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ES Levels & Targets for July 1st/TipFor y’all that don’t know, July 1st is the most bullish day of the year seasonally, green 90% of years sice 2003 and up for the last 13 years straight. What does that mean for us? Absolutely nothing, because we trade price, not seasonals. Of course, these tendencies are good to keep in the back of your head as are all seasonal tendencies, but when it comes to actual trading, we trade the same way we do every day. Wait for the setups, take them without bias, manage it level to level, repeat. We must trade what is in front of us, not averages. Specifically for tomorrow, 5519 has been a true ATM machine in CME_MINI:ES1! . From where we are now, I see 5519-5582 as being a large chop zone. But as buyers keep holding 5519, we can continue filling the range out.. This would mean retesting 5539, perhaps dip, then heading to 5557-60 again. If 5519 fails, buyers will have to reclaim it quick or sellers can try to start a deep leg down for a move sub 5500.
CME_MINI:ES1!
by ESMorg
🏯 TOPIX FUTURES: JAPANESE BULL SAMURAI IS STILL ALIVELegendary investor Warren Buffett was on a trip to Tokyo, the capital of Japan, two months earlier in mid-April 2023, and the titans of the country's giant energy and commodity conglomerates were there to make their presentations. As usual, over glasses of Coca-Cola NYSE:KO - one of Buffett's most famous investments, they walked into Warren Buffett's suite at the luxury Four Seasons hotel and individually told the 92-year-old American investor the same thing: Japanese trading houses are cheap and should accelerate their move beyond commodities. The support of the Oracle of Omaha is an important vote of confidence in the big five Japanese trading houses - Mitsubishi Corporations TSE:8058 , Mitsui TSE:8031 , Sumitomo TSE:8053 , Itochu TSE:8001 and Marubeni TSE:8002 It's also a broad endorsement of Japan, that is considered to have outlived its heyday 30-35 years ago, as well as considered less relevant than Asian counterparts such as China and India. But there's one big question: Is Buffett betting on phasing out fossil fuels, the trading house products themselves, or a combination of the two? Or something else, like impact of the weak yen!? Buffett's Berkshire Hathaway NYSE:BRK.B reported in August 2020 that it had acquired about 5% of the shares of five trading houses, that sent their stocks up and raised their total investment value above $6 billion. When the Covid-19 pandemic dampened demand for goods, it pushed down the value of company stocks, four of which traded below book value. “They were selling, I thought, at a ridiculous price,” - Buffett said to CNBC in March 2023. Three years after the Covid-19 pandemic (that is now hardly remembered) Warren Buffett's bets on Japan have nearly tripled to over $17 billion. But even this Growth does not stop Buffett. Staying in Tokyo this spring, Buffett confirmed intentions to buy more shares, and participate in more big deals. In addition, Berkshire recently unveiled plans to issue its own yen-denominated bonds, which help hedge against the depreciation of the yen against the US dollar as well as depreciation of Japanese stocks in dollar terms. The technical main chart is dedicated to futures on the TOPIX index TSE:TOPIX widely known, along with the Nikkei 225 index $TSE:NKY . The TOPIX index is an important stock market index for the Tokyo Stock Exchange (TSE) in Japan, tracking all the local companies of the TSE Prime-market division. Buffett's mission to Japan marked, as it easy to find in the technical picture of TOPIX ( TSE:TOPIX ) - a significant moment, as a result of the breakdown of the key long-term resistance, with the prospect of further more than doubling the index TSE:TOPIX and its market value.
