WSP1! trade ideas
A look at the ES1!What's up traders,
Havent posted in a while.
Heres my take and outlook for next week, using the MES1! (SP500)
Current Outlook
Technical Look:
Momentum Bearish -323.25 (looks weak)
MACD Bearish, possibly inflecting
RSI 36.72, off lows and crossing MA (oversold)
200D SMA at 5775.75 (Below the 50 Day)
50D SMA at 5967.43 (Above the 200 Day) Trending towards a Death Cross
Price Action
Bullish Engulfing Candle on the March 14 bounce.
Price successfully crossed the 5600 Psychological Level
We bounced at ~5500
Experiencing resistance in the 5640-5620 Range (expected)
Sentiment
Canada showed promise as heading towards a (take your best guess at the details) resolution to the tariff fight with the united states.
Tariffs remain a major drag on the stock market pricing.
Government shut down at time of this post, is apparently narrowly avoided.
Gold Set a new high.
Outlook for Next Week
Economic Reports
Monday - Retail Sales 830AM
Tuesday - Building Permits, Housing Starts 830AM
Wednesday - Fed Int Rate Decision 2PM, JPOW Speech 230PM
Thursday - Existing home sales 10AM
Notable Earnings Reports
Micron
Nike
Fed Ex
General Mills
Carinval Cruise
NIO
Tencent
I viewed the Firday bounce as a sort of 'relief rally'. My belief is that we could go higher on the back of it. The market has majorly 'oversold' by the numbers - and the probability of a bounce became increasingly likely. Upside resistance to remain mercurial on the rapidly changing sentiment narrative.
A possible outcome: retest the underside of the 200DMA.
I do not expect a notable price recovery towards ATH's until the tariff effects are known, which means: I expect higher than normal volatility for several months
Earnings projections (in the coming earnings season) will shed the required light on reality.
I have been adding long term holds - such as:
GDX
DAX
META
GOOG
AMZN
BABA
UNH
C
CRWD
IBIT
NVO
CMG
INDA
AVGO
I remain ~90% cash at ~3.7% yield.
Resistance possibly at:
5672 August 2024 Resistance, September 2024 Support
5724 July 2024 Resistance and later Support
5775 (200 Day SMA)
ES futures update 14/03/'25The key trading zones from yesterday's analysis remain unchanged.
Yesterday's plan was to short at the demand zone retest after the breakdown, but the trade was cancelled since price never reached my entry point.
Today, I'll be watching for either a short opportunity at the 4H supply zone or a long position after a breakout and retest of the supply zone.
Follow me for more trading updates.
MES!/ES1! Day Trade Plan for 03/14/2025MES!/ES1! Day Trade Plan for 03/14/2025
📈5600 5640
📉5560 5520
Like and share for more daily ES levels 🤓📈📉🎯💰
*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
ES Morning Update March 14thYesterday was all about 5558 in ES. After a drop to 5512 support, bulls needed to reclaim 5558 for upside. That level was tested twice before a sell-off, but once it cleared at 8:30 PM, buyers stepped in, pushing the market +20 points higher.
As of now:
• 5598, 5615 are the next upside levels as long as 5558 (now weaker) holds
• A break below 5558 opens the door for a drop to 5548, then 5533
Will ES go more deeper ?The E-mini S&P 500 futures contract ( CME_MINI:ES1! ) exhibited a liquidation profile (Profile A), characterized by two distinct distributions. The subsequent session (Profile B) formed a balanced profile and remained entirely below the lower distribution of Profile A, indicating continued bearish sentiment.
Profile C emerged as a short-covering profile, with its upper boundary testing the high of Profile B by a minimal margin. Both Profile B and C exhibited trading activity around the lower distribution of Profile A without breaching its low. Profiles A, B, and C established a base at the C Line, identified as a longer-term support or demand zone.
Yesterday's session (Profile D) also presented a liquidation profile, briefly trading below the C Line before recovering and maintaining balance around this level. The market demonstrates reluctance for further downside, with lower prices consistently triggering short-covering rallies rather than initiating new selling. Even though Profile D traded lower, it did not exhibit significant selling conviction.
Given the prevailing geopolitical risks, including the ongoing tariff disputes and the unresolved Ukraine-Russia conflict, further liquidation during today's Regular Trading Hours (RTH) remains a possibility.
However, sustained buying interest above the balance of Profile C, driven by short covering and new long positions, would indicate a potential shift in market sentiment towards accumulation on a higher timeframe. The market's behavior during today's RTH session will be crucial in determining the next directional move.
