going over the price Action ES for Monday 5-13-24. looking for clues as to how we could have traded better today and what the market was telling us.
Going over the price action from Sunday night till the morning session ES looking for clues and reviewing to see any clues that were left by the market.
ES Monday Trade Plan Inflection: 5245-5249 Upper lvls: 5258-5265 / 5272-5280 / 5302-5308 Lower lvls: 5230-5232 / 5212 / 5200 NQ Monday Trade Plan Inflection: 18268 Upper lvls: 18339 / 18497-18503 / 18571-18586 Lower lvls: 18203 / 18149 / 18063 Stay Frosty!
Weekly plan: ESH2024 NYSE:ES FUTURES 5/12/2024 5280 >> 5307 >>> 5334 Weekly pivot: 5250, Now 5238 5224>> 5173 >>> 5146
Can the sellers that appeared in Friday session in the S&P 500 follow through to the downside on Monday or was the selling buyer selling to take profits before the weekend. Monday's price action will give us answers to these questions.
Going over the morning session ES looking for clues and how we could have traded better today.
Going over the price action Overnight ES looking for clues as to how to trade the morning session. We are lowering risk Day 6 uptrend
The structure on Thursday in the S&P 500 daily chart implies the possibility of a strong close on Friday as we go into the weekend. Ideally would be a close above 5260 to 5265
Going over todays price action. looking for clues to what the market was telling us and reflecting on our trades and what we could have done better.
Going over the price action overnight ES looking for clues as to what the market is telling us and thinking about our trade plan for the day.
The structure in the S&P 500 for the last couple of days is actually a neutral zone trade which implies a sideways move however the structure on Wednesday implies a bias for moved to the upside on Thursday.
going over Price Action for the Day Session looking for clues as to what the market is telling us. always know where you'll get out if you're wrong and remember we are risk managers first. that is our most important job.
Going over the Price action ES Morning session looking for clues as to how we could have traded it better. spending the time to reflect so we can gain Wisdom. Do the Hard Work. Pain + Reflection = Wisdom
ES Trade Plan Inflection: 5210 Upper lvls: 5220-5229 / 5243-5247 / 5262 Lower lvls: 5194-5199 / 5183-5184 / 5178 / 5170 / 5154 NQ Trade Plan Inflection: 18180 Upper lvls: 18270-18306 / 18571-18586 Lower lvls: 18134-18155 / 18100 / 17994 / 17937 / 17774-17810 Stay Frosty!
Going over the Days Price Action ES. looking for clues and asking the important questions.
The smaller range on Tuesday in the S&P 500 implies a loss of momentum and the market catching its breath. This structure means that if you're on the long side be cautious. The expectation is for sideways move.
Going over the Overnight Price action review looking for clues and the plan for today.
It appears that the S&P 500 price action indicates the market is adjusting to the outlook that interest rate cuts may happen later in the year. The expectation would be another day higher on Tuesday but not a large range. The estimate for the high would be 5225 to 2530.