20241213 ESI anticipate SandD. More downside initially with d ss raid. Reversal to the upside later during PMS. That is the most effective , max. damage scenario. PA can move upside without d ss raid as well. Nevertheless at least some downside is anticipated.by Yoo_Cool221
ES going into CPICame back to analyze the ES pre-CPI one more time. I didn't manage to publish this prior to release, as the inflation data just came out as I'm typing this, but looks like CPI came in as expected so no surprises. Ultimately, we did get a potential buy signal on Monday as I expected. It did come with a bit of a push down. I'm still not sure I want to go Long, especially as the ES contract is running on Z24, which will expire soon. The official expiry is the third Friday of the month, but depending on the broker it may cut you off a few days before that, so there isn't much time to hold that trade and the ESH25 contract coming in is already about 70 points higher than our current position. I will likely look for entry into 6E or 6C contracts if they dip lower or show good data into entry points for even soft rebounds. Look for potential disruptions if we get PPI higher than normal that mathematically shows CPE could come in higher than expected. Fed Decision is next week also, which may setup the sentiment going into long term planning of 2025. Safe trading, and remember your risk management!10:31by SemperTraderUpdated 0
seeing the daily range before it happens with ict concepts on esprice is finding support in a series of candles forming a h4 breaker on the left side, we can see it forms a manipulation leg lower at the end of the afternoon session closing below the breaker bodies, but then gapping up on new day open. looking up, we can see a h1 imbalance that was never touched, and a series of relative equal highs. fridays are often bullish, and with no news we dont expect a huge move. so looking for price to go up with the 2am gbp gdp and than start is judas swing lower at 3am trapping everyone long. then since there is nothing going on, it can chop around for a while only to go up again and dump at 930 even lower. at this point, its free to spend the rest of the day in a high resistance run up to the equal highs and large imbalance around 6088. using a standard deviation of 3 off the h1 cisd takes you above afternoon highs, and to the top of a series of candle bodies forming rejection block, which could provide further retracement. you could long the asia high which is also a breaker, if it manipulates down there at 930am with your stop at the new day gap low targetting 6088Longby sail_trader0
Inside dayAfter sellers pushed the S&P 500 daily chart down inside the range of Wednesday's up day, I am not looking for a large move to the downside or the upside as we go into this weekend. Rather, I am looking for Friday to trade inside the range of Thursday's price action.02:09by DanGramza0
S&P 500 Third of a ThirdLooking at the way the price structured the pattern. I lean hard into it moving down into the second swing. We are at the end of sub-wave two of the ongoing second swing at this juncture. Just by logic having wave two end means we are moving into a third wave territory. Third waves are, in most cases, the best and most aggressive move to trade in. Thus the high at 6,085 should hold until we see it make a new low past the first swing low of 6039.25 Happy Trading :)Shortby HydraFinance0
SPX running on empty, looking for a CORRECTIONI've been bullish the market for a long time and had a great 2024 but I believe the signs are now visible that the market is ready to take a breather. That may have to wait until the Xmas holidays or early new year but I suspect that in the first part of 2025 we could see a decent 5%-10% pullback which should present another buying opportunity for even higher levels 6-12 months down the road. Longer term I am yet to see any signs of a significant market breakdown visible and that comes back to central bank criminals (FED) continuing to have an easing bias and President Trumpet being on the higher government spending/tariffs path which ultimately stokes inflation back higher again.Shortby WVS_Stockscreen2
S&P500 Measured Move - ES Target 2024 Reached?That's a ...ummmhh..surprise at least. And it's crazy. I never thought this could happen. But we better shall believe, that ECH - Everything Can Happen! So, is the target reached for 2024? Nobody knows, right? But, I start to further close positions and take my profits in these Index and the correlating Markets. Don't let Greed eat your Brain §8-) As for my Christmas Lotto Ticket this year, I take a small Short Position now...LEAPs, Bear-Spread, dunno yet, but it's a Shortie that I can let sit for a couple Months. Talk soon...Shortby Tr8dingN3rd4
