Get started
Micro S&P 500 FuturesMicro S&P 500 FuturesMicro S&P 500 Futures

Micro S&P 500 Futures

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Forward curve Seasonals Contracts

WSP1! trade ideas

20240614 ESThere is the first +MSS after ss raid and reaction to the HTF PDA level (d bisi CE). => anticipate downside correction and displacement to the upside. Those close proximity highs are very attractive for the upside move and bs raid. The HI news at 10am is the only thing that can make some unexpected change in this narrative with bullish BIAS. It is possible to see the continuation of the upside move on the 10am HI news announcement. But some volatility influx is anticipated on this 10 HI new event.
CME_MINI:ESM2024Long
by Yoo_Cool
2024-06-13 - a daily price action after hour update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment: Two legs down from the open to then 3ish legs up to close right under the open price. Market is staying up here which is maximum bullish going into Friday. My target remains 5600 and there is absolutely no reason what so ever, that we can’t print another 100 points up tomorrow. Anything below 5470 would surprise me big time. Bears have no reason to sell this and bulls are making money buying every tick of a dip. current market cycle: bull trend key levels: 5470 - 5600 bull case: 5472 was a bit lower than expected but who cares, bulls buy it all. Just do the same. For tomorrow I will only look which ema is respected the most to go max long over the day. Invalidation is below 5470. bear case: If bears actually somehow manage to print a lower low below 5470, consider me surprised and I will rethink my plan but for now, bears are scalping as long as they have momentum, when it’s gone, they are out and bulls just print green bars. Invalidation is above 5520. short term: As bullish as one can be. Ride it up. 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 weeks. current swing trade: None trade of the day: Market just oscillated around 5500 the whole day. 5486 is big support and was a good buy yesterday and naturally so today if you chose a wider stop or waited for consecutive bull bars.
CME_MINI:MES1!Long
by priceactiontds
2
Market Crash - ES Ascending Wedge BreakoutSo everything went almost exactly as I expected today, but there was a big problem, no sell off and no life for VX. Going into the day I wasn't sure about CPI but figured a hot or cool reading would get a reaction, but didn't expect that big of a rally off of a 0.01% cool print which was mostly as expected. After CPI release, fed fund futures priced in a 75% chance of a cut in September. I thought this was crazy,.no way they are cutting in September. They never had plans to cut in September unless data changed significantly, which it didn't and today's CPI was not going to change their target rate. The expectation dropped to around 60% before the minutes were released, but was still pricing in way too high of a chance. When I saw this, I thought oh yeah this is the classic bull trap. Everything looks.great but after FOMC when the market realizes it's not getting a September cut, there will be a dump. Sure enough the minutes are released and there's no September cut. However, the market held up most of the day and had a small pullback before close. I couldn't believe it honestly, VX just didn't get any life whatsoever despite the market not getting what it wanted, which usually leads to panic in my experience. Then AVGO announced a stock split and NQ pumped even more after hours. So here we are, the market didn't get 2 cuts but doesn't seem to care. However, DXY is showing a lot of strength in the overnight session and assets like BTC and Silver are struggling, which would point to weaker equities. The was weak today and RTY gave up a lot of gains after a strong morning. ES and NQ still remain strong. I fully expect this to end badly because the market was wrong and that is always bad. We should see a bigger reaction soon, once everything settles down. Many things I'm seeing today I would interpret as bearish, but VX just keeps going down and NQ keeps going up. This is part of being a bear unfortunately,. you're unlikely to pick the top perfectly,.so if you decide to short a seemingly strong market at ATH, you'll probably lose most of the time. I still fully expect the market to run out of steam and keep seeing more and more top signals. However,.it's gonna go up until it stops and if you choose to short it, you've got to be a bit lucky or remain patient. I'm remaining patient, we'll see what tomorrow brings. The sell is coming.
CME_MINI:ES1!Short
by AdvancedPlays
2024-06-12 - a daily price action after hour update - sp500Good Evening and I hope you are well. overall market comment What a time to be alive. Bulls got another huge breakout to the upside which opens new targets above. There is a reasonable chance that this bubble continues much further than anyone could ever dream of, just like all the Nvidia employee’s who sold their stock < 100. Couple more days and half of the sp500 will be made of 7 companies. Bears are not getting any help from the news side and bulls are just peak euphoric. Buying everything anytime is making money, so this will continue until it stops. Dax, Russel2000 and DJI are not participating which speaks to the concentration of the price advances to a small basket of stocks. Commodities had big reversal days, producing bad looking bull bars on the daily chart. Gold was rejected at the daily 20ema and Oil reversed after peaking above the bear trend line from April. I expect more weakness tomorrow. sp500 e-mini futures comment: My daily chart is ugly, yes i know. Works though. I have painted 3 wave series for you, which all end around 5500-5600. I won’t write more about this. current market cycle: bull trend key levels: 5300 - 5600 bull case: Bulls did it again. A minor pull-back is expected though. Given that tomorrow is Friday, I would not be surprised if we do another 1-2% day to just get this bull trend over with. Straight melt up. Anything below 5360 would be a huge surprise. Invalidation is below 5360. bear case: CPI came in soft and the FED is not having any effect on markets currently. Melt up was inevitable. Bears not doing anything and waiting for more bulls to show signs of exhaustion and profit taking. 5500-5600 is where I expect selling pressure to rise again. The 38 point drop from ath 5454 was a bit unexpected tbh but the 1h ema held. Invalidation is above 5460. short term: As long was the 1h ema holds and market stays above 5400, it’s max bullishness. medium-long term: Bearish. We will see 5000 over the next weeks again and 4600 over the next 12 months. —unchanged current swing trade: None trade of the day: Just higher lows since Globex, market showed signs of knowing the CPI print, because it went max long into the release and every one tick dip was bought.
CME_MINI:MES1!Long
by priceactiontds