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MES1! trade ideas

Es Levels & targets July 29thExcellent follow through for buyers after fridays close. On Friday, one of my targets were 5528. We got there, then dipped. Right before the close, we got a failed breakdown of 5498 level which shot us right back up to 5528. Been basing up here since. As of now: Hold runners if you have them. 5519, 5502 are supports. Staying above keeps 5536, 5542, 5550-55 in play. 5502 fails, sellers retest 5483 area. Sellers are still in short-term control, and will stay this way until 5550-55 reclaims. Until then, all longs shall be treated with small size and high caution. Be very aggressive with profit takes level to level in this scenario when longing.
CME_MINI:ES1!
by ESMorg
ES Day Trading analysisOn ES , it's nice to see a strong sell-off from the price of 5545. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the strong volume area along with the strong S/R area from the past are my main reasons for this short trade. Happy trading, Dale
CME_MINI:ES1!
by Trader_Dale
Building Success In PineScript - The Ment Pressure SystemAfter more than two weeks of playing around with Pinescript, I've managed to put together some really cool tools for my followers/subscribers. The idea of price pressure intrigued me, so I decided to create something based on it. Ideally, I planned to build something that helped traders find and execute better trades. It is difficult to identify chop vs. trending in any market/interval. My goal was to create a small suite of tools to help traders identify better trade setups. I still believe I have more work to do with these pressure tools, but I'm very happy with how they work. I did learn some "tricks" with Pinescript related to how variables and processes work (of course, by trial and error). Watching the code run in real-time has been fun (watching a 2 min ES chart). I can't wait to see how my followers use these tools and develop new ways to deploy them efficiently. What are your thoughts? Anything I can do to improve? Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
CME_MINI:ES1!Education
by BradMatheny
#202431 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well. Quote from last week: comment: Increased volume on the down move is telling you that this one is the real one. Over the next months, market will test down to the bull trend line from 2023-10, which is also where the weekly 20ema is. Friday we stopped around the smaller bull trend line and it’s a decent place to expect some pullback before we be on our way to 5400/5450 comment: Low of the week was 5432 and I wrote 5400/5450, +121 points. For most letters/rooms/subscriptions you have to pay good money for those outlooks, if you even get them this accurate. Hope you made some. current market cycle: Bull trap triggered. Probably forming a trading range first before we get to the bear trend. First guess for the range would be 5300 -5600 key levels: 5400-5600 bull case: Lower lows and lower highs. Bulls stopped the selloff where they had to and their last bull trend line before only the one from the covid low remains. I do think the two legged correction is good for now for the bears and a bounce is due. Since both sides have reasonable arguments, I think it will come down to earnings. If the mag7 report good and their outlook stays good, we bounce higher. If they fail or some fail, we move sideways. Slightly favoring a higher bounce to form a proper channel downwards. Decent chance bulls might close both bear gaps. Invalidation is below 5400. bear case: Bears see another minor pullback which could not even get to the daily 20ema at 5640. They want another strong leg down to 5300 to make it clear that the bull trend is dead. It’s not out of the picture that they get it. Probability wise, it’s more reasonable to expect the bull trend line to hold and at least go more sideways before another leg down. Issue with that is, that next week we have so many news that will have a big influence on longer term traders, that we will most likely go higher than 5500 or lower than 5400. For bears it’s a really bad short right at the big support. You can scalp short on strong momentum again but bears will likely wait for a pullback before they try again. My preferred path forward is the bear channel on my chart below. Invalidation is above 5600. outlook last week: short term: Bearish but also expecting a pullback first. Same as dax. → Last Sunday we traded 5553 and now we are at 5499. Low was 5432. Bearish was right. Pullback was right. Hope you made some. short term: Neutral. Both sides have valid arguments. Will make this dependent on earnings and will only do scalps for now. Market has to form a better channel if it wants a sustained down move. medium-long term: First target for this section was 5450 and that will be hit over the next days or 2 weeks. After that is 5300 over the next 3-8 weeks and 5000 could be hit again in 2024. —update: 5450 was hit mid July. Next comes 5300 over the next 2-6 weeks. current swing trade: Took profits on the swing short from 5700. Will add again above 5550. chart update: Added my preferred bear channel for the next weeks.
