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S&P500 - Clues to BUYThe S&P 500 is my favorite market to trade however my strategy struggles when price enters All Time Highs by design. I tend to try and hold positions into ATH's and beyond but this recent uptrend has proven too aggressive for my entries (See attached ideas). Last weeks close is a very subtle clue about institutional intention to buy this market. My intuition says S&P500 is likely to move higher and start the price exploratory process between 5600 - 5350. This is a common process pattern through the summer months observed historically (institutional investors allocate before leaving for summer vacation maybe?) Unfortunately, it also means any trades for me have reduced odds until price clearly defines levels that provide my strategy an edge. As price explores above, I'll be mindful of quick tests of support. I personally would not be comfortable with any swing long entries above 5290, which seems unlikely. From a day trade perspective, 5325 should provided good support and I doubt price trades below it for very long. Time/Price analysis indicates 5600 is a good level to watch for exhaustion of this push. 5185 and 5510 could offer some setups. Daily closes below 5300 invalidates this idea. Any trades related to this idea in the weeks to come will be posted below. Likes and Follows are appreciated
CME_MINI:ES1!Long
by GrayTrader01
S&P500 - Bullish opportunites ahead! - Long in flight Last weeks levels provided to be partly actionable and price has immediately responded (See attached post). Comfortable holding this 50% long position with stop/target untouched. Will be looking for opportunities to buy the other 50% and increase risk as I'm confident in the bullish sentiment after last weeks Feds statement. I hold an underlying belief that the FED does actually have a decent pulse on the economy that drives the stock market - obviously not the "real" economy but an important one no less. I'm personally very bullish 2024 on nearly all assets. So lets unpack the chart - Daily chat shows a "comfortable" pullback. One very similar to Nov. 2024. Evidence on the RSI suggests we are positioned for months of bullish room to run ahead. So I'm interested in getting long at least back to comfortable new highs. 2 hour chart shows our first aggressive entry hit and the second entry came within .30% of getting filled. Although I would have loved the second to get filled, It's a non-factor. Thankfully price has strongly verified our bullish identification of these price levels and the overall theory. Although the stop of the aggressive was close to the conservative entry - it was separated by several key levels and strategically placed. I've got a good idea of where things are going and the opportunities on the way are endless. The rest is risk management Follow/like for more AMEX:SPY NYSE:ES GETTEX:MES #S&P500 Commentary Best, GrayTrader
CME_MINI:MESM2024Long
by GrayTrader01
Volume gap on ESKeeping this one short and simple there is a nice volume gap above and we are at a decent support level. High volume green candles the past couple of weeks. With FOMC wouldn't be surprised to see a high volume green doji into a blast off near the top of the trendline. Could even see it breaking out of the trendline a bit getting people saying the bear market is officially over then slam. This is a mere guess I would not bank on this at all never financial advice. But interested to know you all's thoughts and feelings on what is coming next.
CME_MINI:ES1!Long
by EZmoney24
ES bullishLast week ES price action indicated acceptance of these higher prices and appears to be ready to move higher. Friday's move was quite a shock. Long side trades existed at 3860 but they didn't 100% fit my strict strategy as I cautiously build my small account. I expect buying to continue into next week and I'm interested in buying any weakness. Green area is very exciting for quick moves if we are so lucky to get one. The yellow area is also in consideration depending on how price action materializes through the week. Hard stop on all bullish intentions below 3600.
CME_MINI:ES1!
by GrayTrader01
ES - S&P 500 - Wash & Rinse, now LongHere comes the Wash & Rinse. I was posting that we will bounce at the Centerline. My timing was off for a couple days. But here it comes: The move today makes sense. First, we had news which where somehow not ultra bad. But the market flushed big, leaving a GAP in the intraday chart (See the screenshot and my tweet). They washed the stops to the downside, and closed the GAP on the upside. If we now close again above the Centerline, I bet that we will see the long awaited bounce. Let's see how this day will end. I only trade super small, because in these markets this is the only way to control risk and be involved if you don't have tens of millions. Stalking Hat On!
CME_MINI:ES1!Long
by Tr8dingN3rd
ES - S&P 500 potential up-moveLast days where pretty crazy again. So let's dig in to the daily TF and see what the chart reviles us. We had the move down to P 5/0. From where we expect a new 0-5 wave up. Since price trades lower than P1, we can say that this guy is confirmed. From P1 price moves down, and up again. This is just another wave count in a lower TF, because we would need to see price trading lower than the lowest point from P1 down to where I drew the grey support line. That was accomplished barely with the few points lower at (2). So far we can't confirm P2. We would anyway need a higher high above P1. That means, A low is only confirmed when the HIGH is broken, P1. According to the Mini-Medianline, price tells us that we have to wait for a clear break of the U-MLH, the Upper-Medianline-Parallel. Today could be the day, as price opened outside the U-MLH, and as I write this, price finds support at the U-MLH. Another indication for an up-move are all the Wicks to the left, marking a support zone. All this Coffee Ground reading leads me to see a potential up-move is coming from today and next week, and it could be big.
