Get started

Es_f

ES gapped down as expected, must hold levels for tomorrowMust hold level for tomorrow is 4172-90. We must penetrate 4200 or 11th low to mark the temp (if not maj) high on Aug 16th Ideal target is at 4045-60ES on this move lower and the bottom timing is on 25-26th of Aug. Rally after into the 2nd of Sep high! I dont want to be long going into the Labour Day weekend; market, historically, tops around the Labour Weekend. SPX next to update with detailed notes to those who are on my email list. Will update that chart tomorrow am here
CME_MINI:ES1!
by RealTima
7
Daily analysis and day trading setups on SPX SPX500USD 20220816This is the first daily analysis and day trading plan for SPX. I am already publishing NASDAQ & DAX daily trading plans here >> NASDAQ DAX Line in the sand for SPX is 4280 but 4300 is too close so it is more like a zone of 20 points which is quite evident. The hourly bull flag is still in tact as long as Demand Zone 1 holds. Macro US Building Permits, Housing Starts, CAD CPI Buy Break: 4295, 4313, 4327, 4347 Reversal: 4279, 4262, 4253, 4240, 4216 Sell Break: 4281, 4285, 4254, 4243 Reversal: 4316, 4330, 4350, 4374 Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:SPX500USD
by TradingIndian
$ES - What to do now?$ES - What to do now? This weekend, I present you many ideas in various assets and here's one chart of $ES is last and its important chart I am keeping an eye on for LT positioning. We've had great bullish momentum due to 'we are at neutral rates', CPI steady - For now and all data is excelling perfectly this week we do have FOMC minutes and as have US Retail sales. The key areas I am keeping in mind when it comes to fundamentals is the factoring in credit cards, has been escalating further and real estate is in trouble due to obviously high rates. There are many other bearish fundamental factors but then we have the bullish momentum side technically - ES is bullish and the fundamentals less rate hikes of hights 75 is less anticipated and further slow down leading DXY to pull back and ES, RYT, NQ & even looking at QQQ to excel further and this could be the bottom of 3700 areas for ES. Technically - we are a trendline resistance which comes at the levels of: 4300-4200 areas. A key pull back towards areas of support of: 4180, 4000 & 3900. Are the areas I am keeping an eye on. TJ
CME_MINI:ES1!
by Trade_Journal
ES AHs updateES broke the uptrend small channel off am lows, good sign there. Its also jumped out its upper bull trend channel, must watch for possible fake out. If it means business for the bulls, I will trade the re-test of the trendline in am. If you look at the chart, you can see that we hit 1.618 to the penny and the price is hovering right at the extension zone. I say it's a very important place to continue or reject, it seems we hit the wall here imo. Im swing short here and have no stops at the moment, will be watching for the breakout to hold or fail
CME_MINI:ES1!Short
by RealTima
1
Bear market over? The structure shift we will need to see.We can observe the weekly trend in MES which mirrors SPX and all SPX futures. Following consecutive lower lows and lower highs, we have broken the prior swing high to create a higher high. Equal highs and the weekly fair value gap above act as a draw on liquidity. Weekly fair value gap below also acts as a draw on liquidity. Retest and ‘double bottom’ in weekly demand would confirm a higher low following this higher high. Until proven otherwise, this is still a corrective move in a downtrend on higher timeframes.
CME_MINI:MES1!
by SpinTrades
#ES_F Major Inflection Point !Wow what a rally - from 3639 to now 4155!!! Question is : was this just a bear market rally and are we going to see another leg down.... Or is this a regime change and the start of another bull run to 6000 ?! Although I have completely no idea :) , I do know where we are at now is a major indicator and inflection point IMO of what's to come for the remainder of 2022 for 2 major reasons. 1) MAJOR trendline that stems from 2018 - present being tested (white line) which price has responded to throughout 2020 and 2021 AND 2) 30 WEEKLY MA at 4200 which is a very important Technical inflection point often used to identify stocks' phases by Stan Weinstein. A breakout above with continuation should trigger large inflows while any rejection or signs of weakness will have people running for the exits. Very exciting next couple weeks! Keep in mind JPM has a massive collar on 4340C/3905P/3290P for SEP as well... and they usually don't lose (although they surely can rollll ) ;0 Cheers
CME_MINI:ES1!
