Get started

SPX (S&P 500 Index)

Trading Plan for Thursday, April 25th, 2024Trading Plan for Thursday, April 25th, 2024 Market Sentiment: Uncertain, with bulls maintaining short-term control. Key Supports Immediate Supports: 5088-92 (major), 5082, 5077 (major), 5067 Major Supports: 5054-57 (major), 5033-36 (major), 5005-10 (major), 4966 (major) Key Resistances Near-term Resistance: 5104 (major), 5115-20 (major), 5133-36 (major), 5171-75 (major) Major Resistances: 5191 (major), 5225, 5240-45 (major) Trading Strategy Trading the Chop Zone: The 5088-5115 range is currently a choppy, congested zone. Exercise caution with overtrading and consider sniping within the zone over chasing direction. Long Opportunities: Look for failed breakdowns at 5088-92 or 5077. After earnings, focus on bids cautiously within the range, prioritizing the knife-catch protocol for deeper longs at major levels. Short Opportunities: Look for backtests of 5115 or the major 5171-75 zone if reached. Given earnings, a breakout of the current flag pattern is possible and could be considered, but use caution. Profit-Taking: With Meta earnings, use level-to-level profit-taking on any position. Bull Case Holding Support: Defending the current bull flag structure (5088-5115) is critical. Look for a base building within this range or a breakout. Reclaiming Resistances: Bulls need to push above the 5133-36/5155 zone for a potential run to the next major target, 5171-75. Bear Case Breakdown Signals: A convincing break below 5077 triggers the downside move. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 25th, 2024 Earnings Releases Meta Earnings: Reports weak revenue guidance, drops 16%.
CME_MINI:ESM2024Long
by spytradingpro
Earnings season produces wild movesAfter the closing bell on Tuesday, Tesla reported its earnings for the first quarter of 2024. Despite the report showing a 9% YoY decline in total revenue and a staggering 55% YoY drop in net income, along with an increase in operating costs by 37% YoY, shares of the company soared more than 12% in the aftermarket. The price action, however, was not the same for Meta Platforms, which delivered much better results yesterday, with revenue growing by 27% YoY, net income by 117% YoY, and operating costs by 6% YoY; yet, the company’s shares plummeted more than 15% following the announcement. While trying to wrap our heads around these moves, we would like to point out the double divergence forming on the monthly graph between the price and RSI, shown in Illustration 1.01. In addition to that, we would want to highlight an impending bearish crossover between the 20-day SMA and the 50-day SMA, both of which currently act as crucial resistance levels. If the SPX breaks and maintains ground above them, it will be positive, but if the SPX fails, it will be slightly worrisome. Besides that, another spike in the VIX will also be concerning. Today, there are several important data releases, including jobless claims, GDP growth rate, wholesale inventories, and pending home sales. Furthermore, several big names are reporting their earnings, most notably Alphabet and Microsoft. Illustration 1.01 Above is the monthly chart of SPX and RSI. Yellow arrows indicate the first and the second divergence between the price and RSI. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPX
by Tradersweekly
Trading Plan for Wednesday, April 24th, 2024Trading Plan for Wednesday, April 24th, 2024 Market Sentiment: Uncertain, with bulls maintaining control after yesterday's rally but price action becoming more complex after a trend day. Key Supports Immediate Supports: 5095-5100 (major), 5082, 5076 (major), 5067 Major Supports: 5056 (major), 5047-45 (major), 5027 (major), 4996-5000, 4966 (major), 4945-49 (major) Key Resistances Near-term Resistance: 5120 (major), 5136 (major), 5171 (major), 5190 (major) Major Resistances: 5220 (major), 5246 (major) Trading Strategy Post-Trend Caution: After a significant move yesterday, be aware of complex price action and increased potential for traps. Prioritize caution over conviction. Long Opportunities: Due to the choppy nature of post-trend days, direct bids are less reliable. Consider bids with a failed breakdown at 5090 (after it's