ES1! morning analysisBig picture analysis for ES1! Proposed primary wave ((1)) terminating in March 2000, primary wave ((2)) terminating in March 2009 as a zigzag, and primary wave ((3)) terminating in January 2022. Proposed primary wave ((4)) seen as an expanded flat, with wave A terminating in October 2022 and wave B at or near termination now. Wave C would take price below October 2022 low, with parallel channel providing price support above 3000 and wave C terminating near the wave (4) of lesser degree.Shortby discobiscuit0
/ES Futures in a Bull Flag Over Prior High/ES futures are trying to break out of a bull flag that has been built over the prior ATH from earlier in November. A successful breakout may target the measured move above.Longby CHTradingGroup0
Will PPI add fuel to the fire?Buyers reenter the daily S&P 500 market on Wednesday based on CPI data. Now will PPI data be able to add fuel to the fire and continue this market higher the objective is 6120.02:18by DanGramza6651
2024-12-11 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Bullish breakout again. CPI was in line and no one cares about bad news, when markets can only go up. Same reasoning for sp500 & nasdaq as on dax. We can do higher highs but I don’t think we will go much further. Sideways inside the given range is my assumption. Sp500 will likely hit 6000 before end of the week. comment: Late rallies in trends based on neutral news (at best) is never a reason to expect big follow through. Bulls printed a good daily but still a lower high. A measured move up would get us to around 6130, depending on how you calculate it. Since I have another target around 6160, it’s somewhat ok. There are also 2 upper bull trend lines but they are above 6200, so let’s not focus on them as of now. I still have my doubts we just move higher in an Opex week with that euphoric sentiment but I won’t say it can not happen. Tomorrow will be important. If bulls don’t get the follow through, we will likely test 6000 next. current market cycle: bull trend - late and will end soon key levels: 6000 - 6170 bull case: Bulls should not let the market drop below 6070-6080 if they want the momentum to continue. We have the obvious target 6113 and above that I got 6130 next. How likely is another strong leg up? Bulls bought near the bull trend line and we are inside a decent channel and nested bull wedges. They have many arguments on their side to continue higher inside the current structure. Invalidation is below 6000. bear case: Bears quickly gave up after the CPI spike and let the market rip to 6100. The bears can argue a couple of things. First is the euphoric sentiment in a globex week. It’s unlikely that we close the week at the very highs. Next is the higher time frame argument for a two-legged pullback. On the daily chart the move down to 6039 can be seen as A, B today hit 6102 and C could give us 5973 or at least 6000. If I had to guess as of now, chop between 6050 - 6100 is the most likely outcome. Invalidation is above 6130. short term: Neutral. I won’t buy near or above 6100 but I will also not short after a 50 point ripper. Tough spot right now and I expect more fake moves to both sides until end of Friday. medium-long term - Update from 2024-12-11: Will write an update after Opex on Friday. If we stay above 6000, can print 6200 easily into year end. If Friday closes below 6000, we could drop some more and upside above 6100 will also probably be limited. current swing trade: Nope trade of the day: Question on those news spike is always, could you have anticipated it? Don’t play that game, it’s a fools game and you have no edge. Next best question is, could you have longed after the initial spike? Yeah you can but stop had to be 6045 and that would have been 20+ points already. Since market just continued above the 5m 20ema, any long was obviously the right call after the spike. Still tough to take since your stop is so far away.by priceactiontds0
Is there any bearish case against the ES?Hope you enjoy the video. I finished my trade on the 6E this morning from 1.037ish to 1.063, so I came back to look at the ES and see how I felt things were looking for a bearish case scenario. Ultimately, while I want to find one, I don't see one, and will likely continue to stay out of my beloved ES for the moment, in spite of my urge to short this overbought market. I am getting signals all over, but most will require a decision at EOD today or I could always make the decision Sunday evening or early Monday before markets open. Safe trading, and remember your risk management plan!09:46by SemperTraderUpdated 0
50-50The S&P 500 market response to CPI data being released on Wednesday is 50-50 for a directional move.04:14by DanGramza4
ES new levels for tomorrow ES retracements (blue) and targets/extensions (grey boxes) for tonight/tomorrow. by wildtrade1Updated 1
