. In my weekly outlook I wrote that the 4h ema is currently the most important one and almost all markets respected it and closed below. Will look for early weakness and want to short for retest of the Friday lows. sp500 e-mini futures comment: Triangle is valid so far. Big red box is the open bear gap on the daily chart. 5500 would be a very good place for the bears to step in and make it resistance. I expect 5462 to be tested tomorrow and hopefully 5400 also. Odds favor the bears as long as we stay below 5540. current market cycle: trading range - if we drop below 5390, we are in a bear trend inside the big trading range. key levels: 5400 -5540 bull case: Bulls had a decent pullback today but it was still an inside bar. They need follow through and prices above 5540 to make more bears cover their shorts. Bulls had 3 good legs up today but bears were equally strong. Most of the move upwards was during the Globex session. Until bulls break strongly above 5500, they don’t have many arguments on their side. Invalidation is below 5460. bear case: Bears sold the rips today and kept the market mostly in balance around the open price 5462. They need to step in to keep the market below the current bear trend line and the 4h ema. Since we have formed a triangle, market is in balance between 5450-5500. The higher time frames support the bears for a second leg down. For tomorrow I expect the triangle to continue some more until we get a breakout and odds favor the bears. I think 5500 is a decent place to short with SL 5540 or 5560. Invalidation is above 5540. short term: Bearish as long as we stay below 5540. I want at least a retest of the lows 5400 but I hope for a bigger second leg down to 5000/5100. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Not yet. Will watch tomorrow’s price action and short on weakness. trade of the day: Longing 5450 was good all day and shorting above 5480. Looks way easier on the 15m tf than it was. Almost always is.
CME_MINI:MES1!
by priceactiontds