reclaimed) or on major supports (5056, 5046-45). Prioritize the knife-catch protocol for deeper longs. Short Opportunities: Look for backtests of 5136 and particularly 5171 for shorting. A breakdown below 5076 could open up downside targets, with level-to-level profit-taking. Risk Management: Scale back position sizing and be prepared to potentially take some losses while price discovery takes place. Bull Case Holding Support: Defending the 5045 zone is encouraging for bulls. Reclaiming Resistances: Bulls need to push above the 5120/5136 zone for a potential run to the next major target, 5171. Adding on Strength: Breaks and acceptance above 5095, within a bull flag pattern, could offer opportunities for adding to long positions. Observe closely to ensure it's not a backtest for a downside rejection. Bear Case Breakdown Signals: A convincing break below 5045 triggers the downside move, while a short-term failure of 5076 could lead to a dip. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 24th, 2024 Economic Environment IMF Global Financial Stability Report highlights optimism and lingering risks. US Dollar's strength despite expectations of decline. Economic indicators: Focus on upcoming employment report, CPI report, and Bitcoin halving. Stock Market Updates S&P 500 performance: new highs followed by a downturn due to inflation concerns. Additional Market News Boeing's quarterly performance and supply chain stabilization. Reminder: The market is reacting to a mix of earnings reports, economic data, and the critical battle at the 5040 resistance. Prioritize risk management and adapt your trading strategy accordingly. Let me know if you'd like any changes!
CME_MINI:ESM2024Long
by spytradingpro
SPX Will Go Up! Buy! Please, check our technical outlook for SPX. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 4966.93. The above observations make me that the market will inevitably achieve 5113.40 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
SP:SPXLong
by SignalProvider
1
Big earnings this week could pave the way for a reboundThe S&P 500 Index has been edging lower for nearly a month, accompanied by a rise in volatility. From its all-time highs in late March 2024, the SPX has declined about 5.6%, which begs the question of a rebound. Interestingly, this week, several big names, including Alphabet, Meta Platforms, Microsoft, and Tesla, are reporting their earnings for the first quarter of 2024. If these results are generally good, then there is a significant chance that SPX will recover some of the losses. However, if earnings fail to fulfill investors’ expectations and there are notable downgrades to future forecasts, it could spark more fear among investors and rekindle volatility in the market. Illustration 1.01 The picture above shows the daily graph of SPX and two simple moving averages, the 20-day SMA and the 50-day SMA. The yellow arrow indicates an impending bearish crossover between these two moving averages, which represent resistance levels to watch out for in the case of a stock market rebound. Technical analysis gauge Daily time frame = Bearish Weekly time frame = Bearish *The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
SP:SPXLong
by Tradersweekly
TESLA 130 AFTER EARNINGS !! High Valuation: Tesla’s market capitalization has skyrocketed in recent years, leading some to argue that its current valuation is not justified by its earnings or sales figures. If these critics are correct, Tesla’s stock could be overpriced, and a market correction could be on the horizon. 2. Competition: The EV market is becoming increasingly crowded. Traditional automakers like General Motors and Ford are ramping up their EV production, and newcomers like Rivian are making waves as well. Increased competition could erode Tesla’s market share. 3. Regulatory Risks: Tesla operates in a highly regulated industry. Changes in policies related to EVs, self-driving technologies, or environmental standards could have a significant impact on Tesla’s operations. 4. Production and Delivery Challenges: Tesla has faced criticism for production delays and quality control issues in the past. If these problems persist, they could harm Tesla’s reputation and bottom line.
