Markets are fluid and subject to change as we all know - key is
to establish a methodology that fits with your beliefs. You
can also incorporate a hybrid approach with your portfolio by
position investing certain funds for longer term (accepting
volatility until EVIDENCE changes) and dedicating other funds to
short term trading. Those are decisions for each individual.
If you have yet to formalize an investing/trading approach
please take some time to formalize a template - you can always
adjust but it's best to have something in place. From there,
you should formulate a PLAN that entails your objectives.
Once a plan is in place, then you can refine down to which
specific securities you want to invest and/or trade. This is
a TOP DOWN approach that should be enacted PRIOR to looking for
trades. Just like a Football team(or any sports team) - the
General manager has a vision/approach on how he/she wants to build
a team. Then he/she hires a coach to devise a scheme around those
players to maximize their talents. Next, the coach puts
into place a weekly game plan (making necessary adjustments) before
finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a
consultant/assistant coach who helps to make your job easier
along the way. We provide daily analysis of several markets
which helps to provide some guidance as to how we see things.
We also spend a considerable amount of time providing tips
and educational examples to help execute you plan. Think of
the DVT approach for swing trades and the nightly discussion of
charts involving patterns and candlesticks, etc. We
also scan for and offer trade suggestions (ideas) that we believe
are valid setups and we take time to review the triggered setups in
the following days. Partake in only the ideas that fit into
your plan and simply ignore ones that don't. Finally, we
spend time posting relevant comments and numerous charts every day
in the trading community relating to what transpiring during that
trading session and updating trade ideas.
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.
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
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!
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.
Squeeze big time - think of all those massive short positions
waiting for the economy to soften harder and EPS estimates to
ratchet down faster. They may prove right, but they are too
early.
Posted by DigiNomad on 10th of May 2023 at 09:55 am
I'm doing just fine with shorts (90% of my account). You don't
have to short at the money to make money. Also, the twitterati
celebrating a 5.0% core CPI (Kobessi Letter, etc) and saying the
Feds plan is working need to step away from the bong and think for
a second. After today's flat core print (e.g. the one that shows no
improvement and is still 150% above 2% target), the Fed is stuck
between two choices - another raise or a pause. They might get
pressured into a pause, but they probably need a raise (or 4).
Consider this: how bad is 5% core? Well, prices will double
every 14.4 years with that rate of inflation (great for some
businesses, but probably not great for you). On the other hand, at
2%, prices double every 36 years. Not so great for the a lot
of businesses trying to show growth at all costs (even if growth is
simply a function of passing on inflated prices to consumer, as it
has been recently), but much better for the common
people.
wow I managed to buy that bottom when SPX testes the 50 SMA on
the 5 min - I got into MES via the 2 min Heiken Ashi chart - I'm
really liking those Heiken Ashi bars lately for trading MES on -
triggered off the small doji
anyway lucky buy - now we'll see what happens the rest of the
day.
on the gap up I was wondering if it would turn into a trend day
but you don't get pullbacks like that on a trend day, and now price
has retraced more than 1/2 of that decline, so we'll see what
transpires
On ES Weekly level of interest 4160 which holding above would
initially target prior highs at 4208. Below 4160 would first
target 4130. Weekly extremes 4060-4265
These are simply some Weekly levels - will fill in with daily
levels in the table above later.
also an objective long entry about an hr ago when the VIX closed
back inside its upper Bollinger Bands - nice trade on UPRO there,
again you have the tradingview chart to monitor
updated view of the 5 min VIX with UPRO - been giving amazing
intra day signals long and short- nice buy signal this
morning and nice short signals here earlier
FYI I updated that Tradingview chart from the Sticky ES levels
to the June contract. I've added the ES levels to the left chart, I
still have to add the TICK NYSE spike levels to the right chart
ES the previous level (prior three week balance low) of
4020/30 remains an important orderflow level - thus that will be a
good WEEKLY pivot to monitor with bulls in control above.
Posted by DigiNomad on 3rd of Mar 2023 at 11:56 am
You definitely get more pop with long premium trades (buying
puts or calls) but I'm not smart enough to get both the direction
and timing right on a regular basis. I like that I can be wrong on
both direction and timing and still win with short premium trades
(that's why they are MUCH higher probability trades).
Posted by DigiNomad on 3rd of Mar 2023 at 01:54 pm
SPX bear
call spread - I
almost rolled this near the HOD, but didn't get touched (yet). I
have the roll teed up (Monday expiry, 4075/4100). I widened out the
spread a bit to achieve a credit on the roll at the level I felt
comfortable selling.
SPX poked
right through the 38.2 fib (4031) and now it seems to be
supporting. Tempting to go out to Tuesday expiry and sell the 4100
strike for $500 (61.8 fib is 4093).
Posted by icecoldjones on 2nd of Mar 2023 at 02:11 pm
Matt/Steve, any way you can implement a like button on posts?
