Thursday set up for Friday employment numbersThe expectation is that Thursday will be a set up for the employment numbers on Friday. An ideal close on Thursday would be a close above 6115.
MES1! trade ideas
AMP Futures - How to set alerts for your WatchlistIn this idea we will demonstrate how to set alerts for your Watchlist.
I'll think I'll wait for a Trump Truth Social Tweet bomb.....We are approaching big figure resistance,1st support at 6065-70,better at 6035-38 and critical support down at 6020, a hourly close below 6020 might see a quick plunge to 5930.
We need to shift the angle of this rally upwards out of the current channel to accelerate beyond 6130-40 and then we can look at ATH and then the top of the megaphone pattern.
The S&P mini looks like it's going to trade higher February 5th 2025 yesterday I thought the es was going to go higher and it did.... but it didn't go much higher and It reversed before I would have hit a Target. and I would have been stopped out because I would not have liked the risk. today the recuperated from approximately 50 point correction lower and now it looks like it's going to trade higher. this would be a scalp trade up and they would not think of it as a market that's going to make new highs which is possible... but I personally believe the markets going to be it treacherous for buyers at some point. are a couple of things I wish I articulated more clearly but it gets tougher as I get older. I almost didn't post this video..... but I decided to post because I know the Market's going to move at least a little higher and I'll make it a point to do a shorter video perhaps tomorrow and I will clarify some things that I meant to with more clarity.
MES!/ES1! Day Trade Plan for 02/05/25MES!/ES1! Day Trade Plan for 02/05/25
📈6067-6069 ; 6107-6109
📉6030-6027; 5990-5987
Like and share for more daily ES/NQ levels 🤓📈📉🎯💰
(💎: IF THERE IS NOT MUCH VOLATILITY; FOCUS ON ZONES VERSES INDIVIDUAL PRICE LEVELS)
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
The Leap by CME Group: TradingView ShowWelcome back, traders! In today’s episode of The TradingView Show, we’re joined by Craig Bewick, Senior Director of Client Development and Sales at CME Group. With nearly 30 years of experience in futures and options, Craig has a wealth of expertise, from risk management and technology at CBOT and CME to product development and client engagement.
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OTEUM EXPERT CALL: SP500 POTENTIAL INTRASESSION LONGWatching E-mini S&P 500 Futures (Mar 2025) for a potential long entry sub 6,040. Key value area intrasession marked—waiting for price to confirm before pulling the trigger. Targets set at TP1, TP2, and TP3, with a well-defined SL below structure. No entry yet, but it's on our radar! 🚀
#Trading #SP500 #Futures #OTEUM
ES Morning Update Feb 5thAfter a noisy start earlier in the week, ES has settled into a consolidation phase. Yesterday’s strategy was simple: as long as 6020 remained intact, 6066 was the target. The market surged to 6066, held throughout the session, and then retraced back to 6020 overnight.
As of now:
• A reclaim of 6037 should push the market toward 6056, with a brief dip along the way
• If this rebound holds, targets are set at 6076 and 6087+
• A leg down is expected only if the price falls below 6004
Trying to digest what is going on.I think the S&P 500 is trying to digest the political and geopolitical environment. Structurally the bias is for move higher. However, I am looking for in an inside day for Wednesday as the market tries to sort out what is going on.
S&P Mini February 4th 2025 there were a few good trades as a buyer and a seller over the past 2 days if you wanted to scalp this Market.
Uptrend ConsolidatingS&P 500 E-mini Futures (CME)
Date: February 4, 2025
Current Price: 6,020.25 USD
Summary
Trend: Sideways/Consolidating within an uptrend
Key Levels:
Support: 5,980-6,000 USD (Based on recent price action)
Resistance: 6,070-6,090 USD (Recent highs)
Indicators:
RSI: Neutral at 48.81
MACD: Approaching a bullish crossover (histogram bars decreasing, indicating weakening bearish momentum)
Volume: 251.14K (Moderate, but provides a clearer picture than the previous chart)
Trade Ideas
Range Trading:
Buy: Near 5,980-6,000 USD
Target: 6,070-6,090 USD
Stop-loss: Below 5,950 USD
Breakout Trading:
Bullish Breakout: Above 6,090 USD
Entry: After confirmation (strong volume, multiple closes above resistance)
Target: 6,150-6,200 USD (Based on potential extension of the recent move)
Stop-loss: Below 6,050 USD
Bearish Breakdown: Below 5,980 USD
Entry: After confirmation (strong volume, multiple closes below support)
Target: 5,900-5,850 USD (Based on potential support levels below)
Stop-loss: Above 6,000 USD
The S&P 500 E-mini Futures are consolidating within an established uptrend. The MACD is showing weakening bearish momentum, potentially leading to a bullish crossover. The volume data provides more confidence in potential trades. Range trading and breakout trades are viable options. Traders should monitor price action around key levels and manage risk appropriately.
ES Morning Update Feb 4thEven as tariff comments continue to drive the market relentlessly, the technical side of things in ES remains razor-sharp. Since Sunday’s open, the target was unmistakable: a gap fill in the 6056-66 range. We reached roughly 6066 by 6pm, filled the gap, and then sold.
