Top Down Approach Discussion and how to View BPT

Posted by steve on 13th of Jun 2020 at 01:48 pm
Title: Top Down Approach Discussion and how to View BPT

Hi Steve - Who's the Nick/Nickikeak

Posted by jephrey on 31st of Oct 2022 at 12:13 am

Hi Steve -

Who's the Nick/Nickikeak to whom you're referring in tonight's news letter?

Jephrey...please take time to review

Posted by steve on 31st of Oct 2022 at 05:55 am

Jephrey...please take time to review ALL of my previous posts this weekend and that will answer your question.   

Here you go - https://www.zerohedge.com/markets/did-nikileaks-just-kill-dovish-fed-narrative-he-launched

Re Some guy named Nick.

Posted by brophy on 31st of Oct 2022 at 09:18 am

Re Some guy named Nick. I never listen to rumors, no matter where they come from. There is nothing in any of the data ( or charts!)  that says pivot.

I'm not big on the

Posted by fundamentalvalues on 31st of Oct 2022 at 09:28 am

I'm not big on the sold narratives or reasons for why things did this or that on a certain day either. Whoever is running the market show, algos, I call them "Oz" ultimately knows where it is going and takes it there, I just buy or sell based on prices. A lot less headache. 

I don't have any emotional attachment and that enables me to operate day to day easily in accordance with my plan. I also don't watch all the ticks, I've found it to not be good for my health or outlook on life. Checking how things look on the close is often enough for me to see if any adjustments need to be made or not. To each is own. I've learned to be me because that is the only person I can be. 

Thank you!

Posted by jephrey on 31st of Oct 2022 at 02:38 am

Thank you!

SPX Cycles - Do we

Posted by DigiNomad on 22nd of Aug 2022 at 09:55 am

SPX Cycles - Do we have a sell on all time frames except the daily now? 

not sure what you are

Posted by matt on 22nd of Aug 2022 at 10:03 am

not sure what you are asking - here's an image of the KISS charts with the cycles and ATR's etc - we'll probably see a cycle support show up sometime on the 130 min and 1/2 day but not yet.  ATR was lost last week on the 60 min and 130 min, and this morning lost on the 1/2 day. Still holding on the daily, getting close at 4130 approx

"ATR was lost last week

Posted by DigiNomad on 22nd of Aug 2022 at 10:08 am

"ATR was lost last week on the 60 min and 130 min, and this morning lost on the 1/2 day. Still holding on the daily"  - answered my question. That's what I thought but wasn't sure. Thanks! 

Trying to hold the S2

Posted by flredsox on 26th of Jul 2022 at 12:15 pm

Trying to hold the S2 Pivot, seems like a cat hanging on to the edge of a pool

Steve, agree completely. Just thinking

Posted by DigiNomad on 1st of Jul 2022 at 01:35 pm

Steve, agree completely. Just thinking that maybe SMH good for a short term trade since the ribbons are so wide on most time frames and we are sitting on major support (very very slightly below). Looking for an entry with a stop at today's lows. 

Just hoping you caught those

Posted by steve on 1st of Jul 2022 at 01:41 pm

Just hoping you caught those AMD and NVDA shorts 

yeah and I covered them

Posted by matt on 1st of Jul 2022 at 01:52 pm

yeah and I covered them again last night

why would the VIX not

Posted by Walt on 5th of May 2022 at 04:02 pm

why would the VIX not have reached 38-39 on a day like this?

Probably because of what Steve

Posted by rfa300 on 5th of May 2022 at 04:06 pm

Probably because of what Steve posted earlier. See below

maybe meaning a lot of

Posted by kevindeng0727 on 5th of May 2022 at 04:03 pm

maybe meaning a lot of room for it to run higher?

Thanks, Matt -- appreciate it.

Posted by mstaples37 on 25th of Oct 2021 at 05:05 pm

Thanks, Matt -- appreciate it.  Looking forward to seeing those things you've been working on!

Steve,  how does one access

Posted by bharvey96 on 30th of Sep 2020 at 01:35 pm

Steve,  how does one access the "Ciovacco Historical Perspective Charts?"  I would imagine you need to be a client?

