S&P 500 E-Mini Futures
$ES New All Time High ExpectedOur projected path for CME_MINI:ES1! to take out the January 2022 High which also happens to be the All Time High. We are using a range from a Weekly Volume Imbalance and a Weekly Bullish Order Block combined to give us a price range between $4190-$4288 to find long positions. This price range is also in a discount for the current weekly price leg; giving us more reason to look for buying opportunities here. Look for price to reach this are late August or early September. We will post a smaller time frame once we get into this area and we see a favorable trade. We will take a small swing position but we are more excited to ride the price legs to the new high through intraday trading. We have used Fibonacci Projections to give us $4854 as our first target.
Just for fun we want to call $5092 as the 2023 High of The Year. Leave your best guesses for the 2023 High below :)
Happy Trading,
BlackOakCapital
Trading Plans for THU. 08/17 - Key Support Level Being TestedS&P 500 INDEX MODEL TRADING PLANS for THU. 08/17
Our trading plans published on Monday, 08/14, stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". Yesterday, this level was breached.
We also wrote in that trading plan: "This support level is being approached as of this morning. Any sustained breach of this support could open 4400 level as the next support level". The index is approaching the 4400 level this morning. If it breaks down, then 4385 will be the next support.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4438, 4430, 4420, 4407, 4402, or 4383 with a 9-point trailing stop, and going short on a break below 4435, 4417, 4398, 4390, or 4380 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4427 or 4405, and explicit short exits on a break above 4392. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 11:30am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch, #fomcminutes
Exploring the S&P500: Decoding the Market Maker-Here's my quad chart analysis of ES1!, the S&P500 futures index, displaying striking accuracy with Fibonacci retracements.
-The top two boxes present micro charts on daily tf's, showing recent Fibonacci-based peaks and troughs. The bottom two are weekly schematics on 3 Day tf's, revealing longer-term trends obediently following Fib levels.
-KEEP IN MIND THE BOTTOM TWO "WEEKLY" ARE ACTUALLY 3 DAY CHARTS MAPPING A WEEKLY SCHEMATIC
-This alignment suggests the Market Maker's playful maneuvers before an anticipated significant move. Based on the patterns, I hypothesize a considerable downtrend on the horizon for the S&P Futures Index (ES1!).
-Remember, market predictions aren't set in stone and require vigilance. However... dump city here we come.
$SPY - A Mammoth of a Trendline (Started in 2009)This trendline has acted as support since 2009 and we are now at support again. I do believe we will see a bounce here but will it keep the trend going that started in 2009, that remains to be seen. We can also see the support was broken and it did go above and retested it again. Unless things change drastically, I think this line will continue to act as support.
FOMC Meeting Minutes - Still Relevant to Push the Markets Up?S&P 500 INDEX MODEL TRADING PLANS for WED. 08/16
Our trading plans published on Monday, 08/14, stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". This support level is tested on the index as of this morning. Any sustained breach of this support could open 4400 level as the next support level; any rebound will face 4470-4480 as the next resistance level.
The FOMC minutes to be released this afternoon may not really have any oomph factor left for any upside moves, but could potentially push the markets lower if surprising on the negative side (more hawkish than markets are hoping/expecting).
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4481, 4467, 4433, or 4402 with an 8-point trailing stop, and going short on a break below 4478, 4470, 4448, 4443, 4430, 4419, or 4398 with a 9-point trailing stop.
Models indicate no explicit exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 12:31pm EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch, #fomcminutes
Trading Plans for TUE.08/15 Back to the Basics, and the Reality?S&P 500 INDEX MODEL TRADING PLANS for TUE. 08/15
Our trading plans published yesterday stated: "The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish". This support level is tested on the index as of this morning. Any sustained breach of this support could open 4400 level as the next support level; any rebound will face 4470-4480 as the next resistance level.
With the Fed's interest rate policy, inflation, and the earnings almost in the rear view mirror, markets might be going back to the basics this week in search of a direction. Our trading plans published on Thu., 08/10 stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers".
The risk is to the downside rather than the upside. Bulls should be wary of any bounces up and use that opportunity to take some money off the table.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4492, 4483, 4458, or 4452 with an 8-point trailing stop, and going short on a break below 4478, 4470, 4455, or 4447 with a 9-point trailing stop.
Models indicate no explicit exits for today. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:46am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi, #fitch
S&P500 On the 1D MA50 after 3 months. Will it hold?Last week we gave a sell continuation signal on the S&P500 index (SPX) after the price failed to break above the short-term Resistance of 4H MA50 (see chart below):
As the price hit the 1D MA50 (blue trend-line) last Thursday for the first time in 3 months, the index found its first long-term Support level. Along with being near the bottom (Higher Lows trend-line) of Channel Up 2 (dotted pattern within the multi-month Channel Up 1), we can attempt the first buy position again and target 4640 (March 29 2022 High). This is a similar situation as May 24 and May 04 (blue circles).
If a 1D candle closes below it though, we will be quick to take the loss and sell the break-out towards the 1D MA100 (green trend-line) at 4350. That is the second long-term Support level, which if broken opens the way for the final one, the 1D MA200 (orange trend-line). The most optimal long-term buy entry will be if the 1D MACD makes a Bullish Cross within the 2023 Support Zone. Potentially that could be near the 1D MA200 and the bottom (Higher Lows trend-line) of Channel Up 1.
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ES1!: Bulls Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the ES1! pair which is likely to be pushed up by the bulls so we will buy!