OSE:TOPIX1!Long
by Pandorra
S&P500 Seeking the 4H MA200 for buyersThe S&P500 index (SPX) got rejected at the top of the 2-month Channel Up that started on the April 19 bottom and is already below the 4H MA50 (blue trend-line). This is a sign of weakness for the short-term and based on the previous two times it did so, it might be accelerated. Technically, the market should seek the 4H MA200 (orange trend-line) as the Support, which is what took place on the previous Higher Low of the Channel Up on May 31. We are looking to turn bullish again close to the 4H MA200 and target 5650, which is not only at the top of the Channel Up but also below the 2.618 Fibonacci extension, which is where the previous two Higher Highs got priced. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500
by TradingShot
1
S&P500 targeting 5800 if this level breaks.The S&P500 index (SPX) recovered from April's correction and rebounded on the 1D MA50 (blue trend-line) during late May's consolidation, much faster than all previous corrective phases within the 1.5 year Channel Up pattern. This has resulted in the price testing again the top of that pattern, first time since April 01. So far it has been there but failed to break it 3 days in a row, which is an accelerating bearish signal and as long as it fails to break upwards, we expect another test (at least) of the 1D MA50. If it does break though, and since as mentioned this corrective phase has been faster and weaker than the previous, there are higher probabilities to do so, we expect a new (blue) short-term Channel Up to emerge. That would be similar to the previous 2 Bullish Legs of the long-term Channel Up, only this time it will break above it and take the index to a new dominant pattern. In any case, our medium-term Target on that occasion wil be 5800, even though on the long-term, we can see at least a +25% rise from the April 19 bottom. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US500Long
by TradingShot
2
ES1! - TIME TO LOOK FOR SHORT ENTRIES OPPORTUNITIES - WEEKLYThank you for the likes, shares and follows. Really appreciate! _________________________________________________________ This is a zoome out from the latest analysis of the ES1! Mini S&P500 Market. A little bit adjusted with some interesting points to consider. in the upper side we potentially won't be surprised in proach futrue see the price rising to $5637.5. It is time probably to think at holding long short positions as there are some potential lower price point interesting to consider: - The red horizontal line range area - And lower there the blue dashed horizontal line next week candle could probably do the same as this week but in the short side. Where is the price going and what is the upper side limit? We don't know, we can only make some assumptions based on the technical analysis of the chart. The issue is that we see that some historicl correlations are not being respected anymore.
CME_MINI:ES1!Short
by Diallo_Charts_Ideas
SPY still bullish, holding both the 1D MA50 and MA100.Last time we looked at SPY (May 01, see chart below) we gave a strong buy signal following the 1D MA100 (green trend-line) bottom and we are already well into new All Time High territory: As you can see, the price hit the top of the short-term (dotted) Channel Up and pulled back to the 1D MA50 (blue trend-line) again. This inability to break above the Channel Up, leads us to believe that it will continue to be the dominant pattern, instead of the long-term (blue) Channel Up, and will dictate the price action higher but only gradually. Another test of the 1D MA100 is possible under those conditions that will allow for a smooth hit on our 555.00 long-term Target. If however the dashed line holds, it is possible to see an even more aggressive Channel Up materializing, in which case we will move our Target even higher at 580.00, in order to represent a Bullish Leg similar to January - February 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
AMEX:SPYLong
by TradingShot
1
ES New All Time High Targets & General OutlookAfter buyers broke us out yesterday, ES is now basing right off the uptrend channel sellers tried to leak us from June 3rd (5370). This is very typically after a trend leg/breakout, as after these play out, longs are risky (due to chasing), shorts are risky (against the trend), so this causes a very high chance of chop the day after. And that's exactly how today is playing out. This is very vital to understand, as MANY traders lose lots of money overtrading after the trend move happens, all because we naturally try to recreate missed opportunity. Don't. We are building a small flag now above 5363. 5375, 5390, 5403 are the next ATH targets whenever buyers are ready. If sellers want to backtest some supports, 5348 is 1st down, then 5342 CME_MINI:ES1! CME_MINI:MES1!
CME_MINI:ES1!
by ESMorg
ES1! PM long opportunity using algorithmic levelsToday we'd seen beautiful reaction to algorithmic levels! +1/3 AWR acted as support after yesterday push above it and -1/3 ADR likewise! another confluence was D -M OHLC statistical mapping (tool) and H4 IFVG! ADR is usually TRUE Support & Resistance! and most of the time we can use it within Higher Time Frame context. same goes with OHLC statistical mapping when we are bullish we use -manipulation! combining this with ADR/&AWR can be really helpfull!
CME_MINI:ES1!
by Keclikk