There is a lot of good posts and I just want to give a thumbs-up
sometimes but no need to reply to them all. Just a thought, no rush
at all!
Matt - Regarding the TradingView Chart, is the left side the
supply/demand levels, and the right side tick levels? Is this
chart updated daily; or, do we take the new supply/demand levels
and correct?
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 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
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.
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.
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
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!
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.
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?!
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
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.
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
it's only for the basket - the other large lists like SPX 500,
Nasdaq 100, ETF's etc makes sense to keep them the same i.e.
alphabetical order by symbol
one thing you can't do is ask it to display text and words-
it will display gibberish, it's a known issue but that will
be fixed.
It also just gets descriptions wrong too: here's one where
someone asked it to generate '60's young lady without sunglasses in
Monte Carlo'
it created the image well but all the girls have sunglasses, the
person specifically wrote without sunglasses. Again to create what
you want, it's a whole learning curve about hot do describe what
you want that the AI generator will understand - you end up going
through many varioations
Yes and no for now. I can tell you early if the conditions are
meeting, but they are not confirmed until the close so it's
possible I can tell you 5 min before the market, yeah conditions
are meeting for AAPL volatility system, then here's a sharp move
the last min of the day (last 5/10 min things can be volatile with
big gyrations) and the signal is lost. and really the actual
signals don't show up on the chart until 4:15 when the VIX and
other volatility indexes actually close, The VIX trades until 4:15,
the RVX trades until 4:15 for example, as do the others
SPY options, trade for 15 min after the cash market close, I
don't know if options for individual stocks do as well.
and like I said yesterday, make sure to go read my posts about
it, the systems all need to be converted to 1440 min charts because
right now the actual confirmation is NOT showing up until the VIX,
and VXN, and RVX and others close, and the volatility indexes close
15 min after the market - the 1440 min time with a custom time
session to force both instruments to close at the same time is
needed
Top Down Approach Discussion and how to View BPT
Posted by steve on 13th of Jun 2020 at 01:48 pm
Markets are fluid and subject to change as we all know - key is to establish a methodology that fits with your beliefs. You can also incorporate a hybrid approach with your portfolio by position investing certain funds for longer term (accepting volatility until EVIDENCE changes) and dedicating other funds to short term trading. Those are decisions for each individual. If you have yet to formalize an investing/trading approach please take some time to formalize a template - you can always adjust but it's best to have something in place. From there, you should formulate a PLAN that entails your objectives. Once a plan is in place, then you can refine down to which specific securities you want to invest and/or trade. This is a TOP DOWN approach that should be enacted PRIOR to looking for trades. Just like a Football team(or any sports team) - the General manager has a vision/approach on how he/she wants to build a team. Then he/she hires a coach to devise a scheme around those players to maximize their talents. Next, the coach puts into place a weekly game plan (making necessary adjustments) before finally selecting specific plays.
How does BPT come into this picture? Think of BPT like a consultant/assistant coach who helps to make your job easier along the way. We provide daily analysis of several markets which helps to provide some guidance as to how we see things. We also spend a considerable amount of time providing tips and educational examples to help execute you plan. Think of the DVT approach for swing trades and the nightly discussion of charts involving patterns and candlesticks, etc. We also scan for and offer trade suggestions (ideas) that we believe are valid setups and we take time to review the triggered setups in the following days. Partake in only the ideas that fit into your plan and simply ignore ones that don't. Finally, we spend time posting relevant comments and numerous charts every day in the trading community relating to what transpiring during that trading session and updating trade ideas.
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
Posted by racerick on 31st of Oct 2022 at 12:49 am
Here you go - https://www.zerohedge.com/markets/did-nikileaks-just-kill-dovish-fed-narrative-he-launched
zerohedge.com
Did NikiLeaks Just Kill The Dovish Fed Narrative He Launched | ZeroHedge
Those who think the Fed would not dare crash the market 6 days before the midterms may want to reassess.
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 6/9 Daily
Posted by steve on 5th of Sep 2022 at 10:46 am
Upside: 4300-07 4315 4325-30 4340 4360 4375 4387
Downside 4288 4280 4270 4255 4240 4222 4200 4180 4169
https://www.tradingview.com/chart/XhdK9UKW/
June Contract Prices
Big target range on ES
Posted by steve on 9th of Jun 2023 at 10:23 am
Big target range on ES here 4325-30 (locking in some gains)
ES Stalling at this big
Posted by steve on 9th of Jun 2023 at 10:42 am
ES Stalling at this big level
4315 tagged
Posted by steve on 9th of Jun 2023 at 09:45 am
4315 tagged
Continue to trail up stops
Posted by steve on 9th of Jun 2023 at 09:26 am
Continue to trail up stops on longs and remain prudent - a few names gapping today
ES support 4280 if lost
Posted by steve on 8th of Jun 2023 at 07:57 pm
ES support 4280 if lost may target 4255 holding back to 4300 and clearing may target 4325
Good levels overnight - also
Posted by steve on 9th of Jun 2023 at 08:16 am
Good levels overnight - also be mindful of equity futures rollover. On Monday will start posting September contract
ES now testing next level
Posted by steve on 8th of Jun 2023 at 11:09 am
ES now testing next level after clearing 4280.
