A quiet day is expected.A quiet day in the S&P 500 for Tuesday, December 24 is expected. A lack of fundamentals and a shortened trading session creates the expectation of a quiet session.
es1! retests 5kes1! appears poised for a larger move down, based on the smaller timeframe count .
this leads me to believe that es1! has entered a larger fourth wave. historically, these waves take an average of 2 months to play out and typically result in a 12% decrease from the high before completing.
wav
ES/SPX Morning Update Dec 27thThis week has been about one level in ES: 6097-6100. It’s been my target since last Friday and remains a major resistance. Bulls control above it, while bears dominate below, aligned with the FOMC resistance. Yesterday, we hit the level and sold off.
As of now:
• 6060-6066 = support.
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Looking for a quiet day on FridayThe expectation for the S&P 500 on Friday is a quiet day as we go into the weekend.
Buyers momentum continues higher.In the S&P 500 daily chart the buying momentum over the last few days continue moving the market higher. This momentum is expected to continue on Thursday with 60150 the next objective for this market.
2024-12-23 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
tl;dr
sp500 e-mini futures - Neutral. We stayed below Friday’s high but bulls had a really bullish close. Until they get a strong move above 6050, I lean neutral. Above 6050 there is no more resistance until 6100. Bears something below 5965 but for now they c
Bullish Rally, followed by a seloff in the afternoonOn the blue C wave targets on the lower right.
This is meant to teach EWT elliot wave theory, to give not give trading advice. There is a corresponding Video Idea that goes into more detail. I will update the idea during the day tomorrow.
I''m planning on buying with both hands if BITX /BITC
ES Weekly Trading Plan: Balancing Market Strategy 12/29 🚨Trading Plan: Balancing Market Strategy with Failure Scenarios 🚨
Market Context
The market is currently in a balancing phase, with defined extremes of the balance zone at 6164 (high) and 5898 (low). Our approach will focus on trading around the midpoint and targeting key levels, while remaining
OverdoneThe down movement on Friday in the S&P 500 implies a market that is overdone to the downside. This means that the typical reaction would be an inside day on Monday as this market catches its breath.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of S&P 500 Index Futures is 5,985.00 USD — it has fallen −1.21% in the past 24 hours. Watch S&P 500 Index Futures price in more detail on the chart.
The volume of S&P 500 Index Futures is 827.00. Track more important stats on the S&P 500 Index Futures chart.
The nearest expiration date for S&P 500 Index Futures is Mar 21, 2025.
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 S&P 500 Index Futures before Mar 21, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For S&P 500 Index Futures this number is 9.98 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for S&P 500 Index Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for S&P 500 Index Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of S&P 500 Index Futures technicals for a more comprehensive analysis.