ES UpdateLike I said over the weekend, the algos are definitely on, explains the whipsaw Fri and today. Everything is oversold so they had to pump it and try to get their money back.
Problem is, Trump is gonna announce 50% tariff on China tomorrow. CHina ain't backing down, not their style.
QUote:
"Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th."
Source:
www.cbsnews.com
Might have to short something tomorrow morning, lol.
ISP1! trade ideas
ES1! Open Gap AlertAll futures gaps will fill... but who knows when? We already had an open gap above.
This time around, virtually everything has an open gap. Gold futures have a small open gap, BTC futures have a big ass one, Nikkei, FDAX, the rest of Europe and Asia, oil, silver, and other commodities as well.
XLF will complete the H&S pattern tomorrow, so maybe we get a bounce Tuesday, who knows? Everything's oversold with open gaps, but there's farther to drop if the tariffs aren't reversed somehow. The GOPs in the House aren't ready to cross Trump, so it's up to negotiations or the court system. That's gonna take weeks or months.
Pay attention to the news. Unfortunately, I can't update during the day, and barely have time to read the news myself anyways. Good luck, sorry that I'm not more help.
Weekly Market Forecast: Short Term Buys, Then Sells! In this video, we will analyze the S&P 500, NASDAQ, AND DOW JONES Futures for the week of April 7 - 11th.
The Stock Market Indices may find support at current levels for a Bear Market Rally. Wait for the market structure shift to the upside before taking any buys. Let the market confirm it's intended direction first, then look for valid buy setups for a short term countertrend play.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
S&P 500 Futures Plunge: Bearish Dominance Unabated in MarketBearish/Bullish Trend Analysis
Trend Condition:
Bullish Trend Condition: 0
Bearish Trend Condition: 14
Analysis: The market remains strongly bearish as indicated by all 14 trend lines being red. There are no bullish trends present, suggesting persistent downward pressure.
Price Action and Momentum Zones
Closing Price and Change:
The S&P 500 E-mini Futures closed at 4,902.50, down by 194.25 points (-3.81%).
Daily Market Behavior:
Today's sharp decline is consistent with the ongoing bearish trend, with no signs of a reversal or slowdown in the selling momentum.
Momentum Zones:
The market is trending downwards sharply, breaking past previous support levels, which may now act as resistance on any potential rebounds.
Fibonacci Retracement Levels
Current Position Relative to Levels:
The index has fallen below the 50.00% Fibonacci retracement level and is approaching the 61.8% level.
Key Fibonacci Levels:
23.6% → 5,584.26
38.2% → 5,385.65
50.0% → 5,144.15
61.8% → 4,903.11
Interpretation:
The significant drop below the 50% level shows a robust continuation of the bearish trend, with the 61.80% level being the next critical marker to watch for potential support or further decline.
Overall Market Interpretation
The market's continued movement in a downward trajectory with all indicators pointing to a sustained bearish outlook suggests that investors remain cautious and are likely divesting, leading to the observed price declines.
Summary
Today’s significant downturn in the S&P 500 E-mini Futures highlights the ongoing bearish dominance in the market. With the index quickly approaching the 61.80% Fibonacci retracement level, it's crucial to watch for either a stabilization and potential buying opportunity or further declines if this level fails to hold. The lack of any bullish signals currently suggests that caution is warranted, and traders should prepare for possibly extended bearish conditions.
S&P - Will we follow 2020/2021?The S&P has been trading in a rising pattern for over 700 days, similar to the rising pattern observed in 2020 and 2021. In that instance, the price of the S&P broke below the support trendline and lost all SMA support, while also making a lower low. This has not occurred since the start of the current pattern. Could a deeper correction follow?
Blue line = 50-day MA
Red line = 100-day MA
Yellow line = 200-day MA
Analysis of the 2020/2021 Price Action
We can conclude the following five points:
1. The rising wedge lasted for nearly 700 days.
2. The price consistently made higher highs and higher lows.
3. The S&P found support on the SMAs and never broke below the 200-day MA.
4. After approximately 700 days, the S&P broke below the rising wedge, lost all key SMA support, and made a lower low.
5. During the retest of the rising wedge and key SMAs (which had turned into resistance), a bearish cross (50-day SMA below the 100-day SMA) occurred, leading to a downtrend.
How Does the 2020/2021 Price Action Correlate to 2023/2024?