As of now:
• The market is in a phase of complex chop between 6004 and 6066
• 6020 and the recovered 6004 are acting as support
• These supports keep 6036, 6058, and 6066+ in play
• If the price drops below 6004, initiate selling
S&P 500 sellThere was a daily uptrend and a daily retest, but it failed to give a higher daily high. Within the new printed daily, there are 4hr lower highs being formed
15 MIN BUY SETUPWere on an overall Daily uptrend with a 4hr retest to go back up to the previous high on the 15 min.
Inside day is expectedAnd inside day in the S&P 500 daily chart is expected for Tuesday. This means that Tuesday's range will be basically inside of Monday's range. I think this type of structure will happen because the market is going to try to absorb what is the total picture so I don't look for a big move up or down without new information.
8hr looks bullish Watch levels need high high 15 min looking somewhat bullish time will tell 👀 down looking
ES Trade Idea: Key Levels and Strategies Amid Macro UncertaintyCME_MINI:ES1!
ES futures opened with a gap down on Sunday.
With numerous macro headlines, President Donald Trump’s comments on the Fed’s decision last week, and ongoing trade war tariffs, traders may struggle to distinguish what truly matters for the markets from the noise.
In our opinion, do not let macro headlines cloud your judgement. Have a trade plan and be ready to adjust with market conditions and volatility. One way to mitigate risk is by utilizing micro CME contracts , allowing for more precise risk management during volatile market conditions. Additionally, you can participate in the CME and TradingView paper trading competition, giving you the opportunity to test your skills in The Leap without risking real money.
Remember, it's NFP week, and several other key economic data releases are also on the calendar.
In our view, it is important to zoom out and reduce key levels on your charts to ones that are significant.
Key Levels:
Key levels represent areas of interest and zones of active market participation. The more significant a key level, the closer we monitor it for potential reactions and trade setups in alignment with our trading plan.
(mcVAH) micro composite value area high: 6,134.25
Key LIS/Yearly Open: 5,949.25
(mcVAL) micro composite value area low: 5,914.25
(CVAH) Composite Value Area High: 5,924
Scenario 1: Long above Key LIS
Our key LIS is still Yearly open as it was discussed in last week’s idea. We are looking for long trade setups at this level.
Scenario 2: Short below Key LIS
If the price moves lower and holds below a key level, we will look for short trade setups targeting our green support zones on the chart from mcVAL and CVAH confluence.
ES Morning UpdateLast night, ES experienced its largest gap down in over a decade. Despite the steep drop, key levels held precisely—5934 was marked as support and the overnight low of 5935.50 was tested multiple times and held.
As of now:
• 5951-49 and 5934 are acting as support (with 5934 showing some weakness)
• Holding these levels keeps 5990, 6008, and 6016-20 in play
• If 5934 fails, sell down to 5907
I smell a big sell off in the market this weekthe tariff tax while have a big short term sell of in the markets this week
#ES_F Day Trading Prep Week 2.02 - 2.07.2025Last Week :
Globex opened inside VAL under the Weak stops from previous sessions that we have market off which signaled weakness, under 6100 market started taking out lower stops and key areas which gave a big flush into lower Value during ON hours to start the week but we ran out of selling after looking below lower VAL and rotated out of Value from there. RTH Session did not bring anymore size selling, instead we were able to hold above Value take in all the Supply and move back into/above upper Edge which brough stability and pushed us into 6114 - 064 Intraday Range where we found balance. End of week price made a push into upper Value again but the move was done during ON lower Volume hours and once we hit the bigger area of supply/where we previously found bigger sellers over 6144 the whole push came apart and gave us another move under VAL into the Edge where we closed right at a big area without really breaking under.
This Week :
This week is really tricky to try and call because we have new month starting, we had some news over the weekend which has made a lot of people bearish or at least think that we should be bearish and either open on gap down or continue lower, we have seen strong selling from above areas which probably trapped buyers to give us more weakness BUT as much as I like to cheer for the downside and a good correction most of the time as I am a short seller, we have to be careful here because we are at important HTF areas which if we don't get the needed volume to stay under could bring stability and continue to give us balancing action over them.
We will have to see what we do on the open tonight and during ON sessions to really get a better picture but we can have a plan and keep things in mind that IF they start happening then we can be ready. Daily TF for now is still in uptrend after a failed correction in mid January and we are just grinding over smaller Daily MA with buying interest running out over 6100s which is giving us this sideways/selling action, weekly TF also grinding over its smaller MA and has closed right around weekly balance mid area after failing to hold under its low which is in 940s this could mean that we may potentially continue holding and grinding/sideways with weakness until we see some bigger change.
Daily Edge top is around 6070 - 40s we would need to either see a push that can close under 50s to signal acceptance back in lower HTF Range or a push under with continuation to/through lower VAH which can then bring in more sellers and give us continuation towards lower targets at VAL/Edge and if things get really ugly to push us through 933 - 913 Edge from where we need to watch out for further continuation towards our Previous Distribution Balance.
On the other hand we need to be careful forcing the short side under 6060-50s unless market can clearly show us that it wants to be under, if it does not then we can watch for us to stay inside Current Intraday Range where we could balance and maybe tighten up the ranges as things have been pretty wild, if this will be the case then we could see stronger sells coming from areas closer to above VAL and from inside/above it, weakness from VAL can continue until we can push into Value and start balancing around the Mean area without getting back under 6114.
S&P 500 (March 2025) - Expecting Resistance At All-Time HighsA rally to ATH is always a good sight to see but what I don't want to see is a fake out, especially in the higher timeframes like the weekly or daily.
Candlesticks like doji's, shooting stars just above ATH can increase the likelihood of a retracement back down into previous inefficiencies.
For the next two weeks, we all are going to be on a wild ride!