He puts out a weekly

Posted by steve on 30th of Sep 2020 at 01:41 pm

He puts out a weekly video via Twitter on Friday Night

Hi Matt/steve, is today highly

Posted by kevindeng0727 on 16th of Jun 2020 at 09:18 am

Hi Matt/steve, is today highly likely to be a trend day?

ES 1/27

Posted by steve on 5th of Sep 2022 at 10:46 am

Upside:  4084 4105 4125 4133 4155 4168 4187

Downside:  4042 4032 4016 3995 3975-85 3956 3943 

Pivot:   4060

ES 4084 then 4105 above

Posted by steve on 27th of Jan 2023 at 09:50 am

ES 4084 then 4105 above Support 4055-60

ES approaching next target posted

Posted by steve on 27th of Jan 2023 at 02:49 pm

ES approaching next target posted 4105 

ES bounced near posted support 

Posted by steve on 27th of Jan 2023 at 11:51 am

ES bounced near posted support 

Nice smash down to the

Posted by steve on 26th of Jan 2023 at 11:02 am

Nice smash down to the ES pivot - hope I stopped you from chasing early today and locked down some profits 

yes, captain! This market seems

Posted by junkie on 26th of Jan 2023 at 11:06 am

yes, captain! This market seems to be successfully navigated to fading openings into the close or into noon.

Yes thank you

Posted by srusso1 on 26th of Jan 2023 at 11:06 am

Yes thank you

ES 240 Supply  4070-4091 (4

Posted by steve on 26th of Jan 2023 at 08:47 am

ES 240 Supply  4070-4091 (4 hour chart) This is fresh supply updated 

Demand 3946-3920 (if pullback unfolds) 

ES Supply Zone (4 Hour)

Posted by steve on 26th of Jan 2023 at 02:08 pm

ES Supply Zone (4 Hour) still remains above at 4070-91 as a target zone 

Yes - nice move up

Posted by steve on 26th of Jan 2023 at 03:28 pm

Yes - nice move up towards supply zone 

ES 240 seeing a potential

Posted by steve on 26th of Jan 2023 at 09:20 am

ES 240 seeing a potential diagonal pattern 4035 3902 4056 3960 then xxx (supply is 4070-91) 

Thanks Steve, held and added

Posted by retirefire on 26th of Jan 2023 at 09:50 am

Thanks Steve, held and added short up there 4065

ES 3995/4000 Key Support 

Posted by steve on 24th of Jan 2023 at 10:11 am

ES 3995/4000 Key Support 

ES next resistance 3960-75 zone 

Posted by steve on 20th of Jan 2023 at 01:03 pm

ES next resistance 3960-75 zone 

Posted by steve on 6th of Jan 2023 at 10:12 am

Looking at your mapping from

Posted by bpozdoll1717 on 6th of Jan 2023 at 10:39 am

Looking at your mapping from the newsletter projecting the market up first, then pullback to 3810, and then another rally.  Boom!  Nicely done.  

Thanks but certainly not easy

Posted by steve on 6th of Jan 2023 at 10:41 am

Thanks but certainly not easy - market is so thin 

3880 once again has provided

Posted by steve on 6th of Jan 2023 at 09:13 am

3880 once again has provided some resistance on ES 

Regarding the SPX = a 1:1 relationship for symmetry would be 3903 based upon overnight or slightly higher on cash regular session  around 50% Fib 

Nice fade off that resistance

Posted by steve on 6th of Jan 2023 at 09:45 am

Nice fade off that resistance 3880

Big overnight swings - with

Posted by steve on 3rd of Jan 2023 at 08:18 am

Big overnight swings - with ES testing several resistance zones overnight. 

