AMP Futures - News FlowIn this idea we will demonstrate how to access the News Flow feature with Tradingview.Editors' picksEducation05:08by AMP_Futures119
Full ES/SPX trading plan for Sept 20thPlan For Friday: • Supports: 5775, 5769, 5765 (major), 5758, 5754 (major), 5746, 5737-40 (major), 5730, 5721 (major), 5715, 5711 (major), 5702 (major), 5690, 5685 (major), 5680, 5675 (major), 5666, 5659, 5646 (major). • Levels i would bid Direct: • I’m still trailing my 10% long runner from 5685, which is now up over 100 points from 24 hours ago, following a 322-point rally from last week’s lows. Bulls remain in full control, with no signs of losing key support levels yet. • However, this is my least favorite market configuration to trade. After such a significant rally, setups become scarce, and both longs and shorts carry elevated risks (rug pull for longs, and trying to short strong uptrends is equally risky). • Tomorrow, 5765 is the first key level. It was tested multiple times today and is no longer fresh, but it could still offer a bid opportunity if the reaction is favorable. If the price is knifing down, wait for 5754 and a potential recovery. • Any significant drop will likely see multiple supports lost, so be cautious with longs under key levels like 5763. Watch for a pullback to 5738-40, and if we pop above 42-43, this might offer a setup for longs. • In a quick selloff, 5711 or 5702 could present knife catch opportunities, especially if volume supports the recovery at those levels. Without strong buying volume, expect fakeouts at these major supports. • Resistances: 5782 (major), 5796, 5803-05 (major), 5813, 5824 (major), 5836, 5842 (major), 5850 (major), 5856, 5862-65 (major), 5872, 5880, 5887, 5897, 5906, 5915-20 (major), 5931, 5937 (major). • I don’t short strength in ES, especially in such strong uptrends. If you’re looking to fade strength, 5803-05 or 5850 could offer potential reactions, but it’s a high-risk strategy. • Bull Case for Tomorrow: • In the short term, bulls need to defend 5765. A consolidation or flag pattern between 5765 and 5796 could unfold, allowing ES to target 5805, 5825, and eventually 5862-65. • After such a large rally, it’s crucial that ES holds 5711 or 5702 on any pullbacks. Below 5702, we could see a move back to 5675. • Volume will be key—continued upside needs increasing buying volume to support further moves, especially through major resistances like 5805 and 5850. • Bear Case for Tomorrow: • The bear case starts if 5765 fails. This could trigger a short-term dip, but breakdown trades are inherently risky with low win rates. • I’d need to see ES first test 5763 and or put in a failed breakdown to the 5754 level first. After this plays out, one could place a short trigger below wherever the structure is. It should be slightly underneath any noise. It may be somethign like 5750 but could be higher. • As always, approach breakdown trades cautiously, especially without volume confirming the move. These setups are tricky and can easily trap traders. • Summary for Tomorrow: • Bulls are still in control, but this staggering rally could end anytime. Until 5765 is lost, I’m deferring to the trend, expecting a range between 5765 and 5796, with upside targets of 5805, 5825, and 5863-65. • If 5765 fails, we could see a backtest of previous breakout points from yesterday. Volume will be crucial—watch for volume increases at major levels to confirm further moves, or risk a rug pull if buying volume doesn’t support the trend. by ESMorg334
SP500 Futures Chart Now in Final Stages of 100 year RallyCycles are a normal part of life. The stock market is no different. In my long term analysis we appear to be headed up to an area that can complete a rally that started almost 100 years ago. For context, this long-term consolidation will be similar to Japan's Nikkei index in which made no new high's for 34 years. by maikisch2210
S&P Analysis + Short Thesis UpdateSome analysis for the S&P, most things are looking bullish obviously after the big bounce yesterday. Nothing has changed for me on the overall short thesis, but for now I don't think it's a good idea to keep trying to jump in front of a moving train. We'll see where things end up settling out after FOMC.11:06by AdvancedPlays556
Diamond Top formation still in effectwe are in an EWT Diamon d Top formation in every indices, every stock, bitcoin , and gold have all had similar diamond tops i feel the recession is finally here, FED be damned. They always cause the problems. all the FOMC does is screw up the market everything has had a diamond top, prepare for the bear blizzard This crazy rally reminds me of Custers last stand Shortby dryanhawley113
