Weekly Analysis for 6/24/2024 & Small Account Challenge UpdateI provide an update on my small account challenge and talk about some of my analysis and expectations for next week. I think it could be a great week for trading now that we have gotten through some important economic events and OPEX. I'll be looking for aggressive longs if VX continues to decay and NQ remains above 20k.18:27by AdvancedPlays0
6/23 | $ESSame idea as $NQ. Last week's low at 19 must hold. Otherwise, we can see 1.5-2% retracement. Buy zone of interest below labelled as green box. Around $5392-5442.by StonksSociety1
Es pullbackVolume analysis and PA showing potential for a down week or longer Shortby TradesOTFuture2
ES - Never Ending Bull-Run!When is ES gonna call the quits to bullish price action...?07:05by LegendSinceUpdated 3
#202426 - priceactiontds - weekly update - sp500 e-mini futuresGood Day and I hope you are well. sp500 e-mini futures Quote from last week: bear case: What do the bears have going for them? Nothing and if anything, pure speculation and low probability stuff. The chart is showing multiple wedges, we are clearly in multiple third pushes up (W5) and volume is drying up. Once the institutions begin taking profits on the magnificent 7, we will see big moves down to end the trend and enter a trading range. The bull trend line around 5300 will be hit in the next 2-4 weeks and afterwards I think we will form a lower high before we will be on our way to 5000 again. As of now I think bears want to see a big climactic bull bar to 5600 before they begin shorting again. comment: Market did exactly what I wrote in my last bear case sentence. Climactic bull bar on Monday with some follow through Tuesday and Wednesday to almost 5600 and then a pullback. Bulls touched the big upper bull trend line which began on 2023-02-02. Bears broke below the very tight bull channel but just so slightly and with tails below the daily bars. I expect the market to retest the highs again before another second leg down, which could then form into a decent pullback, like the one we had in April. Market sentiment is max bullishness from everyone everywhere and the posts about “this time it’s different” have become common. It’s the fomo phase where your Mother asks if she should buy some Nvidia stocks. current market cycle: End of the bull trend is near. Will soon see a bigger pullback. key levels: 5400 - 5600 bull case: Bulls will probably retest the highs or even make a higher high soon. First pullbacks / low 1, is a buy signal in a bull trend. After that retest, I - again, have nothing for the bulls. We are at the peak of this bubble imo and that’s where you get cautious and not even more bullish. Nvidia will touch 100 over the next weeks, if not days. Invalidation is below 5400. bear case: The profit taking has begun imo. All bullish targets are met and we are trading at multiple upper resistance lines and prices. The daily ema is 80 points away and will get tested soon. Bears see the 3 pushes up from end of May and now want a decent pullback to the bull trend line around 5400, wich is also the breakout retest. Invalidation is above 5620. outlook last week: No interest in buying here unless it’s a momentum scalp. I will look for weakness and a trade back to a test of the daily 20ema which is around 5400. Bulls are still heavily favored in terms of probability. → Last Sunday we traded 5502 and now we are at 5534. New ath was 5587, so my outlook was good for 85 points. You. Are. Most. Welcome. Compare that to Newsletters who cost 130$ per month and include planetary constellations in their market analysis. short term: Don’t get too bearish too soon. You never want to try to pick a top or a bottom. Let the big bois with endless money do that for you and follow along. Expecting another push for retest of the highs, followed by another leg down, as painted in my chart. medium-long term: Bull trend is in the last legs and this will soon pull back much further and form a big trading range. I gave 5600 months ago and we are close enough to it or will touch it next week. Afterwards the money is made on the downside. 5300 over the next 1-2 weeks, followed by 5000 over the summer. current swing trade: None but will enter new shorts next week. Chart update: This is my best guess on how the next 3-9 months will play out. Two-legged correction down to 5000 over the next 4-8 weeks, followed by a last lower high before the next big bear trend will begin. That’s only price-wise but not time wise. Could get there much faster or much slower.Update: slightly adjusted the bigger two legged correction and added a smaller one.by priceactiontds1
ES 5560 breakout or 5530 breakdown🚨ES 5560 is the short squeeze point. Reclaiming it means a squeeze; failing the test means a drop. We didn't even try to test this level today, which is favorable for bears. 📉 ES 5530 is a very weak support level, and it failed early today. Keep an eye on market movements and trade carefully! by infinity_kk0
ES Longer Term Analysis 6-22-24Going over the ES price action last few months. looking for clues and hints as to what the market wants to do for next week. 06:19by BobbyS8130
Market Recap: 3.56R Today With 3 LosersVery fun trading day with a lot of action in both directions. I was able to win 4 trades even though I lost 3. I also missed a couple trades but, you can't take them all. In this video, I covered the price action throughout the day within a 1 minute chart. I spent time highlighting the trades that I did take and the thought process behind them. 05:25by JoeRodTrades1
