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MES1! trade ideas

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!
CME_MINI:ES1!
by JeffBoccaccio
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
CME_MINI:ES1!Long
by BradMatheny
2
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
CME_MINI:ES1!
by ESMorg
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.
CME_MINI:MES1!
by priceactiontds
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.
CME_MINI:ES1!Short
by AdvancedPlays
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.com
CME_MINI:ESZ2024Short
by LochielTrading
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.
CME_MINI:ES1!
by MarketIntel