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Doubledistribution

Double Distribution Entry On SP500 [ESM24]LVN entry in-between double distribution of the SP500 . This entry has a 2.51 RR potential with just 10 point SL and 103 points TP. Trade will be executed on both ESM24 and MESM24. Most ideal place for and early exit or TP1 would be the top of the VRVP If trade fails and price gaps down through the Low volume area, then the next potential good entry will be around the POC of the lower distribution at 5285.25. If that fails as well, then the chance for a bigger dump down to the next LVN below goes up.
CME_MINI:MESM2024Long
by ExoProtocol
S&P 500 emini futures day trade ideas for Monday, May 16Although I do not have access to a Market Profile indicator on TradingView , I've shaded in the areas (on a 30 minute bar chart) where I see two separate distributions from Friday's double distribution trend day selloff. If the market opens Monday in the lower distribution, I would look to enter a day trade short if price rallies to the high of this balance and fails, re-entering the lower distribution below 2047.75 with a stop above 2049.25 (back inside the upper distribution). There is also a single print at 2051.25 and may be a more attractive spec short, as that level could be considered the "spike base" from Friday's earlier 3rd period low. Short targets would initially be Friday's low, and possibly to test last week's low at 2033.75. If that weekly low fails it opens up the possibility of trading down to 2026.00, which below that would stop the one time-framing higher on the monthly bar. If price opens Monday in Friday's upper distribution ideally I would look for a long entry if price trades down to 2047.75 with a small stop just back into that lower distribution, with initial profit target of 2058.75 - where mechanically two 30 minute periods sold off from (mechanical because it was Thursday's close). With declining NYSE volume Friday of 3.5 billion, Friday's selloff could be attributed more to weekly options expiration, and the market could be very short. With any trade monitor for continuation, and look out for a possible short covering rally.
CME_MINI:ES1!
by es-traders