TakeProfitTrader

04:38

TakeProfitTrader

Good morning traders, Market continues to push higher in the face of a world that is falling apart. I said it yesterday and I'll say it again, if you're a day trader, trade what is in front of you. Fundamentals tend to lag so don't fight what the market is trying to do right now. There will be plenty of time to jump on the short train, when it comes, and I...

04:41

TakeProfitTrader

Good morning traders... Welcome to a new week and a new opportunity. The market has rallied all of last week, leaving us all the way up at 4450 in this second distribution that I explain in the video. On a technical level, that is a positive for the bulls. Fundamentally, I'm not so sure this market has legs. However, as I explain in today's video, fundamentals...

03:06

TakeProfitTrader

Good morning traders, We finally broke through and stayed through the 4320 area. This leaves us in the upper part of the thick profile, with the top of the distribution being around 4425. I would expect the market to chop in this area, but get some temporary support in the 4360 area this morning on any kind of dip. It was a pretty muted trade overnight, and...

TakeProfitTrader

Good morning Traders, FED chairman Powell confirmed the rate hike in the announcement yesterday, and also pointed to hiking rates 6 more times this year. The market took this as a positive, as this is a sign of strength AND the FED getting the inflation under control. Tehncially speaking, we have taken back and finally pushed through the 4320-4330 area, back...

TakeProfitTrader

Good morning traders... Market has just opened and we have quite a bit for strength since yesterday, RIGHT BACK to 4300 level. Remember this level? You should because if you look at the big picture chart, 4320 is where we have a massive amount of volume. It's where the market kept failing from last week. With that said, all of this takes a back seat to the...

03:56

TakeProfitTrader

Good Morning Traders, I've added some new stuff to the chart, if you guys want the new version, just click on the microphone at the bottom right of the video and use the "make it mine" feature. It's nothing groundbreaking, just a top down approach with some VWAP's now that you can use monthly, weekly, and daily VWAPs in TradingView. As for the market, we are...

02:27

TakeProfitTrader

Good morning traders! First thing, I forgot to mention on the video that you should roll to the new contract. We are now trading the June 2022 contract. By Friday afternoon, usually, the majority of the volume is on the new contract. I would expect that to be the same today. Let us know if you have any questions!

03:44

TakeProfitTrader

Good morning traders! 4300 continues to be heavy resistance above. We tried again overnight and now we are trading 80 handles lower. So, while fundamentally there is a whole slew of issues that need to be resolves (interest rates, Russia/Ukraine, inflation, etc), the technical levels are still holding just fine. I'd hope that continues because it provides...

02:53

TakeProfitTrader

Morning Traders, Want to get you guys this video fast today, as the market is about to open. I would expect much of the same as yesterday, as we are now only 5 trading days to the big FOMC announcement. Heavy resistance remains overhead at 4300

02:56

TakeProfitTrader

Good morning traders, Another wild day yesterday as the touch of 4322 found sellers, and fast! We are back in this thin area from below, so it's important to watch your risk here. The market has the tendency to move violently in these areas.

02:18

TakeProfitTrader

Good morning Traders... The market is really liking this 4322 area, as it keeps returning and churning in that area. With that said, this is still a market that is susceptible to big moves due to news. I would expect to see the market continuing higher today, as we try to push back into the middle/upper part of this heavily traded area.

04:15

TakeProfitTrader

Good morning traders... After powell spoke yesterday, the markets went higher. Not sure what to make of the news about the interest rate hike/inflation coupled with all of the Russia/Ukraine stuff. However, the market is holding on to technical levels pretty well, which is not always the case in high volatile environments. I would expect to see 4500 next,...

01:51

TakeProfitTrader

Good morning traders... Much of the same yesterday. Brief rally, then some selling, then rally again. This leaves us precariously close to the "cliff" at 4275. Keep an eye on that level today if we get sellers early. I didn't mention in the video that powell is speaking at 10 today, and will likely cause some large swings in the market.

01:40

TakeProfitTrader

Good morning traders, Market gapped down and took much of the move from Friday back. Since then, the market has rallied again. I don't know what to make of this, except for the market is back in the bottom of a heavily traded area. I would give the edge to the longs here, until the next headline :)

04:54

TakeProfitTrader

Good morning traders, Nice short covering rally yesterday, but it brings us right back to 4300 which is the bottom of this large "high volume" zone. I talk in the video how the technical picture looks like the market will likely struggle here, at least initially. That can change in the blink of an eye with the news, so be careful if you're trading that.

05:27

TakeProfitTrader

Good morning traders, Wild situation in Ukraine going on right now. Please watch the ideas this morning to get a warning! Don't mean to be negative Nancy, but this may be a day to just chill!

05:11

TakeProfitTrader

Good morning traders, Quite the day yesterday, again mostly news driven. In the video, I show how the market looks quite balanced, even if we are getting whips back and forth. We keep coming back to the 4320 area, and I expect that to continue, until we get a clean break and a pullback. That's what I'll be looking for as a clue for the next move.

06:35

TakeProfitTrader

Morning Traders! I probably should have done morning ideas yesterday, but I don't usually do them on holidays due to the lack of movement. However, this market is volatile even on holidays! We saw a big gap down overnight on escalating tensions between Ukraine and Russia. I would imagine the combo between that situation, and the FED rate hike, we will continue...