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Micro E-mini S&P 500 Index Futures

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MES1! trade ideas

S&P500: All time high! But sighs of weakness appearing?Calling tops or bottoms is always dangerous. But since this is just an analysis, there's no harm :) The Daily is a green doji candlestick. Not the weakest. However, the 4H is a red doji candlestick. So, we should see price coming back down as of the next 4H candlestick...even if it's small bodied since it's Asia trading hours. If price continues to go higher and break above 6030, then clearly the bulls are not with it yet. But I think it should retrace to 6,000 area at the least. Still think the 5,900 area is a stronger support, but we shall see if it does come back down or not.
CME_MINI:ES1!Short
by leslieyimsm
ES/SPX levels and targets Nov7thOn Wednesday, buyers triggered longs at 5902, sending us all the way to our 6013 target right to the tick yesterday. Now investors are taking a breather, holding around 6000 for the last 17 hours. I often mention how the day after trend legs are experienced traders’ least favorite days to trade. Longs are risky do to chasing. Shorts are risky due to being against the trend. And because of these two, the chance for chop is VERY high. Keep this in your head today…and after day after rallies. As of now: Continue holding runners if you have them from yesterday. Expect chop between 6009-5979, with 6000 acting as a mid-pivot point. Levels to watch are 6009-13, and 6035-38 if we push higher. If 5978 breaks, a dip is finally on the table.
CME_MINI:ES1!
by ESMorg
ES price action review Overnight session 10-8-24Going over the price action overnight ES and looking for clues as to what the market is telling us. setting up 3 possible game plans for the market but we will not dictate what the market does but rather listen to what the market is telling us. only A+ setups today. no setup no trade end of story. we're not losing $$$ on a Friday. we will add a weekend Focus list review and a new crypto review as we need exposure to all these asset classes regularly.
CME_MINI:MES1!
by BobbyS813
Is The US500 SPX Set For Pullback? Key Price Action Signals👀👉 The US500 SPX is displaying strong bullish momentum, but is it over-extended? A significant pullback at a key support level could present a worthwhile opportunity. I'm closely watching this area for a possible buying setup that matches the key criteria covered in the video. In this analysis, we'll highlight crucial price action signals to monitor and discuss strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and is not financial advice. 📊✅
CME_MINI:ES1!
by fxtraderanthony
2
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 engulfing, tweezer top or double/triple top / H&S at the lower timeframes (1H or 15min). Then move down to 5min to look for divergences or lower highs for entry.
CME_MINI:ES1!Short
by leslieyimsm
9
2024-11-07 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. All bullish targets are met for me and I will not long anything above 5980 anymore. Too early for shorts, wait for bears to come around with force. Blow-off top with 6050 or 6100 is not out of the question, so best to join on momentum or sit on hands. Next big points will be made to the downside. comment: All my bullish targets are now met and I would not look for longs above 5980. I got one more measured move higher to 6160 but that’s just beyond insane to expect this to be hit. But so was 6000 and here we are. All bubbles burst eventually, so will this. current market cycle: bull wedge key levels: 5720 - 6013 bull case: Bulls got 6000 and now want to continue and make this look like a real breakout above the bull wedge to trap many weak traders into longing this above 6000 and make them exit liquidity. At least that’s what I see potentially happening here. No interest in longs up here or looking for arguments for bulls. This is the biggest bubble there ever was. Next big points will be made to the downside. Invalidation is below 5720. bear case: Bears still don’t have much. The selling will start once enough bulls begin to take profits. Market is trying again to break above a multi week bull pattern and those rarely succeed. Don’t try to be an early bear and burn your account. This could easily go 50-100 points higher before turning. Measured move down from 6000 to 5730 leads exactly to the September low, where the bull trend line started. If we hit that price in 2024, you read this here first. Invalidation is above 6050. short term : Neutral. Scalps only for me until bears come around big time. medium-long term - Update from 2024-10-13: Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess. Update 2024-11-07: Blow-off top happening right now and 6013 could be the end of it, I don’t know. Next comes the correction before bulls try another run at the highs during santa rally. current swing trade: Nope trade of the day: Buy anwhere. Again. 1h 20ema not touched since Tuesday. Trends do not get stronger than this.
