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Snp500

#ES Day Trading Prep Week 10.01 - 10.06Level : Current Balance 4378.50 - 4321.50 Resistance 4349.50 - 45.25 // 4362.75 - 59.50 Key Resistance 4378.50 - 74.75 Targets if accept over 4389.75 - 92.25 Area to accept over for continuation to VAL Support 4327.25 - 21.50 Key Support 4310 - 07.25 Targets if can get through HTF Support 4291.50 - 85.75 // 4272 - 65.50 Would need to accept under for any continuation towards the GAP under 4250. Last Week : Marked opened and consolidated around the Edge area with a test and fail over it which gave us a nice move towards lower targets for the week filling Contract Roll Gap and testing HTF Key Support top which provided a nice bid and pushed the market back into the Contract Roll Gap area which was market off as potential place to either bounce or find Support at and so far we have built up inside it and failed to take it out again on Friday. This Week : This might be a tricky week, we have made a big move lower since the start of the move from week 9.17 - 9.22, we had balance extension x 4 to get here and so far looks like might have found new Current Balance maybe at least for short term to do some cleaning ? It is a start of a new month and we do have market moving data and events this week so we will have to see if we actually stay in this 4378.50 - 4321.50 Balance or not. I would think we could at least hold within until mid week or so to build up some more structure to show us the way. If Balance : We are looking to spend some time in this 4378.50 - 4321.50 area and trade with in our Resistance areas are 4349.50 - 45.25 // 4362.75 - 59.50 Key Resistance 4378.50 - 74.75 Support in this 4331.50 - 27.25 - 21.50 areas ? Would need to accept Over/Under Key Resistance / Current Support areas to try and move out of balance. For More Downside : To see more downside ideally we would want to build up more over 4327 - 21 and then get a break / continuation towards Key Support at 4310 - 07.25 area which would be the spot to watch for more continuation and we could target HTF Support high and possibly low with targets at 4291.50 - 85.75 // 4272 - 65.50 this would be spot to get through to try and target lower Gap area under 4250. We would need either more supply build up or selling volume to get us to those areas this week. If heavy volume could see 4240 - 30 - 20s area. For Upside : To see upside from here we would want to build up in this range and start taking out Resistance areas to make a run at the Edge and 4378.50 - 74.75 would be Key Resistance to watch acceptance over to be able to target 4392.25 and VAL area above. We would need either a strong bid or run out of selling above 4370s in order to try and continue higher this week.
CME_MINI:ES1!
by HollowMn
Do Stocks Now Pump Again?Traders, With the dollar and VIX down, there are no surprises with our SPY chart showing a nice big green candle on the daily. The question remains though, will we stay in my channel and above the 200-day sma or will we continue to proceed down to the H&S target of 410? My best guess is that we'll remain in our channel. As postulated previously, the 200-day SMA along with the bottom of my channel may be all the support that is needed to guide us onward and upward. This along with more than 11 straight weeks of DXY strength (time for a break) means that the beginning of Uptober could start today. And look at that RSI helping us out as well! Wave #5 is still well intact. Best, Stew
AMEX:SPYLong
by stewdamus
Trading Plans for WED. 10/04 - Bad News Good News?S&P 500 INDEX MODEL TRADING PLANS for WED. 10/04 The lower-than-expected ADP numbers seem to be giving some hope that the bad news could soften the rising yields and the Fed going forward. The yields have already retreated this morning, and the index is trying to find a floor and rebound. Since our published trading plans two weeks ago pointing out that week's 4505 level as potential top for the near term, the market has been in a free fall mode. Our models indicate 4310 as the level to close above for the current bearish bias to be negated. Any hope derived from bad/disappointing economic numbers could eventually morph into a concern for the economy and the potential recession talk down the road. Until a clear directional bias emerges to the bullish side, trading with technicals and confirmations appears the prudent way, rather than trading on fundamentals. Aggressive, Intraday Trading Plans: For today, our aggressive intraday models indicate going long on a break above 4285, 4270, 4245, 4220, or 4204 with a 9-point trailing stop, and going short on a break below 4265, 4240, 4229, 4217, or 4200 with a 9-point trailing stop.  Models indicate explicit long exits on a break below 4280, and explicit short exits on a break above 4232. Models also indicate a break-even hard stop once a trade gets into a 4-point profit level. Models indicate taking these signals from 10:01am 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, #softlanding, #higher4longer, #higherforlonger, #adp
SP:SPX
by TradersAICorp