NASDAQ:TSLAShort
by NYRUNSGLOBAL
Trading Plan for Tuesday, April 23rd, 2024Trading Plan for Tuesday, April 23rd, 2024 Market Sentiment: Uncertain, with bulls and bears battling at key resistance after yesterday's recovery day. Key Supports Immediate Supports: 5040 (major), 5032, 5020 (major) Major Supports: 4996 (major), 4959 (major), 4938 (major), 4903 (major) Key Resistances Near-term Resistance: 5057 (major), 5081 (major), 5102 (major), 5115 (major) Major Resistances: 5129 (major), 5141 (major), 5167 (major), 5186-90 (major) Trading Strategy The 5040 Battleground Continues to be critical. Observe for breakouts or breakdowns with close attention. Long Opportunities: Due to the choppy nature of the 5040 zone, direct bids are less reliable. Consider bids with a failed breakdown at 5032 or on major supports (4959, 4938). Prioritize the knife-catch protocol for deeper longs. Short Opportunities: Look for backtests of 5081 and particularly 5102 for shorting. A breakdown below 5020 could open up downside targets. Profit-Taking: On shorts, consider taking profits entirely at major levels, especially given ES's tendency to short squeeze. Bull Case Holding Support: Defending the 5040 zone is encouraging for bulls. Re-tests and quick recoveries signal buying strength. Reclaiming Resistances: Bulls need to push above the 5081/5102 zone for a sustained recovery attempt. Adding on Strength: Breaks and acceptance above 5057 could offer opportunities for adding to long positions. Observe closely to ensure it's not a backtest for a downside rejection. Bear Case Breakdown Signals: A convincing break below 5020 triggers the downside move, likely targeting 4975 or lower. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 23rd, 2024 Economic Environment US GDP growth and the impact of interest rates on corporate America. IMF projections for global economic growth and inflation expectations. Bond market signals regarding Federal Reserve policy. Market Analysis Upcoming economic data releases: GDP estimate and key inflation measure. Reminder: The market is reacting to a mix of earnings reports, economic data, and the critical battle at the 5040 resistance. Prioritize risk management and adapt your trading strategy accordingly.
CME_MINI:ESM2024Long
by spytradingpro
S&P500: 1D MA100 hit. Short term rebound at least to be expectedS&P500 is bearish on its 1D technical outlook (RSI = 37.601, MACD = -44.800, ADX = 58.528) as it touched the 1D MA100 on Friday after more than 5 months. This calls for a short term rebound at least as every previous corrective wave inside the multi month Channel Up that approached the 1D MA100, it rebounded to at least the 0.618 Fibonacci level. Following our last short call, we are now turning long again (TP = 5,115). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
1
$SPX over perform NQ | Shift towards valueBeen tracking this one for weeks now as we've formed a bottom and reclaimed support. We think across markets, we're seeing a macro shift away from speculative tech and towards value. TVC:SXXP (European SPX) could be forming a bottom vs SPX as well. What this over performance could look like remains to be seen. Could be more defensive in a downward move or if we catch support, it could be over performance to the upside. Regardless, the real message here is the shift away from US tech for the foreseeable future. Finally breaking through to bull side RSI on the weekly and AO flipping bullish. not touching NQ for a good while. Something to note is the original support bottom on this chart was the Nov '21 top across markets and Jan '23 was market bottom.
SP:SPX
by drcrypto14
SPX500 looks oversold at current levelsThe daily SPX500 looks oversold at current levels. This may cue the short-term trades to position themselves bullishly as the daily RSI normalizes. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763). Please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website: Stratos Markets Limited clients please see: www.fxcm.com Stratos Europe Ltd clients please see: www.fxcm.com Stratos Trading Pty. Limited clients please see: www.fxcm.com Stratos Global LLC clients please see: www.fxcm.com Past Performance is not an indicator of future results.