by FriscoTrades
$SPY Mr. Market update and possible inflection pointMr. Market has had a nice rally from sub 400 to now trading 410 zone and right at the daily 100MA Could be a major inflection point as we head into next week and a lot of supply overhead now on what is basically a pump from Apple AMZN and a few other earnings as well as the result of net short option positioning , and lack of sellers "in the hole" . If you believe another major leg down is imminent, August - Sept seems likely as we now have had a decent bear market rally to accompany the thesis. If you believe we go higher, look for some nice consolidation now and even retracement before starting the next leg up Either way, I'd be careful adding longs here as the next weeks most likely involve downside or consolidation as this recent move up is digested. IMO it's low probability of going straight up higher, but not out of the question if we get major news on - Ukraine war, etc. Personally I've closed most my longs for decent / good profit and starting building shorts with mostly cash position right now. My lean is short / no trend here. Cheers : )
AMEX:SPYShort
by FriscoTrades
2
QQQ Nice breakoutTook QQQ 311C for tomorrow as discussed in yesterdays post. With AAPL AMZN after hours reaction, these calls gonna open up 300% tomorrow. Also took AMZN 130C for ER. i will be done at the open. There is going to be a lot of FOMO tomorrow in the markets. Make sure u sell into strength tomorrow. Bears might throw in the towel after these ER reactions and probably bulls who ever sidelined are going to chase as well. So better to take profits and wait for a pullback.
NASDAQ:QQQLong
by savage_Trader
QQQ near swing highsRight at last swing highs. SPY and IWM are already above these highs. Closed above these highs. QQQ right on it. Double top for now but Watch it tomorrow for either a confirmation of double top and pullback or a breakout over 308.55. We have AAPL AMZN reporting after hours tomorrow. We are right in the middle of congestion zone shown in the highlighted area. Generally whenever we enter into the congestion zone, there is a 80% chance we go to the other end of congestion zone. In this case around 312 - 314.60.
NASDAQ:QQQ
by savage_Trader
SPY and ESIndexes are still sideways on weekly timeframe between 3640 - 3950. Its been 5 weeks for now and i think we may have another week of this chop. Market will mostly break this range after the fed meeting on JUL 27th. If we look at candle stick chart on weekly time frame, we can see that we had alternate red and green weeks and mostly closed below the 50% of the range for the week if its a red week and above 50% of range if its a green week. This week broke that pattern, we had a red week but closed almost at the highs of the range. POC and also is at the highs of the week which is good. Coming to the Daily profile, Friday's profile is pretty peculiar with single prints above and below the close price. You can see that we have single prints from 3884 - 3900 on the upside and 3820 - 3811 on the downside which were created Friday on the back of strong retail report. Pretty rare that we see single prints both above and below so close to the closing price of the week. Coming to Friday’s profile, its a “P” shaped profile which generally indicates emotional short term trading especially when it occurs in a choppy range based market. UUP weekly candle looks like a topping candle but i would have been more confident if we got it on DXY too. DXY weekly has back to back top wicks after an extended rally. So, there could definitely be merit for UUP topping candle. As i have been saying for several weeks now, this USD strength is not good for global economies. Leave Asia or Africa, take Europe as an example, EU is a net importer of primary goods. They import most of food, beverages and oil whose prices have been soaring and due to USD strength, their Euro is down in the gutter already. USD/EUR is at parity last week. If this dollar strength persists, EU will have a lot of pressure on its forex reserves and combined with their central bank lagging miles behind the curve on inflation and rate hikes, its a recipe for disaster. US equities cannot stage a consistent rally unless USD comes under control imo. OIL is another market which needs to hold around this 90-100 range imo. Apart from severe demand destruction, i don't see any other reason why oil should come down drastically especially with Biden’s Saudi trip not yielding much results. If demand destruction occurs, it should only come with recession whether mild recession or strong recession is another debate altogether but we should have something which is again not good for markets. CPI came in pretty hot last week and everyone was calling for a crash on markets with some people calling 3400, 3500 on ES but i had a different view. I said it will be really difficult for markets to break 3700 and ES held that level like a champ and rallied almost 150points. The main reason for this is oil prices being down a lot from last month and that should help reduce next months CPI reading. Although oil prices are just down to may levels where we had high CPI number too, it is only one piece of the puzzle. Take a look at commodity prices, they are off 21% from highs and still down 10% from may readings too. Shipping prices well off their highs too and these two things combined with oil prices should give us a lower CPI reading imo. Market is always forward looking and i thought if CPI reading was going to come in lower for JUL month, there is no need for markets to panic on last reading. Thats why i was inclined towards that down move being a trap for bears. Being said that about CPI, now FED needs to calm down and not do 100bps hike on JUL 27th meeting. If indeed CPI is going to come down next month, there is no need for them to be too aggressive with 100bps hike and choke off money supply to the markets. I personally would like 50bps hike in JUL, AUG and SEP rather than than do 75bps now and 25bps in SEP just to give economy a little breathing room to regain its growth but more than likely they might go 75bps in JUL. In any way market is already anticipating 75bps and should be ok with it as long as Powell’s language doesn’t seem too hawkish. Levels for week: Bull Bear line - 3870 Below 3870, We can see 3826, 3812, 3776, 3756 Above 3870, we can see 3886, 3900, 3912, 3950.
CME_MINI:ES1!
by savage_Trader