ES NQ AND RTY QUICK UPDATE AND LEVELS TO PLAYLevels to watch on es nq and rty and whats ahead. Key levels of support and resistance explained
WSP1! trade ideas
ES! CHART TO WATCHES! CHART TO WATCH
Possible fake out break out
Possible intraday oversold bounce to just below .68 FIB zone
wedge lines formed confluence for bounce zone
ES NQ AND RTY FUTURES SHORTSIDE TARGTS AND RANG TO EXPECTQuick look at es nq and rty futures and what to expect
ES Morning UpdateIt’s been three days of trading within the 6120-6154 range in ES. Yesterday, I was watching for a test of 6129 with a final target at 6154 and a bonus at 6168. 6129 held precisely, and the market rallied to 6167.
As of now:
• Let the runners work—avoid overtrading
• 6145 is acting as weak support, keeping 6154, 6167, and 6185 in play
• If 6145 fails, expect a dip toward 6133, then 6123
MES!/ES1! Day Trade Plan for 02/19/25MES!/ES1! Day Trade Plan for 02/19/25
📈6150-6155
📉6120-6115
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.*
Why the Dow Jones might close its gap with S&P and NasdaqThe S&P 500 and Nasdaq have once again reached record high, leaving the Dow Jones for dust in its choppy consolidation. But I think we're now facing a relative shift in their performance, which could see the Dow lead the way and close its gap with its Wall Street Peers.
Matt Simpson, Market Analyst at City Index and Forex.com
ReCap from this morning!trade explanation going over why i had a bullish bias this morning. going over my loss of -$300 to a win of +$1,162 putting me at a profit of $866 for the morning.
Conservative movement to the upside is expectedAnother small conservative move to the upside in the S&P 500 is expected for Thursday with the close above 6175.
S&P Weekly chart analysis2-19-25 S&P Weekly chart
Jan 13 week, trap reversal. Two strong bars and pullback needs a 2nd leg up, in progress. Bears have NOTHING to sell. Bears had a chance with the Feb 3rd week, gapping down, but still closing bullish. Bulls will buy everything and pushing hard for targets above.
Still, price seems labored and days see bulls taking quick profits.
S&P Monthly chartLikely to form a period of consolidation, 2 more legs up followed by larger reversal. Monthly chart looking like a mature parabolic wedge.
ES NQ AND RTY FUTURES LOOK AT TODAY with TARGETSQuick look at ES NQ and RTY with full extension and dropside targets. Prio video from earlier today never uploaded.
Seeking a breakthrough within the fluctuation range.Using this indicator, Seeking a breakthrough within the fluctuation range.
ES Morning Update/Chart Sent Out Yesterday6120 continues to be a money magnet in ES. Yesterday’s approach was simple: the 6116-20 zone had to hold to keep 6138 and 6154+ in play. It held perfectly, and we ran to 6157—so just hold your runners.
As of now:
• We’re in a complex flag between 6129 and 6154
• 6129 must hold and rebound by 38 points to unlock targets at 45 and 54+
• If 6129 fails, expect a dip toward 6116, then 6109
Strength in NQ futuresHi Fellow traders
I'll be starting my regular post of my bias of the market. Using Futures market as a indication of potential strength and weakness of the market.
Bias will be bullish into the open on NasDdaq as you can see from the comparison of Nasdaq VS S&P that there is a bullish divergence between NQ and ES. which is in alignment with the higher time frame draw
Specifically Long Nasdaq > S&P
My prediction would be that market will open to push for higher high
Use RSI Like a GoldmanYou might be wondering, do the traders at Goldman Sachs use the Relative Strength Index (RSI)? The answer is, perhaps they do, and perhaps they don’t. However, based on my experience, I can confidently say that even the most seasoned and professional traders rely on RSI from time to time.
While it may not be their sole tool for decision-making, it’s often included in their broader strategy due to its effectiveness in identifying overbought or oversold conditions in the market. RSI is one of many technical indicators that can serve as a helpful signal in navigating market trends, and even the best traders find it useful on occasion.
When trading with technical indicators like the Relative Strength Index (RSI), having a clear and structured approach is crucial to maximizing its effectiveness. While RSI can be a powerful tool for identifying potential trend reversals, it’s essential to understand the right conditions and context in which to use it.