FX:SPX500Long
by FXCM
Trading Plan for Monday, April 22nd, 2024Trading Plan for Monday, April 22nd, 2024 Market Sentiment: Uncertain, with bulls and bears at a crossroads. Geopolitical risks remain a factor, and market reaction to earnings reports and economic data will be crucial. Key Supports Immediate Supports: 4996-5000 (major), 4990, 4975 (major), 4966 Major Supports: 4958 (major), 4937 (major), 4904-08 (major), 4878 (major) Key Resistances Near-term Resistance: 5013, 5027 (major), 5039, 5045 (major) Major Resistances: 5081 (major), 5108 (major), 5125-30 (major), 5146-50 (major), 5190 (major) Trading Strategy Geopolitical Awareness: Remain vigilant about weekend news developments and potential market impact. Long Opportunities: Due to potential volatility, exercise caution with long positions. Prioritize bids at 4975 (a reaction may signal buying strength) or on failed breakdowns of overnight lows at 4963. For deeper longs, focus on major supports (4937, 4904), utilizing the knife-catch protocol. Short Opportunities: Look for backtests of 5045, 5081, and particularly 5108 for shorting. A breakdown below 4958 could open up downside targets. Profit-Taking: On shorts, consider taking profits entirely at major levels, especially given ES's tendency to short squeeze. Bull Case Reclaiming Resistances: Bulls need to regain control by reclaiming 5045 and pushing back into the red channel/flag around 5108 for a sustained recovery attempt. Holding Support: Defending the 4996-5000 zone is encouraging for bulls. If 4958 holds on a retest, it may signal a relief bounce. Adding on Strength: Breaks and acceptance above 5013 could offer opportunities for adding to long positions. Observe closely to ensure it's not a backtest for a downside rejection. Bear Case Breakdown Signals: A convincing break below 4958 triggers the downside move, likely targeting 4937 or lower. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting with level-to-level profit-taking. News: Top Stories for April 22nd, 2024 Economic Environment IMF Global Financial Stability Report highlights optimism and expectations for policy easing. Verizon earnings report provides insights into the telecommunications sector. Focus on big tech earnings and their potential impact on market trends. Monitoring of economic indicators: commodity currencies, Asian shares, European currencies, and industrial output data from Poland, Taiwan, and China. Market Focus Sector analysis: Focus on communication services and energy sectors. Upcoming economic events: employment report, CPI report, and Bitcoin halving. Additional Market News Earnings season: Focus on major bank reports. Regulatory and legal updates: SEC activities and discussions on college debt and retirement planning. Reminder: The market is reacting to a mix of geopolitical events, earnings reports, and economic data. Prioritize risk management and adapt your trading strategy accordingly. Let me know if you have any further questions or would like changes made!
CME_MINI:ESM2024Long
by spytradingpro
Will it fall more?From the graph we have a great possibility. If prices do not overcome the 17.05 region we can see prices seeking first the long average (white line) and then the 15.09 and 14.83 bands (support). For this to happen, prices must drop below 15.95, as shown below. Resistances: 16.79 and 17.05. Supports: 15.09 and 14.83. The value of 14.83 is a possible target with the loss of the 15.94 region. Do your analysis and good business. Be aware, if you buy, use stop loss. See other graphical analyzes below.