S&P Correction, More Downturns ExpectedEven though the price traded slightly higher than the closing price on Friday, we did not see it make another high. Instead, it has started its descent into forming what I expect will be a more moderate retracement before we continue the upward trajectory. The first swing down, just on the look of it, seems to be at or close to completion. Assuming this is true, the best course of action is to wait for the upcoming intra-correction rally of the B wave. Subsequently, we can look to position an order to take advantage of the second swing down to complete a classical zigzag pattern. The correction so far has reached the 23.6 level retracement of the previous third wave total advance. Still, we would ideally like to see it travel into at least the 38.2% retracement, which coincides somewhat closely with the ending area of the previous 4th wave of one lesser degree. This is one of the main target areas we look for on the travel of a 4th wave. I will keep updating as the price and the pattern continue to develop. Happy Trading :)Shortby HydraFinance111
On 1 min chart, Bullish Reaper possibleThere could be a 1 min Bullish Reaper for a quick Bullish Scalp. However, I didn't see any DOL. It doesn't fulfill my fundamental setup, i.e. to spot my DOL first. I made the mistake yesterday. I will not enter with such uncertainty today. by learnwithkit0
ES potential short term top After roughly 90 days of upside, ES has now hit a Fib extension resistance on a larger scale. The Ideal scenario would be a retracement of some smaller fibs at target #1, then finally a retest of big support at target #2. Shortby Kreedmonger0
Es/SPX Morning Update Dec10thThis week will revolve around one key magnet: 6063 area (megaphone support), and ES has respected it so far. After selling there, bouncing, and now spending 20 hours consolidating, it’s backtesting the December 3rd breakout level. As of now: 6063 remains support. Buyers holding above keeps 6079 and 6088-93 targets in play. If 6063 fails, expect a dip to 6050-6048. TIP: If you need to set up your charts exactly like mine, including all the levels and Fib Channels, here’s how starting from the home page: **1. Go to TradingView and use the search bar.** **2. Switch to the “People” tab and type in ESMORG.** **3. Click on one of my updates.** **4. Scroll to the bottom-right corner outside of the chart and look for three dots (…).** **5. Click on those dots and select the option that says “Make it Mine” or “Grab this Chart”.** This will instantly apply my chart setup to your own TradingView account so all your levels can be precise.by ESMorg224
Es with DaytraderA view of ES today with Daytrader Pivots and how it worked through the day with updated levels for tomorrow.by Tagerediia2
Not looking for a big move lowerSeller's return to the daily chart of the S&P 500 on Monday. Follow-through would be expected but not a dramatic move without new fundamental information.02:06by DanGramza441
SPX 3d Dec 24 - Jan 25Publishing to see how the wedge on the SPX plays out over the next few weeks. Has been up only for so long, this is ripe for a flush for some accumulation. by cmerged0
2024-12-09 - priceactiontds - daily update - sp500Good Evening and I hope you are well. tl;dr sp500 e-mini futures - Neutral. Don’t short new lows because this is not a strong bear trend. Wait for pullbacks. I’d be surprised if we hit 6100 tomorrow but I can’t rule it out. My next bear target is 6035 for tomorrow and there is a good chance we print 6000 or lower this week. sp500 e-mini futures comment : Strongest bull bars that late in the trend? Tough. I have two higher targets still. First is the bull trend line to around 6160 and second is a measured move target to 6300. Bears are doing nothing but it’s also unlikely that we just continue higher in this tight of a channel on the daily chart. Market is on it’s last legs up and these windfall profits will get taken off the table before they disappear. You don’t get bullish this late in a trend, you get cautious. current market cycle: bull trend - late and will end soon key levels: 6000 - 6170 bull case: Bulls did not much today to fight it. Profit taking was expected and I can’t see many bulls buying 6035 but rather waiting for 6000. Not much else to I can come up with here. Invalidation is below 6000. bear case: Bears want to test 6000 and the daily 20ema near the bull trend line. 3 Perfect reasons to expect 6000-6030 to be hit tomorrow/Wednesday. I do not expect market to just sell off but rather hurt many traders on both sides first, by chopping back and forth. Perfect for bears would be to stay below 6084. Invalidation is above 6120. short term: Not shorting the lows but looking for shorts on pullbacks. I want to see 6035 and 6000 or lower this week. medium-long term - Update from 2024-11-16: So the top definitely qualifies as a blow-off top but the question if we continue further up, is still valid. It is possible that we are already inside the correction and if we continue below 5860, I highly doubt bulls can get above 6000 again. Given the current market structure, I won’t turn bear because the risk of another retest of the highs or even higher ones are just too big. current swing trade: Nope trade of the day: Bar 13 - 23 was a good first leg and strong enough to expect some follow through. Bar 35 was a good signal bar and bar 38 should have been your entry bar, once it strongly broke below 6089.by priceactiontds0