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Emini

#ES 06.30.22 Daily Overview with Levels to WatchYday we had a balanced day between our supply above 3853-3847 and our buyers in the Gap area and Key Support at 3809.50-3805.25. We had a seller above 3840 all day and we could get past that 40 wall even with all the buying which tells us someone was selling filling orders into all the buying. Globex we broke the Key Support and saw that inventory leak out down to our next Key Level which we wanted to see yesterday at 3764.75-3760.50, We currently found support here but as I mentioned yesterday there is not a lot of support below and if this does break today and we accept then I will have my eyes on lower Key Levels at 3714.75-3709.75 and always possible to reach 3671.75-3665.75 if enough order flow. It is last day of the Month a day before 3 day Holiday weekend so no one wants to put a lot of risk on these last two days and a lot might want to try and get out of their positions. Anything can happen on Month end so we watch levels to break and continuation. Currently our Globex inventory is short from yesterdays close, we are under T+2 and previous day lows which can give us margin calls. At the open we will want to see if we will get any correction to the ON Inventory or if we will get a trend continuation right away. We have Core PCE at 830 we are waiting for now, lets see how we open. --- On The Downside: Holding below 3809.50-3805.25 is continued sign of weakness, if we fail get over 3780.50-3776.75 and come back down to break/accept under Key Support of 3764.75-3760.50 that can give us a test of 3747.50-3744.75, 3728.75-3725.25, Key Level of 3714.75-3709.75 where we can see some buying but if going down and break it then we can see continuation lower towards 3698.50-3695.50, 3686.75-3683.75 and Key Level of 3671.75-3665.75 --- On The Upside: Holding above Key Level of 3764.75-3760.50 can give us a correction to the upside towards 3780.50-3776.75 and maybe 3791.75-3787.75 these would be important areas to watch for continuation higher but in order to get a upside confirm and get any real continuation higher we would have to get through and accept over 3809.50-3805.25 *** Levels to Watch: 3791.75-3787.75 // 3780.50-3776.75 // 3764.75-3760.50 // 3714.75-3709.75 // 3698.50-3695.50
CME_MINI:ES1!
by HollowMn
#ES 06.28.22 Overview with Levels to WatchYday we had a balanced RTH between Globex inventory over our Key Level of 3931.75-3927.25 and short position below our Key Level 3892.25-3887.25. Last night in Globex we tested Key Support and it held giving us rotation back up to 3931.75-3927.25 but this morning so far we have failed to get over it and accept, currently that inventory is coming out and we want to see where we open but for now we are back in under T+2 high area and holding under is our first sign of weakness and could give us a test of at least T2 half back area around 3875 which is where we also have buyers in those single prints below it. If we failed to hold under T2 High area that will be our sign that we might not have supply for that, have to watch and see what we do. --- On The Downside: Holding under T+2 High area and Key Level 3931.75-3927.25 is our sign of weakness and can give a test of 3914.75-3910.75, 3901.25-3898 Key Level at 3892.25-3887.25 and Possibly T2 half back area at 3878.75-3874.75. We do expect to see buying around there if we do get there and this would be the spot to watch for continuation lower or failure. If we do break and accept under then we have 3866.75-3663.25 Key Level at 3853.25-3847.25 and T+2 low area around 3839-3835.50 --- On The Upside: Failure to extend lower and reach Key Level at 3892.25-3887.25 or reach and fail to take out can give us a push back up towards T+2 High area which would be the spot we need to get over and hold today in order to get continuation higher, if we can do that then we have Key Level at 3931.75-3927.25 if we take it can see 3944.25-3940.25, 3957.25-3953.25 up to next Key Level of 3976.50-3971.50 *** Levels to Watch: 3931.75-3927.25 // 3914.75-3910.75 // 3892.25-3887.25 // 3878.75-3874.75
CME_MINI:ES1!
by HollowMn
#ES 06.27.22 Overview with Levels to WatchFriday morning RTH opened up and right away drove over the Globex inventory and a level to watch of 3839-3835.50, inventory was long and we got no correction that told us the strength for the day, we drove straight to next Key Level of 3892.25-3887.25 Where we found some resistance which was right at the Gap area where we expected to have supply, we consolidated for some time and got an afternoon drive to fill the Gap and tested higher levels. Last night Globex failed to break our 3901.25-3898 level and come down to test Key Level of 3892.25-3887.25 which told us we did not have supply for that yet. After the London open we were able to drive the inventory over the next Key Level and have been selling it over since. Question today is will we get continuation of strength and test of higher levels or will we come back in and test the lower break out areas. Globex inventory right now is mostly long over Friday close and looks like correcting, we have Durable Goods at 8:30am and will have to see where we will open today. --- On The Upside: Holding above Previous Day high and over our 3914.75-3910.75 level is a sign of stability and can give us another attempt at Key Level of 3931.75-3927.25 (that is we get a correction under it) if not that can give us even more strength to push higher, if we accept over this Key Level then our upper targets will be 3944.25-3940.25 , 3957.25-3953.25 and next Key Level of 3976.50-3971.50 which we will have to monitor for any continuation higher. It is month end and good saying is don't short month end so lets see if we get some continuation this week week or not. --- On The Downside: If we get under Key Level of 3931.75-3927.25 we have Previous Day high area and a level of 3914.75-3910.75 which we will need to watch for signs of continuation lower, if we do accept in Previous Day Range then we can see 3901.25-3898 and Key Level of 3892.25-3887.25, for the buying from Friday to stick we would ideally see it hold that level IF we get there, if it gets taken out and we accept under then we will monitor for continuation lower but for now we are over T+2 High and Previous Day High which does not give us much confidence for shorts but in this market anything can happen so we watch it level to level. *** Key Levels to Watch: 3931.75-3927.25 // 3914.75-3910.75 // 3892.25-3887.25 -- 3957.25-3953.25 // 3976.50-3971.50
CME_MINI:ES1!