CME_MINI:MES1!
by priceactiontds
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 triggers a day. The plan was to go long, but I don't think that today was a good idea for that type of strategy.. At first I did manage to make $536 however because of the activity in the market and because there's choppiness it caused me to double guess and have multiple entries and exits. I did try to walk away a few times but I started losing money and I lost 90% of my earnings and I only was able to walk away with about a $100 when I accounted for my losses.
CME_MINI:MESZ2024Long
by laurabalanta1
1
3 Key Support Levels on S&P 500 Futures (ES)On ES (S&P 500 Futures) , it's nice to see a strong buying reaction at the price 5937, 5887.50 and 5804. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from the past and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Trader Dale
CME_MINI:ES1!
by Trader_Dale
Elliott Wave View: S&P 500 Futures ($ES) Wave 5 In ProgressShort Term Elliott Wave View in S&P 500 Futures (ES) suggests rally from 8.6.2024 low is in progress as an impulse. Up from 8.6.2024 low, wave 1 ended at 5669.75 and pullback in wave 2 ended at 5394. Wave 3 higher ended at 5927.25. Dips in wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a) ended at 5861.25 and wave (b) ended at 5904.25. Wave (c) lower ended at 5801 which completed wave ((w)) in higher degree. Rally in wave ((x)) unfolded as a zigzag structure. Up from wave ((w)), wave (a) ended at 5870 and wave (b) ended at 5822.5. Wave (c) higher ended at 900.75 which completed wave ((x)) in higher degree. Index then turned lower in wave ((y)) with internal subdivision as a zigzag. Down from wave ((x)), wave (a) ended at 5835 and wave (b) ended at 5893. Wave (c) lower ended at 5724.5. This completed wave ((y)) of 4 in higher degree. The Index has resumed the rally higher and made a new high. Up from wave 4, wave (i) ended at 5758.75 and wave (ii) ended at 5735. Wave (iii) higher ended at 5954 and wave (iv) ended at 5900.75. Expect the Index to end wave (v) of ((i)) soon, then it should pullback in wave ((ii)) to correct cycle from 11.5.2024 low before it resumes higher. Near term, while pivot at 5724.5 low is intact, expect pullback to find buyers in 3, 7, 11 swing for further upside.
CME_MINI:ES1!
by Elliottwave-Forecast
Combined US Equities - Put away all technicals for now.Oddly enough, I did not follow one of the great events of 2024. And prior analyses was made on technical indication. When a reversal like this happens, it is rather extreme, and technicals can be put aside. With the election outcome, markets are suddenly RISK ON and very bullish. You see this bullishness with a Marubozu type candle that broke through two resistance levels in one day - breaking into and out of the Decision Box marked. MACD is now skewed to the bullish side although VolDiv has yet to follow. This means price moved a lot before volume. Previous projection is redundant now. The only indication was that the day before yesterday, a nice small bullish candlestick was suggesting a breakout to the upside. Going forward, just enjoy the ride, and make sure you have rules to adhere to! All the best!
CME_MINI:ES1!Long
by Auguraltrader
E-mini S&P 500 Futures The price is trending upwards, as shown by the recent higher highs and higher lows following a bounce from a previous downtrend. The price is currently above the 50-day moving average, which is a bullish signal. The Bollinger Bands indicate periods of high and low volatility. The price has recently tested the upper band, indicating a potentially overbought condition or strong bullish momentum. This could lead to either a pullback or consolidation. The volume bars indicate an increase in trading volume, especially recently. Rising volume with rising price confirms the uptrend and suggests strong interest in the current direction. Resistance is near the recent highs, close to 6,000. If the price breaks above this level, it may signal a continuation of the bullish trend. Support is around 5,800, close to the lower Bollinger Band. This level could act as a floor if there's a pullback. Overall, the trend appears to be bullish, but caution is warranted as a reversion could occur if overbought conditions persist. The uptrend is likely to continue if the price holds above the moving average and moves higher on increased volume. Traders should watch for potential pullbacks towards the 5,800 level and keep an eye on volume and the interaction with the Bollinger Bands for signs of either continuation or reversal.