Support now 3874 3853-58

Overnite was crazy, that would

Posted by racerick on 3rd of Jan 2023 at 08:32 am

Overnite was crazy, that would have been a year's move 20 years ago

$VIX looks to open +7%

Posted by kevindeng0727 on 3rd of Jan 2023 at 08:22 am

$VIX looks to open +7% - not sure if I am seeing the correct number

VIX up 6.51% in TOS

Posted by EdZ on 3rd of Jan 2023 at 08:49 am

VIX up 6.51% in TOS

ES Support 3845-50 bulls need

Posted by steve on 30th of Dec 2022 at 09:18 am

ES Support 3845-50 bulls need to hold and get back above 3855 to target 3870-75 3895.  Fails support then 3820 next support 

The levels posted on ES

Posted by steve on 12th of Dec 2022 at 09:39 am

The levels posted on ES represent the March contract 

thanks Steve, my apologies, thought

Posted by matt on 12th of Dec 2022 at 09:45 am

thanks Steve, my apologies, thought you had a typo. I got about an hr sleep so brain a bit slow

No problem - just wanted

Posted by steve on 12th of Dec 2022 at 09:45 am

No problem - just wanted to clarify for everyone  

ES bounced off initial support

Posted by steve on 22nd of Nov 2022 at 08:47 am

ES bounced off initial support overnight at 3945

ES 3915 magnet 

Posted by steve on 17th of Nov 2022 at 08:10 am

ES 3915 magnet 

ES 3915 achieved - check

Posted by steve on 17th of Nov 2022 at 09:02 am

ES 3915 achieved - check that box (beauty) 

Nice call Steve, I'm perking

Posted by fundamentalvalues on 17th of Nov 2022 at 09:03 am

Nice call Steve, I'm perking up now for a long trade, looking for entry in pieces. I usually don't get all my pieces, though that is a good thing. Lets see.

ES Resistance 4016-20 (next level

Posted by steve on 13th of Nov 2022 at 02:03 pm

ES Resistance 4016-20 (next level above Friday's highs) 

ES Resistance 4016-20 (next level

Posted by steve on 14th of Nov 2022 at 03:16 pm

ES Resistance 4016-20 (next level above Friday's highs)  - this was posted pre-market 

Not bad IF anyone took ES from supply zone posted earlier today - BINGO 

Tremendous fade out of that

Posted by steve on 14th of Nov 2022 at 03:34 pm

Tremendous fade out of that supply zone on ES 

ES Supply Zone 3833-45 (rejected)

Posted by steve on 9th of Nov 2022 at 08:27 am

ES Supply Zone 3833-45 (rejected)

Reminder CPI tomorrow 

Posted by steve on 9th of Nov 2022 at 08:45 am

Reminder CPI tomorrow 

ES has formed higher highs

Posted by steve on 2nd of Nov 2022 at 08:59 am

ES has formed higher highs and higher lows so as stated uptrend remains intact until that changes.  Prior low on ES was 3757 so if broken then you have confirmation of a trend change.   Demand zone for ES 3813-3777 with Supply zone 3898-3928

FROM DEMAND TO SUPPLY -

Posted by steve on 2nd of Nov 2022 at 02:53 pm

FROM DEMAND TO SUPPLY - ALL POSTED IN ADVANCE 

NOW Back to Lower Demand Zone 

Great letter and work here,

Posted by fundamentalvalues on 2nd of Nov 2022 at 09:07 am

Great letter and work here, I appreciate you Steve. If it isn't too much trouble, would you mind adding the demand zone and supply zone to the ES Levels daily sticky post? This information really helps me with considering where I will trade.

Levels were updated previously  (3940

Posted by steve on 1st of Nov 2022 at 08:35 am

Levels were updated previously  (3940 starts next supply zone) 

ES broke down from 3820

Posted by steve on 28th of Oct 2022 at 08:48 am

ES broke down from 3820 and that remains key resistance 

Some Squeeze above 3820 

Posted by steve on 28th of Oct 2022 at 09:32 am

Some Squeeze above 3820 

Nearly 30 points from squeeze

Posted by steve on 28th of Oct 2022 at 09:43 am

Nearly 30 points from squeeze level - time for breakfast 

3,797 fills a gap, only

Posted by fundamentalvalues on 28th of Oct 2022 at 08:51 am

3,797 fills a gap, only one after that is 3,583, the main one that concerns me if Oz let it drop at some point. No idea on timing, I think pressure to the upside is more likely in a range for a bit as you pointed out in the newsletter. 

