This morning we take a look at S&P as it printed bearish key levels using the Hidden Level Extraction tool. The recording was cut off early i guess due to Tradingview video limit ? Either way, here is a perfect example how using this tool can make your trading SUPER easy. TWO Key level prints, You simply set limit and let it play. enjoy!
Indicators neutral, not much of an MFI pump so far. Maybe RSI needs to hit oversold before we get the next pump. Market appears more afraid of missing the next pump than it is of the next dip. I don't recommend shorting anything. If in doubt, just go cash, and buy when RSI hits oversold. BTFD, don't fight the Fed, Powell is in complete pump mode. Lots f...
CME: E-Mini S&P 500 Options ( CME_MINI:ES1! ) Last week, investors cheered as the Fed Chair reinforced that interest rate cuts are coming despite hot inflation readings in the last two months. For the full week, the Dow was up by nearly 2% in its best week since December 2023. The S&P was higher by 2.3% and the Nasdaq jumped 2.9%. The three major US stock indexes...
Crazy market, Euros with the pump again. Bailed on my AAPL puts for a loss, made it back day trading AFRM puts. I think I'm just gonna day trade for a few days, there's just crazy rotations everywhere. Today AAPL is up and NVDA is down, lol. QQQ went red. Nuts. I have no idea what the market is doing, not gonna post until inflation numbers come out Friday. ...
MFI heading down but RSI isn't moving much. That's an indication of a melt up. Closed my AAPL puts right after open, I was hoping for a gap down and didn't get it. Anyways, just a dip today, and small caps made a much bigger dip. Will go long when MFI hits oversold, probably Monday
S&P 500 (ES), it's nice to see a strong buying reaction at the price of 5244.00. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. The S/R zone from...
Here is an example of a trade setup with this system that I am taking. It took 4 days for market to enter trade alert zone at 50% retracement level. Market open 6:00p EST check charts found trade setup. buy 5266 stop 5230 This is not financial advice and remember always use risk management! Trade Well, Clifford
potential geometric progression for $spx since 2009 rally with flat 2018/2020 as mid point
Roughly ten 4h candles till FOMC announcement @ 2pm on Wed. ES currently at 5209 and pushing up towards a pending bear cycle on 4h interim and macro. Interim r1 @ 5217, macro r1 @ 5231 and r2 @ 5243. Uncertain how high es pushes before the 4h gets actual bear x on either the dmi or the hma however the dmi definitely showing contraction, with next cycle also...
Friday's price action in the S&P 500 although slightly weaker indicates a lack of selling that was expected based on Thursday's price action. This means for Monday look for a sideways to only slightly lower movement in this market.
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ICT bearish breaker setup. best way to anticipate change in market delivery of price when trying to determine when price will change direction.
Encouraged by a positive economic outlook and dovish signals from the FOMC, investors are diversifying beyond tech giants like NVDA & META. Confidence in the economy's resilience and the Fed's inflation management has broadened the market rally. Although the Mag 7 stocks continue to dominate XLF and XLE are near ATH and XLI remains strong. Small caps, which have...
Well, here comes the Fed whipsaw! MFI already hit overbought, RSI hasn't. All I can tell you is that I expect this whipsaw to be pretty big
MFI and RSI now overbought, best guess is a pump and dump tomorrow.
Indicators are neutral, not sure what the market is doing. Guess I shouldn't have worried about gap direction and bought into teh oversold condition Friday. The premarket dumping and pumping isn't making much sense to me the last couple of trading days, so staying out for now.
The S&P 500 market structure after 2 days of selling implies reaching a level that buyers may return to this market. Be cautious on the short side on Tuesday
How confident is the S&P 500 going into this weekend. Thursdays action implies profitaking. Friday's close will be a barometer of buyers level of confidence going into the weekend if we have a strong close.