by HollowMn
#ES 06.24.22 Overview with Levels to WatchYday at the open we failed to accept over T+2 High area and got a move down from there towards Key Support at 3764.75-3760.50 which was one of the important levels to watch and I thought if we break it then we should see it head lower and possible even head for the lows from last week but T+2 low was an important area to watch under Key Support in order to get continuation lower which was also the spot from our Globex inventory position or size traders cost basis. When we failed to fully break 3747.50-3744.25 level that was my first warning sign that supply is running out because other wise we would have broken it on the first or at least the second push from 65-60 area but we did not have the supply to do that. Once we got back over 3764.75-3760.50 that meant we accepted back in that range and our target was next Key Resistance which also lined up with Previous Day High Area around 3809.50-3805.25 which is where we found some sellers when we got there at the end of the day and we closed for a balanced day within Previous Days range as was one of the options yesterday if we dont break Highs/Lows. Globex we failed to go lower, looks like collected the rest of supply from above 3791.75-3787.75 and were able to push the price over our next Key Resistance and into the next range. Today that area will be key to watch, Globex inventory is 100% long right now and we were above VWAP all night selling, at the open we will be looking to see if we get any correction towards the VWAP and possibly under to test that 3809.50-3805.25 area, our position is below it and this is where we want to hold for rotation back up. Or if we will fail at that level and accept under but for continuation lower we need to break it and start taking out lower levels. Looks like we will be opening on a Gap and over T2/Previous Day highs so I will be careful on the downside unless key levels break. -- On the Upside: Holding above 3791.75-3787.75 which is a our Globex support is a sign of strength, if we get a correction from the open towards Key Level of 3809.50-3805.25 then this is the area to watch it will be our Previous Day High/T+2 High, inability to get there or get there but consolidate at it without breaking in and accepting will our tell on how much supply we have above, it should be mostly the buyers from globex that will need to come out. Holding Key Level can give us a test of 3825.50-3820.25, 3839-3835.50, and next Key Level at 3853.25-3847.25 that is a good area to find more resistance today or might get a push higher towards 3866.75-3863.25 but I will be cautious on continuation beyond that unless we get big order flow that will push us of course. -- On the Downside: Holding below 3839-3835.50 can give us a push lower to correct inventory towards 3825.50-3820.25 and possibly 3809.50-3805.25 this is an area we will be watching for buyers to step in unless we break it with volume and keep going lower but will not get a further downside confirm until 3791.75-3787.75 breaks, that is the area where size traders put together their position. watching how price behaves at each level is key. *** Key Areas to Watch : 3791.75-3787.75 // 3809.50-3805.25 // 3839-3835.50 // 3853.25-3847.25
CME_MINI:ES1!
by HollowMn
#ES 06.22.22 Daily Plan with Levels Was expecting this retracement yesterday but we had too many people short from Thursday/Friday and structure yday showed early that we will not come down for now when we held the Gap area pre market, drove away from it at the open and got over the Globex inventory. Failure to extend over 3780.50-3776.75 and reach next stops around 3790 area was my MGI that this buying is not as strong and we are most likely selling our position from below here and once shorts are filled and we get under Key Level at 3764.75-3760.50 then we could find ourselves back at T+2 High area and the beginning of Sunday Globex move, I was hoping we will do that closer to RTH so I can trade it but missed the trade last night. Today we currently looked below our Key Level of 3714.75-3709.75 which is also Friday high/T+2 High area, we have more supply now trapped over 3747.50-3444.75 which might give us a push we need to take out the lows from Thursday/Friday. -- On The Downside: Holding under 3728.75-3725.25 will be a sign of weakness for us today as that is the GAP area we technically never filled in RTH, getting under our Key level of 3714.75-3709.75 and accepting will be our downside confirm which could give us tests of 3698.50-3695.50, 3686.75-3683.75, next Key Support at 3671.75-3665.75 and if that goes we can continue lower towards the lows from Last week and our next levels to watch will be 3655.25- 3650.75, 3638.25-3634.25 and next Key Support 3619.50-3613.25 if we do get that low then those areas can be a good location for a bounce. -- On The Upside: Holding above T+2/Friday high and our Key Level of 3714.75-3709.75 is a sign of stability, if we fail to get under and accept then that can give us a test of 3728.75-3725.25 area which would be our gap fill and from there we need to monitor continuation, could get to 3741.50-3744.75 and Key Resistance at 3764.75-3760.50 but we have supply trapped from yesterday there, will be cautious on the upside. *** Key Levels to Watch: 3728.75-3725.25 // 3714.75-3709.75 // 3671.75-3665.75 // 3638.25-3634.25
CME_MINI:ES1!