ES 3820 support tested twice

Posted by steve on 27th of Oct 2022 at 02:27 pm

ES 3820 support tested twice now 

Defended, so far.

Posted by frtaylor on 27th of Oct 2022 at 03:02 pm

Defended, so far.

yep right on that area Trading

Posted by matt on 27th of Oct 2022 at 03:04 pm

yep right on that area

Trading View Chart

Hope it's thin ice

Posted by retirefire on 27th of Oct 2022 at 02:32 pm

Hope it's thin ice

ES 3866 resistance 

Posted by steve on 27th of Oct 2022 at 09:41 am

ES 3866 resistance 

Amazingly accurate on this morning

Posted by watcdy on 27th of Oct 2022 at 09:44 am

Amazingly accurate on this morning range so far — bravo 3868 on mes  high 

ES 3730 next level above 

Posted by steve on 21st of Oct 2022 at 10:07 am

ES 3730 next level above 

3730 achieved 

Posted by steve on 21st of Oct 2022 at 12:08 pm

3730 achieved 

I think stop loss orders

Posted by arun on 21st of Oct 2022 at 12:36 pm

I think stop loss orders will be at 3760 if u want liquidity today on Friday.

- Twitter post

here's the levels on ES

Posted by matt on 20th of Oct 2022 at 09:38 am

here's the levels on ES that we report daily on a chart of ES from Trading View

https://www.tradingview.com/chart/XhdK9UKW/ 

I can't believe it took

Posted by donkeyface on 21st of Oct 2022 at 08:46 am

I can't believe it took me this long to find this

... but now I got it.   Man tradingView just looks better than everything else. 

Thanks for this... assuming this is updated almost everyday?

on that Trading View Chart

Posted by matt on 20th of Oct 2022 at 09:46 am

on that Trading View Chart - you guys can link to your broker like Interactive Brokers, and place trades directly on the chart - have limit and stop orders in place waiting at important levels, you can easily drag those orders up and down on the chart. If you use Interactive Brokers like I do, their Excel-like interface sucks for placing trades especially on futures - I always link my IB directly to my Trading view. 

also if you have a Tradestation account, you can link your TS account to Trading view as well and execute your trades through Trading View instead of through the TS software - the trades are executed in your TS account. Why would you want to do this? I find that Tradestation gets laggy and prone to freezing on fast days and this can screw with your trading in fast environments - this doesn't happen on Trading View

Matt, I do not get

Posted by mundy on 20th of Oct 2022 at 02:54 pm

Matt, I do not get any levels when opening TradingView. I take it you have to subscribe to Tradingview?

Showing up very nicely now

Posted by mundy on 20th of Oct 2022 at 03:59 pm

Showing up very nicely now thanks Matt.

I'm sure you do 

Posted by matt on 20th of Oct 2022 at 03:03 pm

I'm sure you do 

WOW Thanks so much.. have

Posted by arun on 20th of Oct 2022 at 09:45 am

WOW Thanks so much.. have been waiting for this

no problem - I can

Posted by matt on 20th of Oct 2022 at 09:47 am

no problem - I can easily update that once a day, most of those levels don't change much

I took a small short

Posted by steve on 20th of Oct 2022 at 09:06 am

I took a small short near 3730 level and that was welcome news...what a mess 

yeh I bought SPXS if

Posted by srusso1 on 20th of Oct 2022 at 09:41 am

yeh I bought SPXS if I'm wrong I can sit on it

ES now watching ES 3735

Posted by steve on 19th of Oct 2022 at 07:56 am

ES now watching ES 3735 topside

Great fade overnight posted a few hours ago from 3775 pivot shown in sticky post above which accelerated down after losing 3760

Quick 30 point fade from

Posted by steve on 19th of Oct 2022 at 09:50 am

Quick 30 point fade from ES 3735 level posted 

so sell 3735 and buy

Posted by private on 19th of Oct 2022 at 08:39 am

so sell 3735 and buy 3660 to cover on ES?