Last Down Week for Stocks. Last Up Week for the Dollar.Traders, The dollar is now starting 12 weeks of green. You can see that today it has touched the top of its channel and that has acted as resistance. Additionally, the RSI shows that the dollar strength is now over-extended. I smell a pullback coming very soon. Possibly before the weekend. The SPY (which correlates in part with other major indexes) has this Head and Shoulders pattern in play. Target down is 410. But as I questioned in one of my last videos, is it possible that the target down will be cut short - held up by the 200-day sma which closely correlates with the bottom of my channel? This will act as a huge area of confluence and give the SPY good support. It is possible that the SPY is held up from falling further at this point and this makes sense when looking for clues from our dollar chart. A fall in the dollar would likely correlate to a bounce in stocks. I believe it is reasonable to conclude that stocks will end their pullback soon and we can expect a bounce upward at either the channel bottom OR our target down of 410. Though, I am not sure that the SPY will maintain its posture within the ascending channel, I do not believe this is the end of our upward movement and blow-off top in the stock market ....YET. Best, Stew
TVC:DXY
by stewdamus
H&S on SPY active. Will $410 target be hit?Traders, A strong dollar (11 weeks straight of green candles) and an elevated VIX has helped to trigger a break of this H&S neckline on the SPY chart. The pattern is now playing out but we are on support on the RSI chart where we can usually expect a bounce. Additionally, we have strong support at the 200 day ma just below us. Our target on this H&S is 410. The big question is will we reach that target or will the bottom of my channel which coincides with the 200 day ma catch us before falling that far? Best, Stew
AMEX:SPYShort
by stewdamus
snp a bounce before breaking down further?Just as mentioned about the trendline, once broken more downside to come. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
FX:SPX500Short
by Shadowing_The_Big_Boys
#ES Day Trading Prep Week 9.17-9.22Levels to Watch : Resistance 4508.75-02.50 ? Key Resistance 4532.50-24.25-19 Targets if Over 4548.75-43.75 // 4570.62.50 Support Prev Day Low 4497.25-94.75-90 ? Key Support 4487.25-79.75 Targets if Under VAH, 4465.25-60.25 // 4449.75-45-34.75 ( Needs to break/hold for ANY continuation ) // 4422.75-18.75 // 4403-4392.25 Range Edge 4375.75-4359.50 Last Week : Thursday/Friday after the contract roll we ended up in key bigger time frame Range Edge area at 4508-25, we consolidated around it, held above 4508-02 which brought more buying to give us a push and hold over 4532-24 Resistance midweek. From there market was able to take out 4548.75-43.75 and make a move towards our HTF Supply and next target at 4570-62.50. RTH failed to test it and instead we got a push in, consolidation and fail at that area during Thursday Globex and once we got under the Supply and 4448-43 that gave us a nice end of week sell back towards Previous Resistance and then Support at 4508-02 which we ended up breaking and closing under. This Week : Tonight we are set to open under our previous Balance of 4548-43 // 4508-02 area after a failed break out above at the end of the week. Question this week is this just trapped supply from our 4570-62.50 area or is this bigger selling that could possibly give us continuation this week towards our lower targets? Or do we get consolidating around Key Support / Previous Day Low areas and or find strong enough buying to push us back over 4508.75 and keep us in that balance which chance at higher targets? For the Downside : If the Market fails to to get over 4508.75-02.50 and hold above then we could see a break of Previous Day low and test of 4487.25-79.75 Key Support, depending on volume it could take time to get through but IF we do and start holding under that could give us more selling to continue through VAH towards lower targets -- Contract Roll Gap 4465.25-60.25, We have Swing Stops and Mean at 4449.75-34.75 area if we get through 65-60. This would be area to watch and hold under for any continuation, if we do get through it and get more selling we have 4422.75-18.75 and untested after we broke back in from below VAL area at 4416.50-05.50 as potential targets. With next area to watch at 4403-4392.25. For the Upside : Holding under 4524.25-4508.75-02.50 area means continued weakness, longs would need to be done from lower Support areas either on strong bounces or after some consolidations, if we the selling strong then need to be careful and be ready to exit those quicker. If we do get a hold around Previous Day Low / Key Support area or get strong buying to give us a push back over 4508.75 and hold then we could target a move back towards 4519-24.25 which would be Key Resistance for any continuation higher this week. If we do get a push through 4524.25-32.50 we then could target 4570-62.50 RTH test but for now a lot of Supply above so need to be careful. We could get more sideways balancing action in this 4480-90 // 4525 areas unless we can take out and hold under/over targets, Structure under is not very strong so would be surprising to not see any continuation at least towards 65-60 if we can hold under 4508 but we will have to wait and see what we get.