CME_MINI:ESZ2024Long
by Sahrin
2024-11-06 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Same here, 2 daily bars engulfing 2 months price action and market tested the upper bull wedge line for a new ath. We are close enough to 6000 that we can expect it to get hit, everything else would be a huge surprise to me. Can you short 6000? Not blindly, market mostly needs a double top or more at these levels before it gives up on it. If bears get below the 1h 20ema, I start thinking about not being bullish anymore, until then it’s peak euphoria. comment: Huge day for the bulls, right to or through the upper bull wedge line, depending on how you want to draw it. 6000 is the target and bulls will not stop until we have printed it. Bears can’t seriously expect this to stop before so that is why most of today's price action was bears giving up. We need some time around 6000 to find out how many bulls want to buy that price or if we see an immediate profit taking and reversal down. For now the bull wedge is still alive and the best pattern we have. 6000 would be a bit of an overshoot and those can reverse very fast and they like to test down to the other extreme, which would be 5800ish. current market cycle: bull wedge key levels: 5730 - 6000 bull case: Bulls want 6000. Don’t make this more complicated. Market has not touched the 1h 20ema since yesterday’s US open. As long as it is not broken, only look for longs until we hit 6000. Invalidation is below 5730. bear case : Bears don’t have much. Complete giveup from since yesterday and they will try again at 6000. If they somehow manage to print a decent 1h bear bar below the 20ema tomorrow, their case would get better. For now they don’t have one. Invalidation is above 6050. short term: Max bullish for 6000 as long as 1h 20ema holds. medium-long term - Update from 2024-10-13 : Very rough guess for the remaining trading weeks in 2024. Spike up, decent correction (~10%), nasty (blow off top) year end rally if earnings hold in Q4. Don’t trade based on that guess. current swing trade: Nope trade of the day: Buy anwhere.
CME_MINI:MES1!Long
by priceactiontds
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 election to play out. Traders were very concerned with the election outcome. At this point, I consider this rally phase a bit overcooked. The ES and NQ will likely continue to try to push higher as we move into the Santa Rally phase, but as a trader, I would be cautious of any overreaction to the election results. My best advice for my followers is to continue trading in minimal quantities unless you can handle taking huge lumps/losses over the next 3 to 4 days. The US markets will settle into next week, and after this emotional price move subsides, we'll start to trend based on more logical economic data. There will be some huge opportunities for skilled traders over the next 5+ months. Get ready. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Long
by BradMatheny
1
Election Rally Sets Up Big REVERSION Shift - Stay CautiousThis quick video was initiated to show you how the ES/NQ are setting up new #2 Excess Phase Peak patterns after the overnight rally. Then I took a look at Gold/Silver. We are seeing a very broad shift into a reversion phase where the markets may move into a PANIC type of DEEP-V low over the next 48+ hours. The move in metals (related to the US Dollar rally), will likely result in a DEEP-V base/bottom - prompting a fairly strong recovery/rally phase in metals over the next 2+ weeks. Take a look at what happened during the COVID crisis. The same type of PANIC selling/shift took place then. The Dollar rallies on expectations/policy/or a crisis. This puts very strong pressure on Metals. Then, the markets settle into a reasonable expectation (post-event) and the US Dollar settles. But metals have been deeply undervalued because of the PANIC selling. Metals then move strongly back to the upside - removing to the pre-crisis price level, then move even higher as metals attempt to hedge risks related to the post-event/crisis economy. Get ready. This could be one of the biggest opportunities of your life. Get Some #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Long
by BradMatheny