Roy - I will list

Posted by steve on 19th of Oct 2022 at 08:42 am

Roy - I will list the key pivot levels.  You can choose to implement into your futures trading or not.  Focus on YOUR PLAN 

The wedge posted in chart

Posted by private on 19th of Oct 2022 at 08:58 am

The wedge posted in chart 14 last night is close to breaking. It had only 3 touches and not 5, so it should not. If it does break, my target is near 3660. If it does not, I will do nothing and wait for it to break. That is my plan. Feedback is welcome!

ES 3775 reached 

Posted by steve on 18th of Oct 2022 at 08:47 am

ES 3775 reached 

ES Support 3660  Resistance 3710-14 

Posted by steve on 13th of Oct 2022 at 07:59 pm

ES Support 3660  Resistance 3710-14 

Nice trading on those pivots

Posted by steve on 14th of Oct 2022 at 08:17 am

Nice trading on those pivots overnight - johnny and Kobie should have cleaned up 

Thanks Steve. Hope you killed

Posted by johnny2012 on 14th of Oct 2022 at 08:26 am

Thanks Steve. Hope you killed it as well!

Steve $$$

Posted by kobie on 14th of Oct 2022 at 08:19 am

Steve $$$

Beautiful 30+ point fade on

Posted by steve on 14th of Oct 2022 at 04:32 am

Beautiful 30+ point fade on ES off pivot Resistance zone posted

I mean you waited till

Posted by donkeyface on 14th of Oct 2022 at 08:53 am

I mean you waited till 4:32am to tell us this... LOL                 

I would love to get

Posted by donkeyface on 14th of Oct 2022 at 08:54 am

I would love to get every new post (not necessarily replies) on my texts.    But that's asking a lot.  lol

Make that 50+ right into

Posted by steve on 14th of Oct 2022 at 07:54 am

Make that 50+ right into 3660 support 

Repelled again near 3630 pivot

Posted by steve on 12th of Oct 2022 at 08:39 am

Repelled again near 3630 pivot for a trade pre-market on the news 

ES 3580 bounce - 3630

Posted by steve on 11th of Oct 2022 at 10:41 am

ES 3580 bounce - 3630 is the key pivot above 

ES rallied up towards initial

Posted by steve on 11th of Oct 2022 at 08:57 am

ES rallied up towards initial resistance area 

Updated ES levels yesterday so

Posted by steve on 10th of Oct 2022 at 08:17 am

Updated ES levels yesterday so please refresh...3628-35 support zone (holding for now and bears will need to breach for immediate downside) 

There is a zone here

Posted by steve on 7th of Oct 2022 at 03:37 pm

There is a zone here on ES so let's see if we can get a bounce - I'm sure many are not giddy on a Friday 

as Steve said there was

Posted by matt on 7th of Oct 2022 at 03:45 pm

as Steve said there was a little support zone there so we got a bounce, see ES chart

also here's the 5 min cash

We are going to need

Posted by fundamentalvalues on 7th of Oct 2022 at 12:51 pm

We are going to need a refill on downside levels soon bartender   

ES Support 3760 - if

Posted by steve on 6th of Oct 2022 at 10:34 am

ES Support 3760 - if lost test of yesterday lows 

ES Levels above with downside

Posted by steve on 5th of Oct 2022 at 10:34 am

ES Levels above with downside magnet - if wave B that area or 3687-3663  (SPX)  and if wave 4 in place then NEW LOWS (bounces will form lower highs) 

ES Levels updated 

Posted by steve on 5th of Oct 2022 at 07:16 am

ES Levels updated 

ES Supply Zone 3790-3822

Posted by steve on 4th of Oct 2022 at 10:52 am

ES Supply Zone 3790-3822

ES Levels is Downside 2493

Posted by srusso1 on 3rd of Oct 2022 at 08:17 am

ES Levels is Downside 2493 number a typo ?

