Enthusiastic closeThe clothes in the S&P 500 on Friday was enthusiastic. This close implies that people are willing to go home long this market going into the weekend. It also represents confidence and the expectation of further movement to the upside. The next objective to the upside is 5825.02:15by DanGramza3
OHLC Statistical Mapping LongLong scenarion where opposing manipulation turns support Entry: -Manipulation Stop-Loss: +Manipulation Take Profit: +Distributionby Keclikk2
How To Adjust Your Fibonacci Levels Part 2Hey Traders so today I wanted to continue going over how to adjust your Fibonacci Levels into your trading style without the need for indicators. I will go over some theory and examples and how it can benefit you in your trading. Enjoy! Trade Well, CliffordEducation14:31by TradeTheIndex3327
20241004 ESIn alignment with HTF analysis. I anticiapte more upside with d bs raid as my +DOL. There is possible downside correction on the way to the target. I would like to see the HOD around the 2pm.Longby Yoo_Cool0
ES Range Expectations on the Oct Non-Farm Payrolls ReleaseToday we're again looking at ES e-mini futures for an expectation of the amount of range we could do on this Non-Farm Payrolls data release. We take a look at both the upside and downside to get a view on where the boundaries of normality would be to aid us in framing intraday trades. Yesterday's PPI Inflation data gave us a large grinding day as we reverse some of those moves from the recent volatility. Lets see where we end up!01:45by JeffBoccaccio0
ES targets Oct 4th // NFP at 8:30All week, only one level really mattered in ES: 5740, which has tested or trapped below 13 times now. I was looking for another rally to 5754, 5763+, and we’ve hit those levels. As of now: NFP at 8:30. Protect gains. 5744/5734 must hold on any NFP dips to keep 5782 and 5805 in play. If 5734 fails, 5721 and 5702 next down by ESMorg1
RTH & Overnight Price Action Review 10-3-24going over price action looking for clues as to what the market wants to do NFP today size down save mental capital for the weekend.02:43by BobbyS8130
The Downfall Of Ryans World?Ryan: I think everyones being a little silly 🙂 🐻: ... 🥤 Ryan: We are going to all time highs 🙂 🐻: Drink this Ryan... 🥤 Ryan: Gulp.... 😪 ehhhhh.... 🐻: Yessssssss..... drink up now... there you go Ryan: 😴Shortby alcoholic-semen-thrower1
Setting itself upThe S&P 500 was setting itself up on Thursday for fundamentals be released on Friday. Buyers for the last three days came in at the trading session lows. The issue now will be to the buyers have an excuse to maintain positions going into the weekend and that is what I'm looking for in tomorrow session.03:15by DanGramza2
Average Range Levels Short Setup TutorialWhen you expect lower prices you usually seek 1/3ADR+ and targeting opposing 1/3ADR- Stop-Loss above protected high. simple isn't it?Educationby Keclikk1
ES Setting Up Excess Phase Peak Pattern - Stay Cautious Today.This price volatility has setup some very interesting price patterns on the chart. Particularly multiple Excess Phase Peak patterns on the ES chart. My analysis suggests the ES must attempt to find support above the 5738 level, otherwise the ES (and NQ) will likely attempt to move downward into the #3, #4 and #5 stages of the Excess Phase Peak pattern. This short video highlights how to use the Excess Phase Peak Patterns for your trading. Stay cautious today. Price is very volatile and it is likely that we are seeing capital react to external news (again). Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold Long16:45by BradMatheny220
ES Levels and targets Oct. 3rdThis week has pretty much revolved around one key level in ES: 5740, which has trapped shorts multiple times now. Yesterday, we saw a huge failed breakdown there. Targets were 5754 (hit), 5763 (hit), and 5773 (hit). We just had another failed breakdown at 7 AM this morning, pushing us up right back to the first target 5754 again and here now As of now: No change—as long as buyers keep 5740-42 holding on dips, 5763, 5773, and 5780+ are still in play. If 5740 fails, 5729-27 and 5712 next down by ESMorg1
Overnight + 10-2 RTH ES Price Review Going over the overnight and yesterdays RTH price ACtion ES looking for clues the market left us and planning for the morning session. NFP tomorrow. 03:37by BobbyS8130
BouncyOver the last two sessions at the lows in the S&P 500 buyers came into the market. The challenge is for these buyers to have an excuse to drive the market higher. The expectation is not a large move on Thursday but rather a market positioning itself for the payroll numbers on Friday.03:55by DanGramza4
ES levels and targets oct 2ndShorts were triggered in ES yesterday morning. The fail of 5777 was the signal with a target of around 5740. We lost 5777, sold off to 5740, backtested 5777, and sold again. Bears are in control for now until that 5777-82 area is reclaimed. As of now: 5738 is support and the last chance for a bounce (targets at 5763, 5778). If 5739 fails, 5729 and 5711 is next down.by ESMorg1
ES RTH OVernight Price action REview 10-2-24Going over Yesterdays RTH ES and overnight ES price Action reflecting on how we could have traded better yesterday and the trading plan for today and what the overnight session was telling us. 06:48by BobbyS8130
Combined US Index - Bullish flip overdone. Retracement now... As previously marked out, the bullish flip was done, and is pretty overdone. Yesterday's close sealed it for a retracement, and technicals (MACD and VolDiv) support that view. should be seeing a downdraft to the last low visit (yellow ellipse). Possible stall at blue ellipse, but look for further breakdown. Exceeding the last low to close below is Bearish. Let us see... Shortby Auguraltrader0
