AmpedTrading

AmpedTrading

SPX is now at a key level of prior resistance. Will it be as simple as prior resistance turns into support for SPX? This is definitely an area to watch.

AmpedTrading

NQ - Daily - 14350 This is supply and demand to the tee on the NQ daily. You can see 4 days of resistance before price gapped up 580 points before pulling back. We are now retesting this area. After a demand that large, we are bound to see some sort of interest in buying within this area (theoretically). If we are to bounce on NQ, this is likely the area we'd...

AmpedTrading

It's hard to pick a direction lately, but this 4 hour bear flag into prior support just screams bearish. Will it be a trap though?

AmpedTrading

ES has shown great strength lately. We've had a bull flag break, retest of that full flag, into more demand. I think we'll see a measured move.

AmpedTrading

Hmmmm. This doesn't look too good for ES if I'm being honest. I am currently short as of this morning.

AmpedTrading

ES Hourly Analysis - Bull Flagging into 4400 Price action was quite choppy today and was hard to read. When that happens, it's best to just step away and let price paint a picture for you over a period of time until the direction is clear. That is exactly what ES has started to do. On the 2-5 minute chart this looks like a mess, on the hourly, it's painted a...

AmpedTrading

QQQ and the market have had a really good rally this morning, but right into some supply levels. IMO, this is a good spot to short for a gap fill.

AmpedTrading

Looking for the SPY bull flag to gap fill this week.

AmpedTrading

ES Hourly - Simple Analysis. To keep it as simple as possible: 4365 is a key level as clearly depicted. While we are below it, there is bearish sentiment. Above it, bullish. ~4345 is a one hour demand zone because this is where price was able to fill the gap, while also having a strong push above a previous high and breaking above prior resistance. Price has...

AmpedTrading

NQ Daily Analysis - Break and Retest of the 15050-14680 10-Day Range I usually don't look at NQ as my primary focus is ES, but scrolling through my watchlist I stumbled across the old depiction I made of NQ trading in a range, and now we are here backtesting it. Could we be setting up for a break and retest or will this be a failed breakout and we start trading...

AmpedTrading

Quick ES Daily Analysis - Bullish/Neutral - Building 4 Hour Bull Flag into a Break and Retest Thursday & Friday we saw a nice rejection off of 4430's backtest. Now we are at a recent break and retest level of 4340-4350 that was resistance for about 3 days from 28 Sep - 02 Oct. I'd say if we want to see more upside, this is where bulls need to hold in order to...

AmpedTrading

ES Hourly ES has shown strength by holding 4300 and: 1. Filling the gap 2. Breaking previous highs From here if we want to continue the strong momentum we would need to 4345 area hold. If we can't hold there then another test of 4315-4300 could be at play.

AmpedTrading

SPY has setup a nice break and retest. Keep an eye on this 420 level.

AmpedTrading

Two important levels for ES this week. 4300 and 4350. On the hourly chart the downtrend is still at play, but we have put in two higher highs, and three higher lows, which could be indicating a trend reversal to the upside. But taking any long position into 4350 is extremely risky, until we can clear it. Also pictured is ES's 10k tick chart, which typically is a...

AmpedTrading

All in all, the goal is the keep trading as simple as possible. Here is a blueprint on basic levels to look out for, and the respective profit targets.

AmpedTrading

Could we be seeing a bullish pattern forming on QQQ?

AmpedTrading

TSLA put in an amazing daily candle today which might trigger some more demand this week and next.

AmpedTrading

Hourly analysis - Start of trend continuation? For the first time since 15 Sept - ES has broken above an hourly supply level and swing high while also defending 4335's breakout level. This could very well be a trap or the start of a relief rally/continuation of the 11-month uptrend. Levels to watch: 4420: This was ES's support 4-5 times before breaking down to...