Yes thanks for pointing out

Posted by steve on 3rd of Oct 2022 at 08:21 am

Yes thanks for pointing out - corrected 

Posted by law6 on 3rd of Oct 2022 at 08:22 am

Thanks for the P&F chart

Posted by steve on 3rd of Oct 2022 at 08:24 am

Thanks for the P&F chart

ES 3755 strong pivot pulling

Posted by steve on 28th of Sep 2022 at 03:59 pm

ES 3755 strong pivot pulling back 

It looks like to me

Posted by pintopower on 28th of Sep 2022 at 04:06 pm

It looks like to me on the hourly chart from the beginning of September  that the SPY is doing an ending diagonal down.  If my math is correct, it has four touches so far which would indicate that perhaps one more low to about 356 or so.   If it does that then target on a breakout of the ending diagonal would be approximately 381 ish.

pintopower - the QQQs could

Posted by steve on 28th of Sep 2022 at 04:15 pm

pintopower - the QQQs could have completed wave C today of an expanded flat for Wave 4  - same with SPX - the next PULLBACK will tell the tale 

Just testing how to post

Posted by pintopower on 28th of Sep 2022 at 04:52 pm

Just testing how to post a chart from Thinkorswim.  Pink lines are ending diagonal; yellow oval would be hypothetical 5th touch and light blue lines would be the Target.  Let's see if this test works?!

This move down was not

Posted by mirhamedali on 29th of Sep 2022 at 11:15 am

This move down was not an ending diagonal. Doesn't meet the technical definition.

You passed with flying colors

Posted by steve on 28th of Sep 2022 at 05:00 pm

You passed with flying colors but not an ED - I will post my views 

3684 pivot achieved - main

Posted by steve on 28th of Sep 2022 at 10:04 am

3684 pivot achieved - main target from the pivot support 

Hi, Steve! I took SSO

Posted by makarolya on 27th of Sep 2022 at 01:09 pm

Hi, Steve! I took SSO for long trade per system signal yesterday and day before, and now wondering - is there a stop loss you recommend? Do you announce stop loss when trades goes in the red? I am still new to trading systems and trying to learn the underwater currents. Thanks

makarolya -this is covered in

Posted by matt on 27th of Sep 2022 at 01:55 pm

makarolya -this is covered in the FAQ etc, however check your email, I sent you a detailed email that should help you.

I would post my answer here but intra day we like to stay market focused - I can also post here later after the market, however check your email

They don’t do stop losses.

Posted by mdgfain on 27th of Sep 2022 at 01:22 pm

They don’t do stop losses. They have first, second, and third entires ( occasionally) and they buy twice as much at second entry, 3x on third entry. Their system is very effective if you take all of the trades, not so much if you just take the ones you want. Hope that helps. 

Go to the systems tab

Posted by steve on 27th of Sep 2022 at 01:16 pm

Go to the systems tab above and read all such information.  These are reversion to mean systems so make sure you understand completely

ES 3639 achieved 

Posted by steve on 27th of Sep 2022 at 12:29 pm

ES 3639 achieved 

ES levels updated yesterday 

Posted by steve on 26th of Sep 2022 at 08:47 am

ES levels updated yesterday 

ES nice bounce of the

Posted by steve on 23rd of Sep 2022 at 01:05 pm

ES nice bounce of the listed 3675 level 

Support levels on ES around

Posted by steve on 22nd of Sep 2022 at 11:28 am

Support levels on ES around this area and just below.    

ES Levels updated and comments

Posted by steve on 22nd of Sep 2022 at 09:18 am

ES Levels updated and comments from overnight below 

looks like ES 3923 capped

Posted by retirefire on 21st of Sep 2022 at 03:11 pm

looks like ES 3923 capped it

ES attempting to bounce out

Posted by steve on 20th of Sep 2022 at 10:47 am

ES attempting to bounce out of the support zone  3864-3855 - if able to gain some traction then 3885 first level above 

Taking some gains and trailing

Posted by steve on 20th of Sep 2022 at 11:07 am

Taking some gains and trailing stops on that bounce 

Yes trail up stops further

Posted by steve on 20th of Sep 2022 at 11:55 am

Yes trail up stops further - this has some legs 

thanks almost got stopped out

Posted by retirefire on 20th of Sep 2022 at 11:59 am

thanks almost got stopped out late to party.

ES stalled near first target

Posted by steve on 20th of Sep 2022 at 11:17 am

ES stalled near first target level posted 3885

ES first test of resistance

Posted by steve on 16th of Sep 2022 at 10:48 am

ES first test of resistance 3895 led to rejection 

Updated levels above - the

Posted by steve on 16th of Sep 2022 at 09:00 am

Updated levels above - the June-July trendline was lost late yesterday after numerous tests and this has given way to additional selling as one would expect.  