UncertaintyThe structure on Thursday in the daily S&P 500 chart reflects the uncertainty the market feels about tariffs and economic results coming out in the United States. It keeps the market on edge and the result is we had a down day on Thursday. Asia is a little firmer and the overall structure implies an inside day as we go into the weekend. This means Friday's behavior would be inside the range of Thursday's range.
Coming closer to a potential target for the shortsWell the grind down continues, Es has slowly been grinding down while giving some nice relief pops off of some measured moves of our Daytrader indicator on the bottom right giving traders a chance to join in the trend.
With no major news tomorrow I anticipate another move down to the next gap range on the top right chart and will be watching the yellow lines I have on the left chart that shows the last untouched retracement ranges from previous sessions.
I am not calling bottom there but I will be watching for a possible reaction to start scaling into longs if the opportunity presents itself, but with little catalyst I will not be slamming the buy button. We also have the contract change next week so we might not see anything exciting until after we transition to the next contract and the dust settles.
Trade well and take profit early, this market is giving lots of opportunities for short term trades that can come against you quickly!
Potential US Stock Market Crash Monday March 17,2025The United States stock market,
as measured by the S+P 500 Stock Index Futures June 2025 Contract (ESM25)
30 Years Of Continuous WEEKLY Chart DATA ( my own proprietary chart )
reveals the stock market could CRASH on Monday March 17,2025
IF todays ES June 2025 Contract Low of 5559.75 is violated Weekly Close on Friday 3/14 !!
Long positions in the stock US stock market should be closely monitored,
or sold outright if this were to occur tomorrow March 14,2025
ES June 25 Contract Last 3/13/25 248 PM 5600.
THE_UNWIND
WOODS OF CONNECTICUT
ES futures trade setup 13/03/'25Hello,
In today's trade analysis, I will review potential setups for this trading day. Since the overall trend is bearish, I favor short positions over long positions.
I have identified two important zones on the 4H timeframe that align well with the 1H timeframe.
4H supply zone: 5,643 - 5,630
4H demand zone: 5,577 - 5,558
We've seen both false breakouts and breakdowns in recent days, indicating choppy market conditions.
My plan is to either go short in the upper 4H supply zone or short a breakdown of the 4H demand zone. For the latter, I'll wait for the candle to close below the zone and set my entry on a retest.
ES Morning Update march 13thThis week has revolved around one key level in ES: 5568-72, which has been lost and reclaimed four times. At 11:20 PM yesterday, it triggered a long setup from an a textbook failed breakdown, leading to a 65+ point rally—and overnight, the same pattern repeated again.
As of now:
• No change—5568-72 remains weak support
• A 5599 reclaim sets up a move to 5616, 5643+
• If 5568 fails, expect further downside
ES1! Wyckoff ReversalPrice these past days has started consolidation right above a unmitigated 4H ORB from september 2024. Selling pressure seems to be weakening and showing some noticable steps to forming wyckoff re-distribution. waiting for price to purge into the ORB, then moving onto to final confirmation.
ES1! Next 12M price action prediction:
1. santa clause run up into year end into HTF resistance
2. sell of in jan we lose 50DMA and support in green line, but then find support on 200DMAQ and support in red + green line.
3. we run up intil end of may and then lose 200DMA to later on drop 20% down to 200WMA and HTF Support.
4. We then run it up again in 2025 2H and 2026
Es Potential for some more downside before we start moving upEs has been in a downtrend for a while now with buyers eagerly trying to dig in a foothold for the next leg up.
These are a couple indicators I have created the right screen is a gap filter range that price will revisit and use as support/resistance before moving to the next one. As you can see today ES has retested the upper range again and we are right back down below it so I am watching for some fresh downside before I look to start taking longs.
The right screen also shows a channel we have been in and an Indicator I created that shows the average retracement ranges of the day and then draws boxes that price will partially or fully mitigate and the boxes will reflect the color (yellow for partial and red for full mitigation).
As you can see the trend has been to clean up some of the most recent ones to make another step down, I will be watching for a reaction if we get down there to start assuming longs. Or we might blast right out of this with news but with todays reaction Im fully expecting some more directional moves down first.
Maybe it's not as bad as we think....I have seen some very goofy things take place in the market, but in 40 years of trading this is really a very special time of misplaced faith in the old style charting, but I can't help but want to buy here. People were literally throwing away their stocks like last Sunday's paper. My world as perceived through e-mini's say's: caution is warranted on the long side, but selling here is just too gut wrenching. Buying into this mess and expecting it's going to turn around tomorrow might be a bit bold, but trading here with a view towards the long side makes sense. A .382 retracement brings us back to the 5716 area and a .618 back to 5820 plus or minus a few ticks.
We will be rolling from March into June contracts soon, and that is always a jolly time and may even provide some upside momentum.