ES OVernight PRice Action Review 8-22-24Going over ES price Action Overnight looking for clues as to what the market is telling us and how we'll position for the morning session.
ISP1! trade ideas
ES1! Future and index level for 22/Aug/2024 My bull index idea is not done yet. market makers already set up their positions for this today and tomorrow,
Bullish market !
My private indicators still indicate market is going high and high previous high level,
previous high level will be broken down.
CKZ Q&A Series- What is your Morning Routine?Pre-Market Preparation:
Review Overnight News and Earnings Reports:** I start by checking for any significant news, earnings reports, or events that might impact the market or specific stocks. This includes macroeconomic reports, company announcements, and sector-specific news.
- **Check Futures Markets:** I look at the S&P 500 futures (often the /ES or E-mini) to gauge the overall market sentiment heading into the day.
2. Tools and Platforms:
TradingView:** I use TradingView for charting and technical analysis. This platform allows me to apply various indicators, analyze multiple timeframes, and set alerts for key levels.
- **VX Algo Indicators:** I rely heavily on my proprietary VX Algo Signals, which include the VX Volume Algo, VX Bands, VX Super Mac D, and VX Moving Averages to identify potential buy and sell signals.
News Aggregators and Twitter: I monitor news aggregators and Twitter feeds for any last-minute developments that could influence the market.
Algorithmic Buy Signals:
VX Algo Signals: I look for buy signals generated by my VX Algo on the 48m timeframe, focusing on signals that align with other indicators and market conditions. I track the performance of these signals during the day and night, as this helps refine my strategy over time.
AMP Futures - Layouts - Tradingview MobileIn this idea we will demonstrate how to access different chart layouts using TradingView Mobile app.
Holding its ownOn Wednesday, the S&P 500 held its own with a positive close and optimistic news about the possibility of a rate cut in September. With this type of environment and Powell speaking on Friday, look for another positive close on Thursday but not a large move. The objective would be a close above 5670.
What Wall of Worry? Path of Least Resistance for NowI reviewed an interesting study Tuesday about V bottoms. Over 20 years of data showing the average "V Bottom" takes nearly 1 year to come back and get into positive territory.
The fact that all US Indexes and many stocks have done this in 10-15 trading trades is pretty remarkable. Will we more path of least resistance at all-time highs or will we see resistance actual hold for a beat.
All US Markets closing green today, Russell 2000 led the indexes today with +1.30%
DXY hitting fresh lows, but 101 and 100 are major technical support levels that I'm watching.
Review at your convenience. Thanks for watching!!!
ES Morning Price Action REview 8-21-24Going over our Main Focus list reviewing the Overnight price action, looking for clues the market left us and our plan for the day.
Es levels & Targets Aug 21stMonday, my target for the rally was 5629, and ES certainly confirmed it. We saw it tested five times from above yesterday and another five times from below. The 5629-5612 range has been nothing but pure chop—overtrading in this zone is a recipe for losing money.
As of now: Buyers need to hold the line at 5623 and 5612 to keep the targets of 5636, 5642, and 5651+ in play. If 5612 fails, we’re likely heading down to 5604 or even 5574.
Today's ES1! future option level Gamma level will push market today
Gamma option energy will drive market value and it will keep push more
NVDA, INTC etc
The S&P 500 May RetraceInitially extremely bullish at those lows, this rally has some internal qualities that smack more of a massive short squeeze and mere bear market rally, rather than a genuine bullish rally.
This may begin to retrace off a lower high—even though we're close to a new ATH, I'm doubtful that it can make it.
If this retraces, the initial target will be this trend line.
AMP Futures - Custom Watchlist - TradingView MobileIn this idea we will demonstrate how to create custom watchlist using the TradingView mobile app.
Setting upThe S&P 500 price action on Tuesday provides the set up as the market waits for the Fed minutes being released on Wednesday. I still think the bias is for move to the upside but with fundamentals being released how the market will move is 50-50.
2024-08-20 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
Indexes - Got their expected pullback but indexes have still not touched even the 4h 20ema. Markets closed near their open which was near yesterdays close. Mostly. Since bears could not even print something than a bear doji, we can expect more sideways at the highs before we will probably get another breakout above.
sp500 e-mini futures
comment: Small stop in the meltup but bulls bought it above the bull trend line. Same as for dax that I do not expect anything below 5600 for now and it should not go above 5650 before FOMC or you can consider me surprised. If anything, I’d bet on a bull breakout and not for strong bears.
current market cycle: Bull trend inside the big trading range on the daily chart
key levels: 5600 - 5650
bull case: Bulls are currently buying the 2h 20ema and did so today. If they keep it above 5600 then 5650 is probably a magnet for tomorrow. On the 1h chart posted today was a two legged pullback down to the current channel and odds favor the bulls to trade back up.