Support zone 3853-63 (watching for a reaction here) then 3842 

Getting a reaction a posted

Posted by steve on 16th of Sep 2022 at 09:20 am

Getting a reaction a posted below 3863 for a bounce - all within downtrend until a previous level is reclaimed.   As I said a few days, ago Buckle Up 

ES Pivot around 3960 -

Posted by steve on 14th of Sep 2022 at 08:51 am

ES Pivot around 3960 - very loose and thin market so take heed in position sizing (down) 

Hi Steve, the support numbers

Posted by imelhoe on 13th of Sep 2022 at 11:00 pm

Hi Steve, the support numbers don't look quite right. 

Wish trading View had the

Posted by donkeyface on 12th of Sep 2022 at 10:22 pm

Wish trading View had the red/green s&r horizontals like StockCharts

Assuming these levels are updated for the new dec22 contracts?   so much easier to just keep up with SPX cash levels.

SPX has another zone just

Posted by steve on 7th of Sep 2022 at 11:53 am

SPX has another zone just above at 3956-64 IF today's highs are reclaimed 

Bulls in control above 3920-30 

Achieved that target 

Posted by steve on 7th of Sep 2022 at 01:06 pm

Achieved that target 

Selling one SPY 11/18 386

Posted by srusso1 on 7th of Sep 2022 at 01:07 pm

Selling one SPY 11/18 386 call here

Likewise selling a 388 and

Posted by retirefire on 7th of Sep 2022 at 01:15 pm

Likewise selling a 388 and still holding some 380's 11/18 exp.

yes still holding some calls

Posted by srusso1 on 7th of Sep 2022 at 01:18 pm

yes still holding some calls see how this week ends ?

Nice bounce off support 3930

Posted by steve on 7th of Sep 2022 at 01:03 pm

Nice bounce off support 3930 on that pullback

Yes it is  

Posted by srusso1 on 7th of Sep 2022 at 01:06 pm

Yes it is  

The Bulls are the Captain

Posted by steverobin on 7th of Sep 2022 at 12:46 pm

The Bulls are the Captain now. 

Bounced off the 3896-83 zone

Posted by steve on 6th of Sep 2022 at 10:41 am

Bounced off the 3896-83 zone and now Bulls need to reclaim 3928

ES back to VWAP 

Posted by steve on 6th of Sep 2022 at 10:48 am

ES back to VWAP 

Next level for Bulls to

Posted by steve on 6th of Sep 2022 at 11:05 am

Next level for Bulls to clear is 3940 and hold 3916 Support 

Good call on 3940 resistance 

Posted by steve on 6th of Sep 2022 at 12:33 pm

Good call on 3940 resistance 

ES Support Now 3940 then

Posted by steve on 6th of Sep 2022 at 08:37 am

ES Support Now 3940 then 3922-28 

Thanks Steve, have a nice

Posted by retirefire on 6th of Sep 2022 at 09:06 am

Thanks Steve, have a nice area below now if we open green,  to monitor for  Fridays new system entry's

Nice smash down to the

ES 1/27

Posted by steve on 26th of Jan 2023 at 11:02 am

Nice smash down to the ES pivot - hope I stopped you from chasing early today and locked down some profits 

DUST daily

Posted by matt on 26th of Jan 2023 at 10:42 am

keep the job man! a

SPX 60 ED

Posted by matt on 26th of Jan 2023 at 10:26 am

keep the job man! a traders life is not for most people

also day trading is a lot of work - there are plenty of setups for working folks that are easy to manage, examples:

TSLA was a great swing down near the 100 level 50% lower. 