We can conclude the following five points:
1. The rising wedge lasted for approximately 750 days.
2. The price continued making higher highs and higher lows.
3. The S&P found support on the SMAs and never broke below the 200-day SMA.
4. After around 750 days, the S&P broke below the rising wedge, lost all key SMA support, and made a lower low.
5. A bearish cross between the 50-day SMA and the 100-day SMA is currently forming.
When we overlay the bar pattern of the 2021 bearish price action onto the current chart, it suggests that a revisit to 4,750 is possible. This level is both a technical support and the point where the S&P started its downtrend in 2021.
Conclusion
Will the S&P follow the 2021 price action, resulting in a sustained downtrend, or will it reclaim all lost SMA levels and continue its uptrend? The price action suggests that there is a real possibility of weakness in the coming months.
Still Need Some Correction For S&P500 / ES Before Going UpAttention: Prices are read on the futures chart, so they might be different if you are reading on cash charts. But directions and realtionships, should be very similar.
I believe S&P is in a very volatile correction and it is a bit hard to read.
To me it looks like price completed a green (a) of the grey ((y)) wave with a failed 5th and started the green (b) wave with a very aggressive purple a wave.
I believe we are now finishing the blue a-b-c correction in a c-wave diagonal and I would like to see it go down to 5110 area in the green box, for the c wave to have room to develop into the yellow box in the 5530 area.
If price is heading above the 5630 area, I would start to look for another count, since this would mean the green (a)-(b)-(c) correction should have been a flat, and since the green (a) wave is not counted in three waves, this can't be correct.
Right now I would like price to go down to the 5110 area, then back up to the 5530, and then we start the last green (c) wave of the grey ((y)) correction.
And this green (c) wave has plenty of room. All the way down to 4176 before it invalidates the count.
After all this correction, happy days are starting again, where the 5th wave could be heading for the 6500 to 7000 area.
ID: 2025 - 0084.16.2025
Trade #8 of 2025 executed. So simple, yet far from easy...
Trade entry at 93 DTE (days to expiration).
The last few weeks have been quite challenging, mostly due to increase volatility (3rd highest expansion in history), as well as widening bid/ask spreads. This trade idea will dovetail with trade id: 006 to balance delta without incurring more slippage due to spreads. This trade will hold to expiration without any adjustments until the final 30 days of trade life.
Happy Trading!
-kevin
AT - Net ProbabilityThe AT Indicator also shows candle-by-candle the evolution of Net Probabilites —i.e., the difference between the probability of a Bullish trend and of a Bearish trend—. It usually helps the trader understand what the most likely direction is, and if the probability is gaining or losing momentum.
Futures Hold Firm—Is This the Floor for the S&P 500?Market Overview:
As inflation data continues to shape rate expectations and earnings season kicks off, traders are watching for signs of whether the recent selling pressure is fading or if volatility has more room to run. In today’s look at the S&P 500 Futures, we’ll break down trend conditions, price behavior, and the key Fibonacci levels that could play a role in where we go from here.
Bearish/Bullish Trend Analysis
Trend Condition:
Bullish Trends: 7
Bearish Trends: 7
Overview: The market is currently split, with 7 bullish and 7 bearish trend lines, reflecting indecision and a possible tug-of-war between buyers and sellers. This balanced trend condition suggests the market is in a potential transition phase rather than clearly trending in one direction.
Price Action and Momentum Zones
Current Price and Change:
Currently, the S&P 500 Futures are at 5,428.50, up by 32.75 points or +0.61%.
Market Behavior: This week’s gain is a modest move higher following a period of downside pressure. It could represent the start of a stabilization attempt, though stronger confirmation is still needed.
Momentum Zones:
The index is holding above the deeper momentum zones, testing resistance near the top of the current bearish swing range. It’s attempting a rebound, but within the broader mixed trend structure.
Fib Retracement Levels
Current Position Relative to Levels:
The current price levels are just above the 38.2% Fibonacci retracement level.
Key Fibonacci Levels:
23.6% → 5,537.68
38.2% → 5,148.66
50.0% → 4,834.25
61.8% → 4,519.84
Analysis: Remaining above the 38.2% retracement level is important. This level often acts as a support zone in a broader uptrend, especially during corrective pullbacks. If price can stay above this level, it would suggest some stabilization is taking place and may invite more bullish momentum.
Overall Market Interpretation
The current positive movement doesn’t drastically change the mixed market picture. The market is still in a state of indecision, with neither bulls nor bears clearly in control. Holding above the 38.2% Fibonacci level, however, could be an early sign of strength and a possible short-term pivot higher.