Invalidation is below 5600.
bear case: Bears are happy with stopping the advance and scalps. They took profits at new lows today and the market was barely red on the daily chart. I absolutely expect bears to come around big time again but just not right now. Can JPOW surprise the markets this week or can the market look for an excuse to sell it hard again? Sure. Is this more likely than a continuation up? No.
Invalidation is above 5650.
short term: max bullish above 5600. Below I turn neutral and wait.
medium-long term: Bearish. I gave the 5000 target 3 months ago and we almost got there way earlier than expected. There is a reasonable chance we will see an event unfolding over the next days/weeks. Something breaks during these violent moves and this time will not be different.
current swing trade: Nope.
trade of the day: Selling above 5635 was good multiple times but only for scalps tbh.
Some ES Intrady Supply Demand TradingIn all of my price reading adventures, I like to really keep things simple. I use methods from an old supply and demand community I was once apart of back in 2013 known as RTM (Read the Market).
Fun stuff. Hope you like it.
Gaps usually get filledI was looking at the ES1 (spx futures) and noticed that basically every gap has been filled when looking at Monthly candles. There is one small spot at 1700 that is open (30 points or so). ES1 currently has a very large gap starting at 4600. I believe this will get filled eventually, although it could be years from now... But it is something to be aware of.
ES1! Midpoint resistance Reversal bar so far off of a structural midpoint. It’s always about the middle isn’t it?
- We are halfway there
- The glass is half full
- I’ll take half you take half
- 50%
- Middle of the road
Happy Trading!
ICT lunch macro trade, ESU2024, short scalp, 5min 5 handles ;) short scalp using the ICT lunch macro for a retracement on buystops. 5 handles in under 5 minutes, trading off the mid point of the old NWOG :)
ES Levels & Targets Aug 20thYesterday marked the 8th consecutive green day for ES, with my top target (5629) being hit at 4 PM. Been consolidating since as expected. The focus now should be on trailing any long runners you have a support level fails. Easy money. 5654, 5667 currently in play. If 5615 fails, look for a dip to 5604.
OverNight ES Price Action REview 8-20-24Going over the ES price Action Overnight looking for clues as to how we can trade the opening session.
ES (S&P 500 Futures) continue with the UptrendOn ES (S&P 500 Futures), it's nice to see a strong buying reaction at the price of 5618.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Looking for a pullback4h BOS to the upside. I’m expecting the 15m swing to flip bearish to facilitate the 4h swing pullback. For the 15m chart, I’m expecting an internal bearish flip for a short term pullback. Also mindful that this flip could actually facilitate the more significant pullback that aligns with the 4h chart.
Buying momentum is continuingWith Monday's close and the S&P 500 buying momentum to the upside is continuing. The next challenge will be can the market close above 5660 while waiting for Fed comments this week.
ES Analysis Week of 8/19/2024From the weekly perspective ES has a very large fair value gap (FVG) below. This week's candle is responsible for how large or small the FVG will be by the end of the week. So because of this we may want to look at a lower timeframe to gain an understanding of how much trading range we have this week to trade with. From daily perspective, there is a FVG above current price or a "Resistance FVG" with candlewicks (or "kids left in the daycare") left in it. This is a signal that price will come back and test the close of the daily FVG at 5630. If we continue with our top down analysis and look at the 2HR perspective, there is again, additional confirmation with candlewicks and bodies, left in the resistance FVG above current price action. The 2HR FVG closes at 5643.
We also want to ensure we look below price action at "Support FVGs". From the daily perspective, price action could fall to retest the opening of the daily FVG at 5536. But beware of the 15min FVG close at 5550, above the daily opening! If price action is not ready to enter this lower FVG, we may find support at 5550.
There is potential for this week's candle to form like a doji. We have inflation data later this week, so I believe today and tomorrow's movement will help set up the charts for any surprises with the data.
Trade safe this week and take what the market can give you and be grateful for a profitable day! Happy trading!