CME_MINI:ES1!
by HollowMn
Will this H&S on the SPY play out?Traders, In yesterday's post, I hinted at the fact that it looks as though SPY's upward trend, irrational as it may seem, will continue, fulfilling my blow-off top thesis. I still believe this to be true. However, along the way up, there will be obvious pullbacks. We now have what looks to be a completed H&S pattern formed on SPY. Currently, we are testing this neckline support. Need confirmation to know whether it will be a break or not. Tomorrow we should find out. Till then, I am watching this along with the DXY (dollar) closely. If the dollar breaks its overhear resistance, we'll also have our answer here. This head and shoulders pattern on the SPY should then continue to play out. Watch both of these indicators closely to find more clues on further price direction in U.S. stocks and crypto. Until the next update, best on all of your trades! Stew
AMEX:SPY
by stewdamus
SPY (Stocks) looks to continue uptrendTraders, For the last year you have heard me preach this blow-off top. So far, we've nailed it. Today, the FED decided to continue the pause. No surprises here and it turned out to be a non-event in the market. The FED knows that they are "this close" to breaking everything. Macro-economically, we are on the brink of disaster both nationally and globally. Many people know this both logically and instinctively. Still the market will go against all odds and price stocks irrationally. This is happening. And my blow-off top is playing out perfectly! The dollar has had 9 straight weeks of green candles. Time to take a rest. The VIX hit a two year low this last week and remains suppressed. Dollar down + VIX down = Markets UP! Additionally, you can see from a technical perspective indicators that continue to support my blow-off top thesis: Notice Elliot Wave. We are on the final wave now. Notice that trendline (wave 5). We are still above that. Notice Ichimoku cloud is green and beneath us. Notice the 50 candle moving avg below us giving us support. Notice the green area of support below us. I am not telling any one of you that you are wrong if you believe we will eventually go down. I agree with you. But before that? BLOW-OFF TOP! Best in all your trades, Stew
AMEX:SPYLong
by stewdamus
7
snp undecided watching how things play outsnp on daily would not want to see a break on the recent uptrendline. If it does so, likely there would be more down side. Friday's selling removed the whole of last week's mon-thurs up move which i anticipated. Let's monitor how things play out this week **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
FX:SPX500
by Shadowing_The_Big_Boys
Watching for a bounce to resume uptrendSnp as covered last week, we were anticipating a downwards movement..so it did..right now...let's see if it pullback again upwards. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
FX:SPX500Long
by Shadowing_The_Big_Boys
5
#ES_F Day Trading Prep Week 9.04-9.08Levels to Watch : Current Resistance 4532.50 - 24.25 Targets if Over 4548.75 - 43.75 Key Resistance for Any Continuation 4570 - 62.50 Gap (Supply) 4590.75 - 70.50 Current Support 4508.75 - 02.50 Key Support 4487.25 - 79.75 Single Prints 4489.25 - 82.50 // 4469.25 - 57 Last Week : Market opened right in our Current Resistance area for last week and we consolidated all night around it without getting any strong selling, once we ran out of supply we pushed and started holding above using the consolidation as Support which put our higher targets in play for the week. Once we got through Key Resistance with another consolidation under it, we got the next move towards the upper targets, we went through 4487-79 with ease and left single prints on the way up ( more trapped shorts) We did find good Resistance at our 4532-24 target and then just traded around it rest of the week. This Week : Seems like market flushed trapped Supply that built up at our HTF Resistance area into the cost basis, cleaned up under it as we didn't have the needed Support above and now we made another move back over the mean and over VAH with more strength and possible Support under. Quite a few might have gotten too short biased for continuation towards 4300-4200s that they may have been trapped again as market wasn't ready to continue just yet, which now may provide Support for us and if we can hold over 4487-79 then that could bring in more buying which could send us higher before we will see 4300-4200 again. Going into this week we have single prints under us