Below are some key principles and guidelines that can help you apply RSI more effectively in your trading strategy. Whether you’re a swing trader or a day trader, these tips can help you avoid common pitfalls and make more informed decisions in the market.
⚙️ Keep Settings Simple
Keep the RSI settings minimal to avoid confusion. Stick to the standard 14-period lookback, which is widely used and reliable for most market conditions.
📉📈 Ensure Divergence Occurs Outside of Key Levels
Divergence should only be considered when the RSI reaches extreme levels, typically above 70 (overbought) or below 30 (oversold). This helps to identify potential trend reversals. Divergence at neutral levels (like between 40–60) may not be as effective.
🔥 Base Divergence on Candle Closes, Not Wicks
Always look for divergence based on the closing price of candles. Divergence created by wick movements is unreliable and can lead to false signals. Stick to the body of the candle to ensure accuracy.
⏳ Watch the Lookback Period
The RSI’s default lookback period is 14, and divergence with a gap of more than 14 candles is generally less reliable. Wider gaps often signal weak price momentum and a higher chance of failure, so focus on shorter, more recent divergences for better results.
💧 Liquidity Must Be Taken Before Entering Trades
Liquidity is essential when confirming trade setups:
The first high or low should take out liquidity from higher time frames (such as range highs and lows).
The subsequent highs or lows should take out local liquidity, which can be identified by overbought or oversold RSI conditions. Ensure there’s a clear market structure shift before entering trades.
⏰ Timeframe Considerations for Different Trade Types
For swing trades, focus on longer timeframes like the 4-hour chart to capture larger market moves and trends.
For day trades, the 15-minute timeframe is ideal for capturing short-term price action and finer market details.
🔄 Use Divergences for Trend Reversals, in Confluence with Other Analysis
RSI divergence is best used to identify potential trend reversals. However, it should not be used in isolation. Always look for confluence with other technical analysis methods (such as support/resistance levels, moving averages, or candlestick patterns) to increase the reliability of the signal. Combining multiple tools enhances the accuracy of your trade setups.
Stay sharp, stay ahead, and let’s make those moves. Until next time, happy trading!
Absorption of the Fed minutes.Wednesday will give us insights into how the market absorbs the Fed minutes being released on Wednesday. The expectation is the market as a very good feel for what will be revealed and could maintain that upward movement seen in the market. The next objective that you'd want to see the market closing above is 6170.
AMP Futures - Tune bar replay with adjustable intervalsIn this video we will demonstrate how to adjust time intervals using Market replay.
Brief explanation of this mornings trade using Order Flow.A Brief explanation of my ES trade this morning using Order Flow and Foot print chart. I explained the foot print chart to my understanding so far using this method.
S&P 500 Futures - The stop hunt before the next move higher?Trading SPY, QQQ, or its futures counterparts had people checking their swing trades! A previous pivot point near the 0.382 level showed an area of piled up stop loss orders. With a glimpse of all time highs early in the morning a new measurement was required at the over night swing level. Price took the elevator down to grab the liquidity before moving higher? Or will this mark a reversal point for the S&P 500?
ES NQ AND RTY FUTURES QUICK OVERVIEW OF TODAY and LEVELS Areas of major interest from last nights and todays futures session. High probability levels to keep a close eye on for further developments.
ID: 2025 - 0052.18.2025
Trade #5 of 2025 executed. So simple, yet far from easy...
Trade entry at 178 DTE (days to expiration).
Trade construct is a PDS (put debit spread) at Delta 15 combined with a PCS (put credit spread) at Delta 15. Overlapping short strikes give it the "unbalanced" butterfly nomenclature.
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.
Happy Trading!
-kevin
MES!/ES1! Day Trade Plan for 02/18/25MES!/ES1! Day Trade Plan for 02/18/25
📈6170
📉6135
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 18thPatience paid off for buyers. Friday morning, longs were triggered off 6120 support in ES, forming a solid flag from 6120 to 6147. The breakout target at 6154 was hit around 2am unfortunately, so now it’s time to protect gains and let the runners ride if you have them. No new entries unless we get some dips first.
As of now:
• Next targets are 6168 and 6185-88
• 6138 is holding as support
• If the price dips back to 6120, prepare to sell below that level