ES levels and targets sept 16thFriday, I posted two targets in ES: 5619 and 5630. We hit 5630 by 10am. It was a battleground for the last two weeks of August, and we’ve been stuck here ever since. *Avoid overtrading around this .* As of now: 5619-22 is weak support. Holding that keeps 5642 and 5660 in play. If 5619 fails, looking for a dip to 5604 and 5598.by ESMorg221
S&P Rally Continues, How High Will We Get?The SPX rally that started on a softer landing scenario has been fuelled even more by investor confidence. It's always wise to remember that equities generally will not fall unless there is reason. That would come in the form of real economic headwinds, or at least the speech about their potential. To stop being wasted; 1) Trade tiny sizes. 2) Only short once you can see a real sentiment shift/long term reversal (think about Yens). 3) Space any entries out far and wide. 4) Leave it out your portfolio. 5) Balance your portfolio by hedging with other assets (equities up, Antipodeans long, USD short). Easy yet effective.by WillSebastian4
Clean close on FridayIt was a clean close on Friday in the S&P 500. What I mean by this is a close near the high of Friday's trading which is a sign that buyers are willing to hold this position into the weekend. The expectation would be new highs on Monday but not a large move as the market positions itself for the fundamental data coming out later in the week.02:05by DanGramza3
The market is ready for the FedThe structure and the S&P 500 on Tuesday implies the market is ready for the Fed announcement. The expectation is a 25 bp cut. If this does happen it would also imply the continuation of an uptrend.01:29by DanGramza3
Stronger Asia openThe S&P 500 opened stronger in the Asia Tuesday session. If you are on the long side of this market be cautious because the market oftentimes will come back to the previous range with this type of higher opening. Although there is plenty of fundamental information that can create volatility in this market, the expectation is for a positive week for the S&P 500.01:37by DanGramza3
SPX Weekly Recap | Price Targets Sep 16 - 20Weekly Recap video on last week's stock market price action. then we wrap up the video with our new price targets for next week (Sep 16 - 20) using Statistics and Data to drive a 70%+ historical accuracy. Topics: - Last week's Results - Next week's Targets Personally I use these targets in combination with ICT Concepts to trade. Nothing I say is Financial Advice - Previous performance does not guarantee future success.Long07:01by DIY_Trades2
2024-09-18 - priceactiontds - daily update - sp500Good Evening and I hope you are well. sp500 e-mini futures comment : Look at the daily chart and then you can’t be anything but neutral after yesterday and today. Consecutive doji bars with huge tails above and minor tails below. I don’t care about the new ath on the cash index since I trade the chart in front of me and that’s where the ath was in July and due to contract switch it’s now at 5782 while today hit 5756. The high was high enough to qualify as a tripple top now and we can sell off or make a new one above 5800. The dominant feature is the bull wedge and we are kinda closer to the middle than to the top or bottom. I can see this going either way to be honest. Ask yourself this, has the market a reason to sell off right now after the big rate cut? Answer was no before and definitely no after the cut. Does not mean it can not happen anyway. current market cycle: trading range (bull wedge) key levels: 5660 - 5800 bull case: Bulls made another higher high and a higher low. Does not look that good for bulls to buy the close 5680 but it sure as hell does not look bearish. As long as support and resistance are holding, I lean bullish and scalp long. Market is still trading above the 4h 20ema and obviously the daily, so bulls remain in control. Obvious targets above are 5782 and then 5800. Invalidation is below 5665. bear case: Bears need a lower low below 5665 and that’s they only target for now. Until they can achieve that, they have no good arguments on their side. I do think market will spend some more time in this area before we see another breakout. If bears would get below 5665, their next target is the daily 20ema at 5640 and below that is the bull trend line around 5570. Invalidation is above 5810. short term: Neutral between 5665 - 5782. Big range but that’s today’s range where we wildly went up and down multiple times. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: Nope trade of the day: Buying 5690 and selling 5720 but you needed wide stops to trade this.by priceactiontds2