CME_MINI:ES1!Long
by Tr8dingN3rd
ES count I'm followingCount I'm following still playing out and respecting Elliott Wave / Fib rules. Quick rundown of the overview I think price action is in: Blue = in overall larger degree ABC blue count. In Blue Wave C --> target upside is around $4987 White = smaller degree ABC within blue ABC. I have the White ABC making up the Blue C wave. In White Wave C within Blue Wave C --> target upside is first $4968 Green = smaller degree ABC within White ABC. In Wave C shown as (c) --> target upside first $4832. I think if the count is overall correct, green wave C can go to the 1.618 extension at $4985. This aligns with both targets up with White and Blue. Light Blue = trying to predict a smaller degree impulse wave within Green ABC shown as i, ii, iii … Currently hanging back around resistance after making a high. It would make EW theory sense that to get over resistance with some strong backing, we retrace for wave “ii” and that gives us the powerful wave “iii” to run up --> target upside for wave “iii” after retracing is $4894 Currently I have small straddle position to catch any potential fast movements up or down. I'll add calls on retrace with a stop loss should the EW retrace rules become invalid. I’ll post potential Bear count / bull invalidation downwards after this post.
CME_MINI:ES1!
by PT_Marche
ES1! - 4HR - Santa and His (REIN?)Bulls! - LONGSANATA AND HIS REINBULLS ARE COMING TO TOWN!! (doesn't feel catchy, but it fits.. I guess?) Next weeks(possibly even months) outlook is looking pretty dang clear.. The bulls are in full force!! -Shorts squeezed out -Good Ol' Cup n Handle formation -Break through the 50D,20D, moving averages, bounced back with 100% recover. -Heavy long volume accumulated in the Value Zone( Volume Profile - Point of Control) Excluding the recent drop, there's been 4 weeks of balance between November and December between 4650-7010 price area. With that being said, I believe there's still long-term holders that accumulated in the Nov5-24th + the 3 day balance between Dec8th,Dec 10th. There's a ton of bulls in the game right now!! With the recent drop and recover, it's apparent the bears couldn't shake the bulls and the longs are back in FULL FORCE. An explosive move up has been bottling for sometime now and it's ready to POP! The coming weeks should be pretty straight forward, its clearer than ever that this market is going up.. Looking to end the year strong, I'll be entering with heavy conviction and heavy options futures contracts this month. Here's a look at a trade im entering coming into Monday: Enter at pullback: 4687(Value Zone + .382 Fib Correction from last leg up on 30m chart) Targets: 4800(Long Term TL,) 4874(1:1 Fib Ext) Stop: 4681(Break below value zone + violation of the baby cup n handle formation and likelihood of further chop n balance) This could top my chart for one of my best trades if it plays out. I may or may not get the desired entry at the pullback as it's definitely likely we could see a gap up Sunday/Monday. I'll take the entry at the break of balance either way and adjust my stops. A little helpful link to check the historical average gains/losses of specific months, take a look at December: 53 up years; 18 down years; ave. return = 1.39%. Here's the link: www.moneychimp.com 30m chart:
CME_MINI:ES1!Long
by GeneticHustle
2
📈 (3/14)-(3/15) ES Trade Plan 📈 Hello Traders, today we'll be following up from last week's 3/12 Trade Plan. The last time we took a look at ES I mentioned healthy pullback to about 3901 or so before another attempt at last week's high near 3958.50-3959.25 - Well thats exactly what happened. Here's the new plan: 🔸 Long after a healthy pullback to minor supports 3933 or ideally 3923 🔸 PT Near @3945, 3958-3959 (ATH), Low 4000's. 🔸 Short rejecting @3946-3948 or failing to break over 3958-3959 (ATH) 🔸 PT Near @3935, 3922, 3901.
CME_MINI:ES1!Long
by Kindredd
1
ES Trade Plan 3/12Hello Traders, ES has had a nice rally up this whole week and nearly touch ATH once again. Overall very bullish as long as we continue to trade above 3865 to eventualy retest previous ATH and push into the 4000's that everyone wants to see. I would like to see a healthy pullback to 3900-3901 before we push higher at another attempt to break ATH. Short below failing to break and hold 3935, PT @3911-3910, 3900-3901, 3892-3893 Long after a healthy pullback that we need to continue higher. Entry @3901-3900 after confirmation of reversal. PT @3920-3921, 3933-3935, 3958-3959 (ATH) Or breaking and holding above 3935 for a quick retest of yesterday high, PT @3945-3950, 3958-3959 (ATH)
CME_MINI:ES1!Long
by Kindredd
💰 +$4,500 In Just 1 Hour! (ES)💰 LET'S GET INTO SOME ES FUTURES CONTRACTS ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ - We were able to generate $4,500 in just an hour prior to market open on the emini futures contract. We will show how below and show proof of trade on twitter. 😁💰💰💰 Best of luck to you and all of your trades this week! 🤜 Drop your charts and comments down below, share with us what you think is going on in the markets! ❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
CME_MINI:ES1!
by UnknownUnicorn2319099
15
ES E-Mini "Forked" In ContextIn earlier centuries, the crowd would had thrown me on a stake if I where to out myself as a "Fork" Evangelist §8-) The Chart: You can see clearly, that price respects the lines of the Fork. For those of you who already attended my free ForkTrading BLUEPRINT, you guys & gals know what I'm talking about. I expect a retest of the L-MLH, if not a crack. The red line, is where I sold Put Options many days ago. I sold them there for a huge credit, because I knew where to expect a pause of price (at the WL1), if a sharp down move steer in my face, which it did. However, this is exactly the reason why I am able to trade with 100% confidence and why I am able to put these high probability trades on, even it looks scary. The Andrews Pitchfork, the Model of Action/Reaction and solid risk management give me the freedom in Trading that I always needed many years ago. We will find out how the story will go on... P!
CME_MINI:ES1!Long
by Tr8dingN3rd
2