So again, I cashed out my trade just above 5000 as we fell last night following the Israel drone strike against Iran. Most of that dip appears to have resolved itself, at least for the moment, but those geopolitical issues will likely be crucial to the potential of a market fall in the coming days. I go into it in the video, but major Earnings are next week, and...
All signs point to a pullback in the market. I think JPM/AMD and some other big names might even be our leading indicator. The only real pullback target I could come up with is a 50% retracement which is fairly common in the market and within trends themselves.
My plan today for SPX levels; My main level is 5011. Bull Plan If we open above 5011 and stay above 5011 we can test 5027 with 5043 and 5053. Bear Plan If we open below 5011 and stay below 5011 we can test 5000 with 4994 with 4988 (this is my preferred move at opening, then adjust). Stay Frosty!
ES Trade Plan Inflection: 5082 Upper lvls: 5099-5109 / 5125-5127 / 5137 / 5153 Lower lvls: 5072-5074 / 5036 / 5005 NQ Trade Plan Inflection: 17632 Upper lvls: 17776 / 17818-17838 / 17871 / 17901-17937 / 18063 Lower lvls: 17564-17573 / 17482 / 17356-17370 Stay Frosty!
We are reviewing price action from yesterday and this morning. going over the clues the market left and how we could have traded the day better.
Going over the FOMC reflecting on the day and our process. looking for clues to how we could have traded the day better. Better than yesterday is our only goal.
I go over how to establish potential scenarios for an FOMC day and how to prepare accordingly. FOMC can be very tricky to trade, but if you have a plan and know the levels that are in play it can provide great opportunities.
ES Trade Plan Inflection: 5095 Upper lvls: 5115 / 5127 / 5137 Aggressive Inflection: 5076 Lower lvls: 5052-5056 / 5030-5038 / 5005 NQ Trade Plan Inflection: 17628 Upper lvls: 17660 / 17776 / 17818-17838 / 17901-17937 Lower lvls: 17507 / 17356-17370 / 17283-17293 / 17163 SPX Pivot 5036 Stay Frosty!
Going over price action for the ES. today is FOMC one of the most volatile days. size down manage risk today. we are going into battle soon.
Going over the days price action. looking for clues on how we could have traded the day better. always do your reflection period. without Reflection there is no Wisdom, only wasted time and time is something we just don't have a lot of. so Make it count. do the hard work.
Learn to leverage CME Group's Event Contracts for trading the E-mini S&P 500 on month-end. Watch how Anthony Crudele breaks it down in this video!
going over the overnight session ES looking for clues as to how to trade the morning session. always know where you'll get out if you're wrong.
We closed the day just 2 ticks from the open. That is the definition of consolidation! There was one setup to speak of and I think it was a pretty high probability one. The opening gap acted as a magnet to give the setup more conviction.
Going over the price action for the DAy ES 4-29-24. market still in consolidation mode after thur/fri massive runs. looking for clues and how we could have traded better today.
Going over the price action ES Morning session Reflecting on the clues the market gave us and what we should have been listening for.
Monday Prep and Lean SPX/ES/NQ ES Monday Trade Plan Inflection: 5146-5153 Upper lvls: 5170 / 5183 / 5190 / 5202 Lower lvls: 5127 / 5119 / 5111-5115 / 5091 NQ Monday Trade Plan Inflection: 17813 Upper lvls: 17937 / 18052-18063 / 18184 Lower lvls: 17735 / 17682-17697 / 17507 Stay Frosty!
Going over Price ACtion ES overnight and starting to add in the other main stocks as well. Looking for clues as to how we can position for the day.
going over the weekly price action and then some ES. going to be doing this every few days going 1 day at a time and looking forward 1 week at a time. keep working hard and reflect. Pain + Reflection = Wisdom