for potential Supports at 4508.75-02.50 // 448725-79.75 areas and 4532.50-24.25 as our Current Resistance needed to be taken out for higher prices. For the Upside : We want to wait and see what we do in this 4524-08 area as right now we are by resistance and would either want to see a test of 4508.75-02.50 and ideally we can't break or flush under and come back in, hold over that area can bring 4532.50-24.25 again and this is our area to watch for continuation. If we get through we could target 4548.75-43.75 and potential a move towards Key Resistance at 4570-62.50 BUT keep in mind that gap above it is our Supply still so closer we get the more supply we will have to chew through so will we make it all the way there or if we will be able to head towards it this week at all? 32.50-24.25 would be area to watch for that. We already made a big move last week and we might need some consolidation over 4487-79 which means it might need time for next move or could be done in smaller range moves higher. For the Downside : Todays sessions while markets were closed failed at 4532.50-24.25 Resistance and holding under it could give us the test of 4508.75-02.50, this would be area to watch for continuation lower, we could find Support but if we take out the stops and hold under we could try to make a move towards Key Support which would be our Single Print area, there are 2 sets of them on the downside and we would want to see if we can fill some of them or not. We would need to get through 4487.79 area with strong volume and hold under for any continuation lower. We are currently in 4520-4480 range and we can spend some time balancing within until next move will be ready.
CME_MINI:ES1!
by HollowMn
#ES_F Daily TF OutlookES broke into this bigger time frame Resistance are back in June, all the shorts who were looking for market crash or reversal got trapped below and became our Support. Cost Basis was built on top of that in 4460-4375 range, once we ran the Stops over 4487 that provided the buying to get us towards the top for this Resistance at 4666-4570 but once we got inside we went sideways in a tighter distribution range instead of getting follow through. In last weeks Weekly prep we knew that we needed to get over 4615-10 area and hold to see continuation higher from here and if not the buying up here was mostly momentum buying and if we start breaking lower stops we can continue lower back towards our Cost Basis areas. 08.01 We got that rejection from 4615-10 and opened on the gap under temp Support which meant the bid that held us up over 4590 on Tuesday was gone. Once we broke that structure and closed under we trapped buyers as supply. What can we look forward to now? Well on bigger scale in my opinion we are in a bigger time frame distribution range, and the goal is to sell product at higher prices to the trapped shorts until market cleans up and decides on direction out of here. This might take some time to clean up as we had a big party getting back up here. UNLESS Market gets under 4375-4290 area and holds under or gets over 4570-4666 and holds then we will balance in this range and do cleaning. This broken structure now becomes our supply, we have Short Stops around 4530-50-60-70 areas but also Supply is right above it so they look pretty strong for now, our lower Support stops on the other hand don't look so strong because we have been away for some time. If market takes out this 4590-80 area we could see continuation for more stops lower. Going forward we can trade this range from area to area, unless we get a bigger change of direction and visible Structure breaks. If we stay in this range once we find Support trading might not be easy as we could get more choppy days and two way trading without much follow through because now we have Supply and most likely still have buying as well. Unless we sell off hard here and break all the lower stops or bounce back over 4520 then we might see market consolidate around 4370-4500 area, holding under 4520-40 will mean continued weakness and I would think this can bring a test of 4300-4290-60 at some point by October. But we focus and gather new market generated information every day and update the outlook as anything can happen.
CME_MINI:ES1!
by HollowMn
SNP likely heading for ATH again!Before it heading to ATH could have something it needs to do before that. To find out what is it, do check out my stream! Thank you! *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
FX:SPX500Short
by Shadowing_The_Big_Boys