S&P500: Very bullish after Trump's win! But...Market is still bullish, but momentum is weakening.
There's a clear support zone at between 5910 to 5950. This is where I forecast it will drop to if profit taking were to happen.
If you want to be trading short term, then make sure you see signs of reversal at the 4H chart...like bearish engulfin
S&P500: More Upward Potential!We still ascribe more upward potential to the S&P’s turquoise wave B – up to the resistance at 6088 points. At this level, we expect a transition into the same-colored wave C, which should push the index down into our green Target Zone between 5110 and 4921 points. Within this Zone, the larger wave
11/7/2024Today I took a couple of trades (not my original plan) I noticed that the trend was bullish so I made a plan, I got on the charts early about 8:30/9:00 o'clock and marked my zones.
I attempted to follow my plan and stick to it because I need control and I do not want to pull pointless multiple tri
NQ breaks to new highs. Markets reacting to Election ResultsThis upward trend seems to have some momentum today. I'm not suggesting traders chase this rally and hold anything overnight, but I am seeing new highs on the ES/NQ charts, and IWM and other sectors are rallying to new ATHs today as well.
This shows the scale of capital sitting and waiting for the
ES likely to rally strongly tomorrowSee EWT wave 1 up, and a corrective wave two down, then a bullish harami and a bullish engulfing. This is also called the rising thjree method in candlesticks.
We are just under Pivot, crushing it upwards with London buying.
I think we could easily see R5 or R6 tomorrow, the patterns recently hav
ES levels and targets Nov 5thIt’s Election Day, but most of the volatility likely won’t kick in until after 6pm—expect mostly noise until then. I wont be trading today as setups wont be too appealing anyways. Last night, 5734 was noted as support in the 5pm plan; we hit 5735 and saw a 20-point bounce.
As of now: Looking for ch
Volatility is expectedTuesday's price action in the S&P 500 was orderly to the buy side. This is not unusual behavior on the day of a presidential election. As we get additional information on the presidential election and the action taken by the Fed volatility this week would be expected.
Inside dayThe expectation for Monday's action in the S&P 500 is for a trading session that trades inside the range of Friday's range. This is expected because of the market waiting for information on the presidential election and the fat action on Tuesday and Wednesday.
S&P 500 E-mini FuturesAttention, the terrible child is back!
A strong man in the White House.
The graph speaks for itself, the market has chosen.
Make your opinion, before placing an order.
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for E-mini S&P 500 Futures (Jun 2024) is Jun 21, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell E-mini S&P 500 Futures (Jun 2024) before Jun 21, 2024.