CME_MINI:MES1!
by priceactiontds
Combined US Indexes shows imminent troublesThe week earlier saw the combined index chart log a double top, where last week started to break down. By midweek, the gap (from the previous rally after a breakout) closed. The week ended with a gap reopening. On Friday, this would normally signal a reversal and a bullish reopening of the gap, but it looks a lot less likely given that the MACD is clearly downtrending, as well as the VolDiv confirming bearishness in more ways than one... going below zero line, etc. So, for what it is worth, the reopening is likely to be a flash in the pan, and once it makes a lower low next week, it would really let it go - DOWN
CME_MINI:ES1!Short
by Auguraltrader
S&P July 26 Friday in this video I wanted to show that the market did go to the area where we would find buyers and that would have made around an 80 or 90 point trade on the ES. I believe a lot of Traders would have a hard time taking a trade at the trade location I was looking for because it felt very bearish. want to get into these markets before they move too far in your direction so you don't give too much profit. the market moved below what I would call the last higher low....which is where the buyers found a reversal pattern and drove the market to a new high. in this example the market traded below that last higher low which could be considered a bearish move... and even if you don't know what that description means there will be traders that will be bearish on the market.... but there will also be Traders who will let the market move lower to fill in a gap or a region that's a support resistance area and they will go along. and even if they didn't think exactly like that there will be shorts who will take their profit when it moves to that level just to take profit and nothing else.... which is why these trade locations work. but the bigger picture is after the market found its support and moved about 80 points higher I believe I can't remember the exact number, there is a good chance on Sunday or Monday that there may be selling on this Market and it may be significant enough to expand lower and reveal an even larger correction lower than the initial correction which I think was around 200 points if I remember correctly. my point is there's a paradox in a way that Traders can get wrapped up and victimized by the market because these Traders may not understand that markets find reversals where most Traders not only miss the reversal but they don't even see it as a viable option because they're thinking is too out of sync with the way smart money moves. I gave a point of view that favors the market going lower. if I'm not in the market but I'm looking for sellers in the evening when the markets open on Sunday.
CME_MINI:ES1!
by ScottBogatin
S&P 500 long setup as bulls defend long-term uptrend Fortune favours the brave. And after filling the gap created in June and bouncing off uptrend support dating back to when the Fed pivoted from rate cuts in November on Thursday, you get the sense it’s now or never for S&P 500 500 e-mini bulls. Either they’ll defend the level with the aim of testing the former highs or we’ll see a break lower. Until we see the break, we might as well help bulls with the fight. I know the close below the 50-day moving average will be perceived as bearish, but bulls still managed to defend the uptrend despite a huge lift in volumes. The signals from RSI and MACD on momentum are also not great. But we’re not risking a huge amount of capital if we place a tight stop below the uptrend for protection, say at 5432. You could even wait for a push and close above the 50DMA before entering the trade, allowing for the stop to be raised. Either way, if the trade works in your favour, consider raising your stop to entry level to provide free optionality on upside. Potential targets include 5533, Thursday’s session high, along with 5631.5 which acted as support and resistance earlier this month. From there, we’re talking record highs. If Microsoft can provide confidence on AI-driven revenues when it kicks off the next batch of Magnificent Seven earnings next week, it could easily flow through to Apple, Amazon and Meta that report later in the week. DS
CME_MINI:ES1!Long
by FOREXcom
Ending the Week with a POP and Drop? ES just broke the long Daily Trend Linee ** IMPORTANT** = Now this has broken it is the new resistance don't get bull trapped, bears sleep all summer and there awake and hangry - Weekly Time Frame to the 26 MA will tell us the trend My guess is a hard bounce with the anticipation of NVDA 28th Aug.. -If it breaks sell coved calls and get in puts -If Breaks bulls its going to get bloody (Banks "JP Morgan" anticipate 20% drop. Levels to watch Current Price 5,455 to the next whale zone looks choppy (Whale) 5,470 If it gets here I anticipate a BullTrap ** On the 15 Min time frame its hitting the whale and the upper KC channel The Drop 5,449 -5,497 (No trade zone) If breaks watch the yearly level is a magnet @ 5,441 - Choppy im a lazy swing trader i dont believe in scaping Super Computers beat us evetime After this big whale at 5,432 My last few have been sloppy, this is solid mark my words. ** Economics** Forget the news and all the BS (NVDA will crush earnings) until then watch the big orders and the 2 year bond yield and the 10 Year Oil likes the 80 Level, to pop this back up its Trillions of Dollars. *Key indicators** - As one of these will drop and make the other move Oil Bitcoin Gold ES/SPX/Spyy Alt SouthKorea vs US Dollar JPY/USD
CME_MINI:ESU2024Short
by BullishBear1996