Summary
The S&P 500 Futures are showing moderate strength to start the week, though the broader sentiment remains mixed. The move back above the 38.2% Fibonacci level is a key development, acting as support in what may become a base for recovery. It’s still too early to call a reversal, but this level will be important to watch as traders gauge whether the market can firm up or continue to drift lower.
Weekly Market Forecast: Stocks Markets Could Push Higher!In this video, we will analyze the S&P 500, NASDAQ, and DOW JONES futures for the week of April 14-18th.
The Stock Market Indices ended a turbulent week on a bullish note, and next week could see some continuation. The markets have peeked above the consolidation, and could be on the way to resume the overall bullish trend.
Wait for confirmations of the trend before jumping in! One bad report of tariffs or geo-political news can turn the markets down at any time.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
## ES (S&P 500) Futures Analysis
### **Current Situation**
1. **Price**: The ES futures contract (ESM2025) is currently at 5,391.25, up +89.25 (+1.68%) today.
2. **EMA**:
- EMA 5,749.80 is above the current price, indicating potential resistance.
- EMA 5,639.12 is also above the current price.
3. **RSI**: The Relative Strength Index is at 43.96, suggesting the market is neither overbought nor oversold.
### **Technical Analysis**
#### **Elliott Wave Theory**
- The chart suggests the completion of a 5-wave upward move, labeled (1) through (5).
- Currently, it seems the market might be undergoing a corrective phase.
#### **EMA Analysis**
- **EMA 5,749.80**: This EMA level might act as significant resistance.
- **EMA 5,639.12**: Like the other EMA, it presents resistance.
#### **RSI Divergence**
- The chart marks "Bear" zones. The RSI reading of 43.96 doesn't confirm oversold conditions, but it's approaching that area.
### **Recommendations for Traders**
1. **Short-Term Strategy**:
- Watch for resistance around the 5,640 level (EMA 5,639.12). A failure to break above this level could signal a continuation of the downward correction.
- If the price breaks above 5,640, it could test the higher EMA around 5,750.
2. **Medium-Term Strategy**:
- Be cautious about the potential for a deeper correction following the completion of the 5-wave pattern.
- Key support levels to watch include prior wave 4.
3. **Levels to Watch**:
- Resistance: 5,639.12 and 5,749.80.
- Support: Prior wave 4.
### **Conclusion**
The ES futures appear to be in a corrective phase after completing an upward 5-wave pattern. Traders should watch key resistance levels and be aware of the potential for further downside. A break above the EMAs could signal a continuation of the uptrend.
---
Answer from Perplexity: www.perplexity.ai
BIG BIG weekI think 7 FED speakers,
A lot of tension in the markets, tops mean polarisation, considering reflexivity theory extreme volatility will ensue.
A lot of people might think the -0.786 ATH we got before the holidays is the top. I think they are mistaken as seen in the analysis below.
There is still legroom for higher, this is a big bet on my part.
I have a few contracts on the mag7 (GOOGL, TSLA and META) focusing on GOOGL since they seem to be in the same headwind as S&P
Let's see how this plays out
ES 3hr UpdateNot sure if I will have time to post an update tomorrow morning, futures are red, RSI looks like it's headed to oversold, foreign investors are ditching US assets, nobody trusts Trump. Index futures, stocks, bonds, and the US dollar all selling off.
With Trump gaming the market, it's easy to get whipsawed into a loss. Get caught holding puts when "news" comes out, and you're toast. I'm expecting "news" because of the bond selloff, Trump is rate sensitive because of his real estate interests.
I plan on buying gold if the US dollar loses support. See my gold posts. It's the only high confidence play I could come up with. If you like to leverage with options, you can do GLD calls, UUP puts, UDN calls, or bet on Euros, Swiss francs, or yen.
MES1! - Micro E - Mini S&P 500 Futures (Liquidity Grab Zone)Here I have the S&P Micro Futures showing consolidation in a tight range with about a 200 point spread to trade in. I have created this box to warn traders especially novice traders that this is a dangerous trade zone meant to grab liquidity (take your money). I would highly suggest to sit on your hands and wait for the price action to move out of the Liquidity Grab Box with a confirmed candle body close above or below the zone, at least 30 - 60 mins and with volume before taking a trade.
It seems that this consolidation is setting up for the next drop lower or higher depending on the tariff/trade war data we receive. Good Luck to all, preserve your capital and let the setups come to you, don't chase the price action, it will lead you into a trap.