NYSE:T
by MacD_Bollinger
2
S&P weekly consolidation in progressAt the end of last week, sellers confirmed weekly consolidation by closing below the previous week's low. From now on, bears have control over the price on the weekly timeframe. We should monitor the progression of weekly lows and highs to see when things start to shift, but until then, we should trust the sellers. It is also notable that if we look at the futures chart ( CME_MINI:ES1! ), we can see that buyers were unable to close above the previous day's high for the last 10 trading days. If buyers want to regain control, this will be their first objective. Please note that the price is currently positioned near the previous month's low, which can provide an intermediate support level. If you’re planning to short the market, it is better to wait for a pullback or for a breakout with retest. Finally, if weekly consolidation will convert into monthly consolidation it will be a major win for bears. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
AMEX:SPYShort
by hermes_trisme
👀 Three Black Crows. Bear Market Candlestick PatternThree Black Crows is a term used to describe a bearish candlestick pattern that can predict a reversal in an uptrend. Classic candlestick charts show "Open", "High", "Low" and "Close" prices of a bar for a particular security. For markets moving up, the candlestick is usually white, green or blue. When moving lower they are black or red. The Three Black Crows pattern consists of three consecutive long-body candles that opened with a gap above or inside the real body of the previous candle, but ultimately closed lower than the previous candle. Often traders use this indicator in combination with other technical indicators or chart patterns to confirm a reversal. Key points 👉 Three Black Crows is a Bearish candlestick pattern used to predict a reversal to a current uptrend, used along with other technical indicators such as the Relative Strength Index (RSI). 👉 The size of the Three black crow candles, timeframe they appeared on, the gaps when they opened, the downward progression sequence, as well as their shadows can be used to judge whether there is a risk of a pullback on a reversal. 👉 The “Three Black Crows” pattern should be considered finally formed after the sequential closure of all three elements included in it. 👉 The opposite pattern of three black crows is three white soldiers, which indicates a reversal of the downward trend. But maybe more about that another time. Explanation of the Three Black Crows pattern Three Black Crows is a visual pattern, which means there is no need to worry about any special calculations when identifying this indicator. The Three Black Crows pattern occurs when the bears outperform the bulls over three consecutive trading bars. The pattern appears on price charts as three bearish long candles with or without short shadows or wicks. In a typical Three Black Crows appearance, bulls start the time frame with the opening price or gap up, that is, even slightly higher than the previous close, but throughout the time frame the price declines to eventually close below the previous time frame's close. This trading action will result in a very short or no shadow. Traders often interpret this downward pressure, which lasted across three time frames, as the start of a bearish downtrend. Example of using Three black crows As a visual pattern, it is best to use the Three Black Crows as a sign to seek confirmation from other technical indicators. The Three Black Crows pattern and the confidence a trader can put into it depends largely on how well the pattern is formed. Three Black Crows should ideally be relatively long bearish candles that close at or near the lowest price for the period. In other words, candles should have long real bodies and short or non-existent shadows. If the shadows are stretching, it may simply indicate a slight change in momentum between bulls and bears before the uptrend reasserts itself. Using trading volume data can make the drawing of the Three Black Crows pattern more accurate. The volume of the last bar during an uptrend leading to the pattern is relatively lower in typical conditions, while the Three Black Crows pattern has relatively high volume in each element of the group. In this scenario, as in our case, the uptrend was established by a small group of bulls and then reversed by a larger group of bears. Of course, this could also mean that a large number of small bullish trades collide with an equal or smaller group of high volume bearish trades. However, the actual number of market participants and trades is less important than the final volume that was ultimately recorded during the time frame. Restrictions on the use of three black crows If the "Three Black Crows" pattern has already shown significant downward movement, it makes sense to be wary of oversold conditions that could lead to consolidation or a pullback before further downward movement. The best way to assess whether a stock or other asset is oversold is to look at other technical indicators, such as relative strength index (RSI), moving averages, trend lines, or horizontal support and resistance levels. Many traders typically look to other independent chart patterns or technical indicators to confirm a breakout rather than relying solely on the Three Black Crows pattern. Overall, it is open to some free interpretation by traders. For example, when assessing the prospects of building a pattern into a longer continuous series consisting of “black crows” or the prospects of a possible rollback. In addition, other indicators reflect the true pattern of the three black crows. For example, a Three Black Crows pattern may involve a breakout of key support levels, which can independently predict the start of a medium-term downtrend. Using additional patterns and indicators increases the likelihood of a successful trading or exit strategy. Real example of Three black crows Since there are a little more than one day left before the closing of the third candle in the combination, the candlestick combination (given in the idea) is a still forming pattern, where (i) each of the three black candles opened above the closing price of the previous one, that is, with a small upward gap, (ii ) further - by the end of the time frame the price decreases below the price at close of the previous time frame, (iii) volumes are increased relative to the last bullish time frame that preceded the appearance of the first of the “three crows”, (iv) the upper and lower wicks of all “black crows” are relatively short and comparable with the main body of the candle. Historical examples of the Three Black Crows pattern In unfavorable macroeconomic conditions, the Three Black Crows pattern is generally quite common. The weekly chart of the S&P500 Index (SPX) below, in particular, shows the occurrence of the pattern in the period starting in January 2022 and in the next 15 months until April 2023 (all crows combinations counted at least from 1-Month High). As it easy to notice, in each of these cases (marked on the graph below) after the candlestick pattern appeared, the price (after possible consolidations and rollbacks) tended to lower levels, or in any case, sellers sought to repeat the closing price of the last bar in series of the Three Black Crows candlestick pattern. Bottom Line 👉 As well as in usage of all other technical analysis indicators, it is important to confirm or refute its results using other indicators and analysis of general market conditions. 👉 Does History repeat itself? - Partially, yes.. it does. This is all because financial markets (as well as life) is not an Endless Rainbow, and after lovely sunny days, earlier or later, dark clouds may appear again, and again.