#202438 - priceactiontds - weekly update - sp500Good Evening and I hope you are well. tl;dr sp500: Neutral. Big triangle on the daily chart and we are 40 points below the previous big resistance. Resistance is just that until clearly broken. Sideways movement between 5400 - 5670 is more likely than a new ath above 5721. If bulls break above 5670, a new ath becomes more likely and bellow 5550 I think the bears are favored again, at least for 5400. Quote from last week: comment: Strong bearish momentum is what we got with the bearish engulfing candle on Monday and market never looked back. 50% pullback is almost exactly at Friday’s close and if we get a pullback before 5200, it will be here. What are the chances? No idea, so every time that is so, it’s 50/50. Absolutely favoring the bears to continue down to 5200, with or without pullback. So if we get one, I will load on swing shorts. comment: Favored the bears last week and wanted to load on shorts on this pullback but bears were practically gone, so no shorts for me. Lower highs and higher lows. Triangle on the daily chart until broken. Not much difference to the other indexes. Above 5670 bulls are favored for 5700+ and maybe a new ath and bears would need a strong reversal below 5650 for bulls to cover their longs again. Similar to 2024-09-03 where bears printed a huge bearish engulfing bar, that is that they would need here as well. current market cycle: trading range (triangle) key levels: 5400 - 5700 bull case: Traps on both sides and 5630 is a very good place to trap bulls again, like they did 2 weeks ago. Not much more to say other what I wrote in my comment. Bulls are slightly favored here until bears come around again but buying above 5600 right now is a bad trade, no matter how you put it. If bulls get follow through on Monday, I join them but no earlier. Invalidation is below 5500. bear case: Bears need to keep this a lower high or probably face a new ath test. Since bulls printed a 5 bar micro channel last week, bears have no good arguments until they print a bear bar on the daily chart. Market is undecided and erratic, don’t overstay your welcome to either side. If we see 5700+ next week, I will think deeply about when and where to short. Last time we hit 5700, market spent 5 days around that price before turning down hard for 10%. Invalidation is above 5670. outlook last week: short term: Full bear mode and yet we could get a 100+ point pullback. So shorting 5419 is not advisable as of now. Wait for bears to come around again. If bulls can get to 5500 again, look for a reversal and then you could load up on shorts. I do think it’s more likely that we will make high lows instead of lower lows and form a triangle. → Last Sunday we traded 5419 and now we are at 5629. I warned against being bearish at the lows and wait for a pullback. Pullback was way stronger than expected so meh outlook. short term : Neutral between 5400 - 5670. I slightly favor the bears when they print a good bear bar on Monday because of the triangle. Above 5670 I scalp long and see how high we can get. medium-long term - Update from 2024-09-01: Very much like my outlook in dax. Trading range on the daily chart and we are at the highs. We could make higher ones or not. Does not matter much. I expect 5000 to be hit again in 2024. current swing trade: None. chart update: Removed the ABC correction and added the bull wedge.by priceactiontds2
A placated marketThe S&P 500 is a placated market. In other words, this market received what it wanted and that was a 50 bps cut in interest rates. The next step will be a measure of the commitment of buyers who are holding long positions. Are they comfortable doing so or are they going to start taking profits which means you and I would be seeing selling over the next couple days. My bias is still for move to the upside.02:13by DanGramza2
SPX Premarket Analysis for Friday | ICT Data | Sep 20Pre Market Analysis for Sep 20'th using Statistics and Data to drive a 70%+ historical accuracy with all analysis methods. Inner Circle Concepts Trader using Stats to analyze the stock market. Topics: - Yesterday's Results - Today's ProjectionsLong04:55by DIY_Trades221