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Trading Plans for MON. 08/14 - Back To The Basics?S&P 500 INDEX MODEL TRADING PLANS for MON. 08/14
With the Fed's interest rate policy, inflation, and the earnings almost in the rear view mirror, markets might be going back to the basics this week in search of a direction. Our trading plans published on Thu., 08/10 stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers".
Last week's PPI numbers have validated why we didn't give too much weight to the CPI numbers and the markets' bounce following that. Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to choppy markets to continue.
The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4492, 4483, 4474, 4466, or 4452 with a 9-point trailing stop, and going short on a break below 4478, 4470, 4455, or 4446 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4462, and explicit short exits on a break above 4458. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:31am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi
S&P500 INDEX (SPY): Your Trading Plan
S&P500 Index is currently testing a key daily structure support.
To buy the market with a confirmation, watch a double bottom pattern on 4H time frame.
4487 level is the upper boundary of its neckline.
If the price breaks and closes above that on a 4H, it will be a strong bullish signal.
A bullish movement will be expected 4517 level then.
Alternatively, if the price sets a new lower low on a 4H, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
The Illuminated Ascension of the Market.Since I presented my bearish prophecy, I've traversed the vast expanse of financial data in search of the Achilles' heel to counter my own narrative. The cosmos itself has conspired this evening to bestow upon me the final pieces of this intricate puzzle.
On the ominous date of 8-18, a staggering 70% of market contracts bow to the bearish sentiment. This, I postulate, is the very reason for a tight squeeze leading up into this date – a sly play to ensure the bears' demise, leaving their positions reduced to mere ephemeral memories. (Forgive my wickedness, for in the end, it's merely the cutthroat dance of commerce).
As the sands of time flow and we bid adieu to 8-18, expect a swift downturn; a mere blip, a hiccup if you will. But fear not, for the hungry wolves shall quickly gather to devour this dip, leading us into the waning days of August and the dawn of September.
Post the ritualistic dance of the wondrous blue moon, brace for a cosmic parabolic squeeze ascending towards the 9-15 expiration - ensuring the bears are banished into the void eternally.
Upon the ethereal touch of 17.2k, my machinations will recalibrate.
Godspeed on your cosmic journey, astral adventurers.
💜✨🌙✨🌌✨🌙✨💜
S&P 500 INDEX MODEL TRADING PLANS for FRI. 08/11 Our trading plans published yesterday stated: "Our models continue to indicate choppy markets until this resolves in either direction, notwithstanding this morning's push up following the rising-not-so-fast inflation numbers". Today's PPI numbers have validated why we didn't give too much weight to yesterday morning's CPI numbers and the markets' bounce following that.
Currently, there doesn't appear to be any specific factor driving the markets in any direction, leading to choppy markets to continue. The level of 4495-4505 is now the immediate key level for both Support and Resistance. 4445-4452 is the next support level, a daily close below which will turn our models cautiously bearish.
Aggressive, Intraday Trading Plans:
For today, our aggressive intraday models indicate going long on a break above 4501, 4492, 4481, or 4452 with a 8-point trailing stop, and going short on a break below 4498, 4478, 4461, or 4447 with a 9-point trailing stop.
Models indicate explicit long exits on a break below 4488, and explicit short exits on a break above 4465. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 09:36am EST or later.
By definition the intraday models do not hold any positions overnight - the models exit any open position at the close of the last bar (3:59pm bar or 4:00pm bar, depending on your platform's bar timing convention).
To avoid getting whipsawed, use at least a 5-minute closing or a higher time frame (a 1-minute if you know what you are doing) - depending on your risk tolerance and trading style - to determine the signals.
(WHAT IS THE CREDIBILITY and the PERFORMANCE OF OUR MODEL TRADING PLANS over the LAST WEEK, LAST MONTH, LAST YEAR? Please check for yourself how our pre-published model trades have performed so far! Seeing is believing!)
NOTES - HOW TO INTERPRET/USE THESE TRADING PLANS:
(i) The trading levels identified are derived from our A.I. Powered Quant Models. Depending on the market conditions, these may or may not correspond to any specific indicator(s).
(ii) These trading plans may be used to trade in any instrument that tracks the S&P 500 Index (e.g., ETFs such as SPY, derivatives such as futures and options on futures, and SPX options), triggered by the price levels in the Index. The results of these indicated trades would vary widely depending on the timeframe you use (tick chart, 1 minute, or 5 minute, or 15 minute or 60 minute etc.), the quality of your broker's execution, any slippages, your trading commissions and many other factors.
(iii) These are NOT trading recommendations for any individual(s) and may or may not be suitable to your own financial objectives and risk tolerance - USE these ONLY as educational tools to inform and educate your own trading decisions, at your own risk.
#spx, #spx500, #spy, #sp500, #esmini, #indextrading, #daytrading, #models, #tradingplans, #outlook, #economy, #bear, #yields, #stocks, #futures, #inflation, #recession, #earnings, #usdebt, #cpi, #ppi
S&P 500, 8/11/23For Friday, 4543.25 can contain session strength, below which 4448.50 remains a 3 - 5 day target able to contain selling through September activity, once tested 4701.25 long-term resistance attainable over that time horizon.
A daily settlement below 4448.50 indicates a good high through September trade, 4112.00 then expected over the following 3 - 5 weeks, where the market can bottom out through the balance of the year.
Upside Friday, pushing/opening above 4543.25 allows 4573.00 intraday, while closing today above 4543.25 reverses momentum through next week, 4617.25 then expected within several days, 4701.25 longer-term resistance within 1 - 2 weeks.