SP:SPXEducation
by Pandorra
Trading Plan for Friday, April 19th, 2024Trading Plan for Friday, April 19th, 2024 Market Sentiment: Uncertain, with bulls and bears battling at the critical 5045 support zone . A decisive break in either direction will set the tone for the next market move. Key Supports Immediate Supports: 5044-46 (major), 5039, 5033 Major Supports: 5020, 5013 (major), 5000, 4990-95 (major), 4959 (major), 4937 (major) Key Resistances Near-term Resistance: 5054 (major), 5066, 5077-5082 (major) Major Resistances: 5112-5115 (major), 5150-55 (major), 5177-80 (major), 5203 (major) Trading Strategy Focus on the 5045 Zone: This zone has become a battleground. Observe closely for breakouts or breakdowns, as these will trigger the next directional move. Long Opportunities: Due to the choppy nature of the 5045 zone, direct bids are less reliable. Consider bids with a failed breakdown at 5039 or only at major support levels, particularly 5013 and 4990-95. Prioritize the knife-catch protocol for deeper longs. Short Opportunities: Look for backtests of the 5077-82 zone, or more reliable setups at 5112-5115 and 5150-55 for shorts. A breakdown below 5039 offers short potential, targeting 5013. Profit-Taking: On shorts, consider taking profits entirely at major levels, especially given ES's tendency to short squeeze. Bull Case Holding Support: Bulls need to defend the 5045 zone to maintain control. Relief Bounce: If 5045 holds, a bounce to 5082 and potentially 5112-15 is possible, with further upside potential to 5150-55 if momentum is sustained. Adding on Strength: Breaks and acceptance above 5054/5060 could offer opportunities for adding to long positions. Bear Case Breakdown Signals: A convincing break below 5039 triggers the downside move, likely heading towards 5013 and potentially 5000. As always, be wary of traps – look for a bounce/failed breakdown first, then consider shorting. News: Top Stories for April 19th, 2024 Economic Environment Inflation remains a factor despite a decline. Corporate profits show resilience. Potential for a record-breaking expansion cycle in the US. Uncertainty surrounding persistent inflation or negative economic news. Reminder: The market is reacting to the battle at the 5045 level. Prioritize risk management and adapt your trading strategy accordingly.
CME_MINI:ESM2024Long
by spytradingpro
Liquidity Crisis may happen, Market TOPPED OUTLiquidity Crisis may happen most of hedgefund did buying treasury bond and then treasury bond margin loan , so they made almost 50x leverage on bond market times over and over now only t-bill s gonna be recognized as collateral so t-bill market happend this method But NFP is too strong, FED didn't do Rate Cut now So t-bill is bubbled now, we are gonna kill it and stock market just knew there's plenty of liquidity until today Only when the tide goes out do you discover who's been swimming naked. So market topped out
TVC:NDQShort
by newjeansoldjean
5