UncertaintyThe structure in the S&P 500 implies uncertainty about market direction. It is approaching levels that we found buyers in the past. So, if you're on the short side of this market be careful here and you want confirmation to the downside on Tuesday with a weaker close.02:02by DanGramza1134
2024-10-01 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr Indexes - Bears tried and sold off for decent points but the close was not bearish enough to hurt the bulls or make them nervous. Bears are only able to get spike selling going but no or bad follow through. Neutral going into tomorrow since most daily bear bars have big tails below them. Bulls are still in BTFD mode and we could easily test the highs again. sp500 e-mini futures bear case: Bears Need a lower low below the previous daily bar. Once they start getting that and make the market go sideways instead of up, they can start talking. Good for them is, that we barely move higher but we sure as shit are not moving lower either. Once bulls stop buying the highs, a decent pullback can easily get us to the daily ema down to 5730. From my weekly update comment: I promised an early breakout this week and we got one. Bears sold off decently today but the close was not strong enough. We almost touched the daily 20ema at 5725 and it’s more likely it will produce another pullback than breaking on the first or second try after such a strong rally the past 3 weeks. current market cycle: trading range (bull wedge - minor bull wedge broke and we have the bigger one left) key levels: 5700 - 5800 bull case : Bulls want to keep the market two sided and stay above 5700. They are still in BTFD mode and happily bought the first touch of the daily 20ema for 3 weeks. Their next target is to trade above the sell spike at 5815 because most bears will have their stop around that area. Invalidation is below 5700. bear case: Bears either keep it below 5780 or many will give up and will only try around 5800 again. The 50% pullback from today is around 5772 and bears stepped in again around that price. If bears can keep the 1h 20ema resistance, it would help their case a lot but they only have confirmation below 5733 and today they only got rejected big time below 5750. The selling was certainly strong enough to expect a second leg and a measured move could get us to 5670ish and near the lower bull wedge trend line. Invalidation is above 5785. short term: Neutral for now. I hope for a second leg but the 1h bars today were not good for the bears. 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: Nope trade of the day: US open was almost the high tick of the day. Happens not that often. Selling around the open was strong enough but most of the time you get an opening reversal. So overall very trick to sell this today while the spike was happening. Buying 5740 was profitable 4 times and the easier trade. by priceactiontds0
OHLC Statistical Mapping Bread & Butter Short ModelWhen BEARISH Entry: -Manipulation Stop-Loss: Above +Distribution Take Profit: -Distribution When price hits +Manipulation go breakeven.by Keclikk1
Top 5 Weekly Trade Ideas #1 - ES Ascending Wedge BreakES has been forming an ascending wedge for about 2 weeks and it closed below last week. I wouldn't say it's a confirmed break yet, we'll have to see where we're at tomorrow morning, but if it remains below I'd be looking for shorts targeting ~5730 and then demand near 5700. This is a shorter term pattern, but it may be good for 50 points or more. If ES has reclaimed this trendline by open tomorrow I'd consider it invalid. If we stay below, the ideal entry would be right on the trendline retest with a stop above, but it may not work out that well so I like puts with a few weeks of time to ride this down to 5700 as long as it never reclaims 5800 or the wedge.Shortby AdvancedPlaysUpdated 1
ES (SP500) OCTOBER TARGET AND BIASI’m looking for some downside on ES. Ideally looking for shorts to setup within the context and framework of the models I use to engage with price. The first target and thesis I have provided below. Divergence at the highs leading into a new month. Of course this is a counter tide trade where by ultimately NQ is lagging ES and YM so the safer bet is always to predict NQ is to re-align and thus trader higher. But for now I like the Risk:Reward in speculating from a technical perspective a move lower is on the table for ES. Area to trade through is the Green zone highlighted where I would not be surprised to see it respected for a short period of time and where buys will seek to try regain September open just above. See the following link for a better for view of my analysis idea. open.substack.comShortby LochielTrading1
S&P500: Upward Potential!We still give the S&P more room and time to complete its turquoise wave B, which should primarily peak below the resistance at 5946 points. If the index breaches this level, we will have to assume that the larger green wave alt.(4) has already bottomed out. We consider this alternative scenario 38% likely. However, we primarily expect the S&P to fall into our green Target Zone (coordinates: 5110 – 4921 points) after reaching the upcoming top of wave B. This range is where the regular green wave (4) should be completed. Thereafter, we expect the upward movement to continue, with wave (5) finally breaking above 5946 points. by MarketIntel1