GDX has been a nice swing trade since Nov

DIS has been a nice trade out of that weekly wedge

CBAY -that I showed last night, one hell of a swing from that 4.20 entry, now $8

NINE was a great swing long a few months ago

when working jobs - focus on trade setups that you can possibly hold for several days or weeks at a time

Natgas numbers out soon 

Natgas down another 5.5% today

Posted by steve on 26th of Jan 2023 at 10:23 am

Natgas numbers out soon 

Natgas down another 5.5% today

Posted by matt on 26th of Jan 2023 at 10:19 am

$NATGAS - Chart Link- at this rate Nat Gas will soon get down to that next demand zone shown on the weekly chart, remember this chart doesn't update until after the close

UNG - Chart Link-

those are day trades folks

SPX 60 ED

Posted by matt on 26th of Jan 2023 at 10:18 am

those are day trades folks are doing at ES resistance/support levels - folks taking trades off those have to have their charts setup and in front of them and ready to act - there's no time for slow email alerts on something like that, especially a day trade, that was a fast move

nice job everyone all around

SPX 60 ED

Posted by matt on 26th of Jan 2023 at 09:56 am

nice job everyone all around guys!  

Caught quick 20 points on

SPX 60 ED

Posted by steve on 26th of Jan 2023 at 09:55 am

Caught quick 20 points on ES will keep other hedges in place and trade scale more volatile names like ES 

SPX 60 ED

Posted by steve on 26th of Jan 2023 at 09:51 am

getting quite extended, see RIG on the KISS chart

a 13 Demark yesterday, today you have a potential A (not confirmed yet) and very wide MA ribbons, with negative divergence on the MA ribbon 2nd derivative indicator 

Put on hedges here 

Posted by steve on 26th of Jan 2023 at 09:49 am

Put on hedges here 

FRTX, CBAY, CX comments

Posted by matt on 26th of Jan 2023 at 09:46 am

FRTX - Chart Link - I should have stuck with this one longer, it's been a good percentage move from that 2 entry

CBAY - Chart Link - the superstar  - again I should have stuck with it - my problem is taking profits too early

CX - Chart Link- nice follow through, glad I stuck with it

VIX up and divergent 

Posted by steve on 26th of Jan 2023 at 09:44 am

VIX up and divergent 

following up on some names

Posted by matt on 26th of Jan 2023 at 09:43 am

LAZ - Chart Link- if you were not stopped out, it's back in the black, price bounced off 9 EMA yesterday, you have a higher low - PUT A STOP IN

QUOT - Chart Link- after some noise, finally moving - glad I gave it room

EGHT - Chart Link- ideally needs to hold this trendline and go - EGHT not my favorite stock to trade, it's so whippy

Updated Views

Posted by steve on 26th of Jan 2023 at 09:43 am

AMBA - Chart Link

SQ - Chart Link

Take some profits 

Updated Views

Posted by steve on 26th of Jan 2023 at 09:42 am

META - Chart Link

VLO - Chart Link - NYSE screwed up chart but PROTECT 

trying to get you guys to look for objective trade setups vs being locked into a bull market or bear market market designations.  

as traders our job is to look for objective trade setups with very good risk/reward so that if we are wrong we don't lose much and our winning gains far exceed losing trades when we get stopped out, and also to look for setups that align with your trading plan and personal style (relative to the time frame you like to trade).  Focus on objective setups and entries and no so much bear/bull designations. 

yeah well we said when it was near the 100 area to expect a 40 - 50 point rally at least for a wave 4 and wave 4 can go beyond that as the low of wave 1 is 198 (wave 4 not invalidated until it overlaps the low of wave 1). If it turns into something more than a wave 4 then fine, but down there near when you had 5 completed waves of at least a wave 3, it was very low risk and an easy objective long. Now it's achieved my first major target of the 50 day MA, let's see what it does in here, but wave 4 (if it's that, could still go quite a bit higher and not invalidate)

TSLA is also an example of both bull and bear counts aligning for the same trade - under a bearish wave 4 it was calling for a big rally. Under an arun bull market call it was calling for a big rally. 

my point is - when both scenarios call for the same thing, you don't really need to be convinced of one side -  you have a super low risk trade no matter if you are super bullish or still a bit bearish.

ES 240 seeing a potential

ES 1/27

Posted by steve on 26th of Jan 2023 at 09:20 am

ES 240 seeing a potential diagonal pattern 4035 3902 4056 3960 then xxx (supply is 4070-91) 

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