by HollowMn
#ES 06.21.22 Daily Plan with LevelsSunday/Monday Globex we keep marking up and selling our product, we got into the area I put on watch yesterday and this is what I want to see if we will hold and accept or did we sell our product from below and will come back down to look for buyers lower. So far Globex inventory 100% long from Friday Close, we now have people trapped between our 3728 and 3747 area and are back in the Gap location, Gap is not considered filled until we do it RTH so here are the two scenarios I will be looking at. -- On The Upside: Holding above our Key Support of 3714.75-3709.75 is a sign of strength in RTH and can give us a test of this Gap fill area at 3728.75-3725.25 ( if we get under it before RTH and hold support ) and if we take out that area and hold above then upper levels are 3447.50-3444.75 and next Key Resistance at 3764.75-3760.50, Gap area and Key Support will be key levels to hold for that to happen. If we do hold those and are going up on big volume then can see areas tested above Key Resistance as well. -- On the Downside: Getting under this Gap area and our level of 3728.75-2725.25 would be our first sign of weakness, we have Key Support at 3714.75-3709.75 which lines up with our Friday High and T+2 High if we are able to break that and accept back inside Friday range then we can see the lower levels tested at 3698.50-3695.50, 3686.75-3683.75, next Key Support at 3671.75-3665.75 and if that goes then we have lower levels and Friday low to test which would be 3655.25-3650.75, 3638.25-3634.25 and next Key Support at 3619.50-3613.25 IF we are going down on big volume then can expect that support to be broken and extended a bit lower as well. *** Key areas to watch 3728.75-3725.25 - 3714.75-3709.75
CME_MINI:ES1!
by HollowMn
Showcase: Trading the e-mini Dow Jones (YM) 22-06-201. Did a long trade (paper trading) on e-mini Dow Jones. 2. Reason for the long trade: a) Price do a higher lower; a UT bar appears but the next bar overtake the UT. b) Volume is supporting the upward move. c) Strong support level at 29910 range. 3. Trade entered with SL @ 50pts and TP @ 75pts; as price move upwards with unrealised profit, the SL is revised upwards to minimise the losses and eventually lock-in the profit. 4. Price eventually do a pullback after breaking the recent Resistance (29966 range); our SL got hit and we exited with a realised profit of 24pts. 5. Price may move upwards from hereon; it is OK to exit with a small profit rather than be ambitious.
CBOT_MINI:YM1!Long
by mdalifalwi
S&P 500 VS STOCKSIn this idea, I'm simply taking a look at the S&P 500 verses the actual stocks that make up the S&P 500 by using their 200d and 50d averages. This can be useful as an indicator to look for divergences, early warning signs, or confirmational trend changes. Top pane = SPX stocks above their 200 day moving average Middle pane = SPX stocks above their 50 day moving average Lower pane = SPX index Since May 2021, it's evident that the stocks > their 200 day and stocks > their 50 day have been trending down while as the overall index has been trending up. This is a sizable divergence that could cause a sudden correction in the index. While I'm speculating, I do not believe the indices have put in their major top yet. But that doesn't mean we will not see a sizable correction with weeks or months of volatility. Let's see if the indices can take a chill pill for a while and offer another buying opportunity.
Editors' picks
SP:SPX
by gghsusa
69
How I Use Treasury Futures To Better Execute The E-mini S&P 500Interest Rate Futures are the market leaders this year. Our technical indicators have less of an impact when the Bond & Treasury Markets are on the move and as Traders we have to be aware of when that is and how it impacts the price action in the E-mini S&P 500, E-mini Nasdaq 100 and Russell 2000 Futures. In this video I go over a simple, but effective way I use the 10 YR Futures ZN1! & the Micro 10 YR Treasury Futures 10Y1! to better execute the Indexes. To learn more about the Futures Products discussed in the video please check out CME Group's Website. I also mention that I trade futures on TradingView using TradeStation so please go to TradingView's website or TradeStation's website to learn more. Past Performance is not indicative of Future Results. This is for Educational purposes only. Derivatives Trading is not suitable for all Investors.
Editors' picks
CBOT:ZN1!Education
by anthonycrudele
14
$ES Emini SPY SPXTwo interesting scenarios here As long as bulls stay over 4xxx, I think we see another leg up However, there was serious volume lacking last week (could have been due to the short week) but if not, the bullish scenario could indicate MMs simply setting up to drop it again. If 4076-4030 support holds, the triangle remains valid. I expect chop in the 4164-4200 supply. I'd be looking to short from the supply zone there. If bulls cannot sustain above 4000, I see test of the 3810 low on the cards.
CME_MINI:ES1!
by Premium_Tendies