Steady as she goesThe preparation of the S&P 500 market price structure implies a steady environment getting ready for the CPI number on Wednesday.
MES1! trade ideas
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
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 :)
CPI Preview - ES NQ VXA review of this week's action so far and my thoughts on direction moving forward after CPI tomorrow. I'm seeing a lot of stocks right on the edge of some critical support/resistance levels so I'm expecting a bigger move once we break this week's range.
OHLC Statistical Mapping ShortThe simplest mode when bearish:
-Manipulation is my entry and SL above violation point.
- Distribution is my target.
Is it hard?
sept 9 NY AM silver bulletSept. 9th NY AM Session
ICT 2022 Silver bullet
Price displaced down at 10 am breaking structure.
Retraced to FVD@ 11:15
Delivered 30 plus points at 12 pm
expecting continuation to takeout prev. Low.
My $SPX forecast for now...I still see SPX going to 6000 before heading down in 2025
1. We gotta finish presidential election before heading down
2. We're still not that bad off
3. We're currently seeing bears getting greedy, not bulls getting fearful, bigtime signal for me that we're not gonna crash on the small dump we're having at the moment
Bigger Timeframe Symmetrical pattern First trade after taking a long break so i may be rusty or not. My bigger trade will be this Symmetrical triangle on the daily timeframe. Here I believe that we are in the last part of the wave or the second to last. Mind you this is on ES.
ES - There is a possibility of ES going lower before heading UPThere is a possibility of ES going lower before heading up!!!
ES/SPX Level and Targets sept. 10thOn Sunday, buyers reclaiming 5414 triggered longs and kicked off a small relief rally for ES, which is still going. My targets were 5478 and 5492, and we’ve already hit 5491 twice. Now, we’re chopping around.
As of now: Expecting chop between 5491-5458 with 5473 as the midpivot. Holding above keeps 5492, 5502, and 5511+ in play. If 5458 breaks, looking for a dip to 5440.
ES Overnight Price action REview 9-10-24Going over the Overnight SEssion Price Action ES looking for clues as to what the market is telling us. putting together a plan how to trade the day. always manage risk look for A+ setups and Execute! Execute! Execute!
SPX. High Leverage Scalp Opportunity. Trend exhaustedAs price moves in one direction, volume increases until the trend is about 80% complete. Then price will still move in the same direction while volume dips down to show exhaustion
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.
Rest dayAfter Monday's rally in the S&P 500, the expectation is that Tuesday will be a rest day as the market prepares for data coming out the rest of the week.
ES - Possibly heading higherPossibly another late day moves.. I am not participating at this time of the day, but looks like it's winding up to go higher without me!!!
There might be a stopping point for tomorrow around 5560-5570 level, before heading higher to 5650 !!
Fractal Consolidations as great confluationPrice swept Equal Lows which were LRLR and I target M15 FVG simple setup.
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.
ES levels and targets sept. 9thSellers were in control all day Friday in ES, and i mentioned that the selling wont stop until a resistance reclaims . At 4:30PM, we got one last sell from 5414 to 5393, but reclaimed 5414 last night and now longs are up +40 points from that point
As of now: Ride runners if you have them. 5439-42 is support. Holding that keeps 5474-78 and 5492 in play. If we dip below 5439, I’m watching for a move back to 5414.
S&P 9.9.2024 LONGThis is the trade I took last night and I scaled in. Scaled out and have a runner on.
ES Price action REview from Sunday NIght Open 9-9-24Going over the Overnight Price Action looking for clues as to how the market wants to trade and putting a plan together for the morning session.
SPX Price Projections for Monday | Sep 9Friday's PA Review and Price projection's results
Monday's Price Projections and market analysis
SP:SPX NYSE:ES SEED_ALEXDRAYM_SHORTINTEREST2:NQ
SP500**SP500:**
This week, the price is expected to rise to the key level at 5642.00 for a trend reversal.
