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MES1!

ES (S&P 500) 2nd Half of Jul and Week of Jul 17th OutlookSo far the market hasn't shown it doesn't want to go lower. Now that we are in the 2nd Half of July and some Sell-side Liquidity has been taken, I anticipate a move up to rebalance price. For next week starting July 17th we have an ATR of 215 which could put us around the 4060-4080 range in terms of expansion. We have several gaps to fill above and some buy-side liquidity resting above. Key levels next week I can see are 3900, 3920, 3950, 3980, 4015/4030, 4050, 4080. For the rest of July if the bullish expansion is to continue we have an ATR ranging between 360-400. This could put as an expansion between 4085 and 4125. If price can break and stay above 3920 between now and the end of the month, then we may see the full expansion to the 4085-4125 area. Key events and data coming up for the market in the 2nd half of July: Tech & Bank Earnings, Housing Starts & Building Permits, Existing Home Sales & New Home Sales, Durable Goods, Fed Interest Rate Decision, GDP Growth Rate, Personal Spending and Income.
CME_MINI:MES1!
by thacoolbreeze
Using S&P to Identify RecessionInstead of waiting for NBER to officially declare the confirmation of recession, an alternative way to identify is using the U.S. indices quarterly chart, especially the S&P. Typically, economists call a recession when GDP has declined for two consecutive quarters. A committee at the National Bureau of Economic Research (NBER) is responsible for officially declaring when recessions start and end. Why I favour S&P over Dow Jones and Nasdaq? It has 500 companies from the largest to the smallest and from various industries. It is commonly use to benchmark for stock portfolio performance in America, a much wider and broader measurement. Whereas Nasdaq is Tech heavy and Dow Jones with too limited stocks of 30. Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME_MINI:ES1!Short
by konhow
SPY/SPX/ES/MES Elliot Wave AnalysisLooks like a big rally shaping up to end the month of May, but June should be a full-on bear fest, at least to start the month. Major Wave 1 down should end in the 3200 - 3500 zone. Likely, we'll rebound from there into the Fall of 2022. Major Wave 3 will likely project down to the 1500 zone. Major Wave 5 will likely end in late Spring 2023 with target projections somewhere between 1500 - 1200 with a very real possibility of undercutting the 2009 low @ 666. If we do undercut 666, supercycle Wave 5 up should begin, lasting 8.6 years into 2032 and reaching 50k to 100k + on the Dow Industrials. After that, it's possible the whole thing drops to zero and the shithouse goes up in flames. Credit to Dan E. for his wave analysis and Elliot Wave International CME_MINI:ES1! Side note - When things get super volatile, I like to trade the mini ES. Trades great with excellent liquidity.
CME_MINI:MES1!
by imdp
SP500 - Turn ahead, or further flush?Orange Fork: Price reached the centerline and flushed through it. Now fighting against a further stretch. A close above the yellow horizontal would indicate, that price reached it's P3-Swing (3?). Red Fork: Speed fork, which is a measure if the speed will increase or not. Close The close above the red centerline tells me, price is slowing down, because of no further downside action, away from this red CL. From where price is now, chance up or down are 50&50. My personal assumption? I have no frkn clue, I just follow the marekt which is short, until the break of the yellow horizontal line.
CME_MINI:MES1!Short
by Tr8dingN3rd
SP500 to 4200 by 4/20When twitter starts posting VIX charts, you know its time to buckle up for them to scream "GolDen AgE oF AsSeT BubBlEs" when the market, against all the social media narratives, rips shorts to shreds. "ArCHEgOs iS goNnA buRsT tHiS BuBBle" -> /es runs to 4k+ instantly No, this is not the 2001 Tech Bubble. 4104 is top line resistance. If hit, we'll have a small pullback (4050-4060 floor). I estimate the pullback to last approx till 4/14-4/15. Option expiration and after -> Insane melt-up coming. Never short a dull market. This is not financial advice.
CME_MINI:MES1!Long
by parxed