Possible Massive WhipSaw Twice More into EOY.Certainly, if a new high is made whatsoever, I would say we're going to the moon. But this last rally sucks. It was highly irregular, felt like day trader covering, and had no real commitment. If you take the last two lowest points on the long term, and you create this channel on it with the high. You get this channel and I made some subfibs also. We've already double tested that trend line, but if you are shorts, that is the exact line you'd need to break to go into recession. In my limited experience, when a second break out happens like it did in Oct 23, and you skip over some of the first small fibs to make this run on weak squeezes, you could trigger a slow moving violent dip that shows MACD (Linda's modified) getting stronger and more bullish even as price takes huge dips. I'll be watching this divergence. And I think it will take it right back to the last 23% sub fib of the last zone of this channel. I mean, right to the brink before we see the greatest covering of all time. I expect some wild stuff on this contract change since the next contract over is trading 50-60 pts above our current one. I bet we have to drop hard into that contract change, and then we gap up but still in down trend and we enter into this next of 3 dives. I will be doing my best to not trade the middle of these trends, because you have zero idea how price action will move. If in fact it does honor these levels, and I get a short or long at the right pivot, I'll just hold small contract size hoping to accumulate my account for the final high risk high reward finish to this thing. Psycho Market. Shortby CaptainLogik1
Buyers returnedBuyers returned in the S&P 500 on Thursday. The challenge is can these buyers continue this momentum up providing a positive close in the S&P 500. The ideal close would be above 5620 going into the weekend.01:12by DanGramza1
ES, SPX - Santa Rally could trigger Cup & Handle patternA strong end to Q4 Window dressing by fund managers who were underweight equities would trigger a cup handle pattern breaking the trendline of the pattern is around 4600 on the #ES I could also make an argument for HVF pattern we have a high 3 in place A recession will no doubt rear it's head at some point ... but a blow off top first to hand bears a beating is definitely a scenario I have shared before. by BallaJiUpdated 9
ES/SPX levels & targets sept 18thIt’s all noise for ES until FOMC at 2pm. Monday's 5680-5702 bull flag played out as expected, giving us a rally to 5732 target yesterday, before pulling back to 5680, and holding. 5680-5702 is the chop zone. As of now: Bulls have control above 5680-85 (weak nos). If they hold, 5716, 5724, and 5759 are in play. If 5680 breaks, down to 5666 and 5638. by ESMorg2
ES/SPY Sept 16 Weekly AnalysisWe are off to a slow start this week but we look like we could ne pushing our way up. The current pattern on SPY looks like a potential bullish flag pattern. Keep in mind that this week we are awaiting the Fed's decision on decreasing the interest rates by 50 basis points. As we await the decision, we are looking for clues in the candlesticks, to give us a hint as to which direction we could break out to once the Fed decision is made. From the 15min perspective on SPY, there is a support gap closing around 559. If we continue to drop, we could fall into a support fair value gap around 555. If price continues to hold and break up to the bullish side, we are expecting SPY to continue up and test the all time high around 564. We also want to keep in mind that ES will change contracts this week from September to December. The contract change itself, could cause some changes in the ES chart (especially the price value). It could cause the price to drop and test into the lower daily support fair value gap around 5600. If price were to continue up, it would most likely fill the daily resistance fair value gap around 5736. From the daily ES perspective, 5736 is the resistance and 5628, would be considered the tight trading range for this week. Depending on how we break structure, will further determine how price will continue to either rise or fall. by RandiMichelle1
SPX Sep 16 Price Targets Using StatisticsPre Market Analysis for Sep 16'th using Statistics and Data to drive a 70%+ historical accuracy with all analysis methods. ICT Trader using ICT Stats. Topics: - Yesterday's Results - Today's ProjectionsLong03:34by DIY_Trades1
SPX Data Market Analysis | ICT | Sep 19Pre Market Analysis for Sep 19'th using Statistics and Data to drive a 70%+ historical accuracy with all analysis methods. Inner Circle Concepts Trader using Stats to analyze the stock market. Topics: - Yesterday's Results - Today's Projections06:36by DIY_Trades1