MES OutlookMES has been strong coming out of the monthly FVG. Expecting higher prices for now, more ATH's.Longby Chucklh0
Sideways to higherThe expectation for the S&P 500 on Monday is for a sideways the higher move. The price action on Friday implies profit-taking not necessarily a change in market direction. The Asia session of this market will provide some guidance for Monday's behavior.02:11by DanGramza0
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Friday 6.21.24 Trade setups SPX/ES/SHOPSHOP breaks and hold 65 now 63 buy 30 days out calls Watch video for ES and SPX Idea ..key level for open and 10 Bank orders. ES 5443-5438.. Setup bull target 5468 Setup bear target 5413 Stay Frosty! 06:10by Beyond_Charts0
ES printed a top on DailyMy brand new indicator Impulse Master printed a topping signal on Daily However, the bull run in NQ is 70% completed on Dailyby CastAwayTrader0
BalanceThe structure in the S&P 500 for Thursday implies balance going into Friday's market action. The price structure is bearish I'm looking for an inside day as we head into the weekend.01:32by DanGramza3
2024-06-20 - a daily price action after hour update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment: Interesting trading day to say the least. Globex rallied 27 points to 5587 where it stalled for couple of hours and then before US opened the floodgates were opened. Just strong selling throughout the day with huge bull spikes in between. Bears accomplished a drop of 23 points from open to close, that’s just weak but Globex high to daily low was 62 points. The 15m 20ema was decent today and bulls kept it above the important bull trend line and still far above the daily ema which is at 5450, so 100 points to go. Market has formed a triangle at the lows, which will probably just break out sideways in the Globex and EU session. Since tomorrow is Globex, I have no opinion on where we close the week tbh. Rough guess is at least a close below 5560 but I prefer a close below the bull trend line and below 5500 but that’s low probability. current market cycle: Max bullishness & peak bubble territory. Literally the peakiest of the peaks. Mother of all bubbles. Will end over the next weeks. —unchanged key levels: 5500 - 5600 bull case: Bulls want to stay above 5540 which is my big orange support line. If they fail here, they will most likely also fail at the bull trend line and then 5480/5500 will come fast. Bulls bought every new low today and made money on lower time frames but they could not close above the 15m 20ema. That will be their first target for tomorrow and then above the 1h ema. I expect a pullback tomorrow and depending on how strong it is, another leg down or total melt up to 5600 into opex. Invalidation is below 5520. bear case: Bears had a decent day today. Naturally they want a second leg down, which would bring us to around 5460/5470, which would be my preferred close of this week. Since we are at bigger support, I don’t have much confidence in the bears. Need to see tomorrows price action in EU session. Invalidation is above 5560. short term: Neutral here between 5520 - 5560, bullish above and bearish below medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. Will update this time and price wise over the weekend but I expect to at least see 5000 over the next months in 2024. —updated weeks to months. current swing trade: None trade of the day: Shorting every pullback near the 15m ema was decent.by priceactiontds0
ES Price Action Review 6-20-24Going over the Days price action. looking back reflecting on our trades and what the market was telling us. always take shots while managing risk. dial in our trade plan. if the plan isnt working change the plan but not the goal. 03:29by BobbyS8130
Algorithmic Precision with Average Range LevelsThis tool is just insane... it can tell you where you can expect High/Low of the DAY!by Keclikk1
$ES next bounce Next bounce at; 5530.25- 5526.75 Manage risk; a 15 min close below 5526.75 Reward; 8 ticks+ Longby SimpleJackTrading0
Patience Provides Payouts NYSE:ES if you want to go long for a scalp of 8+ ticks with minimum risk wait until we hit any of these ranges; 5550.50 - 5543.25 5530.25 - 5526.75 5514.00 - 5509.50Longby SimpleJackTrading1
Morning Session Review ES 6-20-24Going over the Morning Session looking for clues as to what the market is telling us. focusing on our new trade rating system 1-10. 1 trade is impulsive not part of our plan. 10 is we found a trade that fit our trade plan, took action at appropriate time and managed per our system. keep working hard and never Quit. 03:10by BobbyS8130
ES Trade Plan, June 20thExcellent follow through from buyers. And this is charting 101. Tuesday here, I pshared that ES is bull flagging for rally to 5567, 5575, 5585-90. We just hit 85-90. All bonus now for buyers from here. As of now, 5575-76 (weak now), 5560-62 (weak) are supports. Buyers must hold above to keep 5595, 5610 in play . we sell if 5560 fails. CME_MINI:ES1! by ESMorg1
ES Price action Review OverNight session 6-20-24going over the price action overnight and the holiday session from yesterday ES. looking for setups and basic plan for today. 06:48by BobbyS8130