ES 4280 has been resistance
Posted by steve on 8th of Jun 2023 at 10:09 am
ES 4280 has been resistance thus far
4304 rejected (great level) with
Posted by steve on 7th of Jun 2023 at 10:44 am
4304 rejected (great level) with today's high 4304.75
Bull trap for late chasers - now let's see how things unfold
ES moved down to initial
Posted by steve on 7th of Jun 2023 at 10:27 am
ES moved down to initial support - great levels
ES tagged first level 4304
Posted by steve on 7th of Jun 2023 at 09:42 am
ES tagged first level 4304 - watch for reaction
ES once again back at
Posted by steve on 6th of Jun 2023 at 03:12 pm
ES once again back at 4288
ES back up to initial
Posted by steve on 6th of Jun 2023 at 10:34 am
ES back up to initial resistance
ES bounced at 4268 support
Posted by steve on 6th of Jun 2023 at 10:14 am
ES bounced at 4268 support
ES 4275 some resistance then
Posted by steve on 2nd of Jun 2023 at 09:45 am
ES 4275 some resistance then 4280-85with support now 4240
ES has a falling wedge
Posted by steve on 31st of May 2023 at 09:19 am
ES has a falling wedge on 30 minute to monitor
can you post your image?
Posted by matt on 31st of May 2023 at 09:40 am
can you post your image? I sort of drew one in here on the 1hr ES.
anyway some nice short setups for quick trade this morning on the MACD KISS/Stoch setup that played out
https://www.tradingview.com/chart/5U8uDGBj/
ES support 4221 and 4205
Posted by steve on 29th of May 2023 at 09:38 pm
ES support 4221 and 4205 (tagged 4243 target during short session)
Updated ES From Yesterday Comments
Posted by steve on 30th of May 2023 at 08:42 am
ES held support overnight - consolidates in the recent range 4220-4244 with 4255-60 and 4275 overhead. For dip, support at 4220 would need to fail.
ES upon quick review (more
Posted by steve on 28th of May 2023 at 04:45 pm
ES upon quick review (more later) key topside levels 4230-4250 with 4150 (if lost) 4090-4100 below (Weekly Levels).
ES 40 point fade from
Posted by steve on 30th of May 2023 at 01:39 pm
ES 40 point fade from zone posted on Sunday
ES popped right into the
Posted by steve on 28th of May 2023 at 10:18 pm
ES popped right into the zone posted - and then faded some.
Thanks Steve. Any possibility of
Posted by mundy on 28th of May 2023 at 05:46 pm
Thanks Steve. Any possibility of NQ levels too, especially during week-end review?
ES Testing May highs and
Posted by steve on 26th of May 2023 at 03:13 pm
ES Testing May highs and pausing
ES 4190+ target achieved from
Posted by steve on 26th of May 2023 at 10:03 am
ES 4190+ target achieved from last night
After the data, ES came
Posted by steve on 26th of May 2023 at 08:47 am
After the data, ES came down to 4155 and bouncing
ES nearly 40 points directly
Posted by steve on 26th of May 2023 at 10:17 am
ES nearly 40 points directly off support
ES Resistance 4150-60 with 4135
Posted by steve on 25th of May 2023 at 08:37 am
ES Resistance 4150-60 with 4135 now support
Above 4166 4175
ES 4175 tagged
Posted by steve on 25th of May 2023 at 02:04 pm
ES 4175 tagged
ES 4166 tagged
Posted by steve on 25th of May 2023 at 08:45 am
ES 4166 tagged
Nice fade on ES off
Posted by steve on 25th of May 2023 at 09:33 am
Nice fade on ES off resistance - wild day
yep expect some wild action
Posted by matt on 25th of May 2023 at 09:35 am
yep expect some wild action
ES Support now 4142-45
Posted by steve on 10th of May 2023 at 03:30 pm
ES Support now 4142-45
ES Support now 4148
Posted by steve on 10th of May 2023 at 09:09 am
ES Support now 4148
ES 4134 was squeeze trigger
Posted by steve on 10th of May 2023 at 08:47 am
ES 4134 was squeeze trigger (reclaim support)
Target to run those equal highs around 4160s
Squeeze big time - think
Posted by te22 on 10th of May 2023 at 09:15 am
Squeeze big time - think of all those massive short positions waiting for the economy to soften harder and EPS estimates to ratchet down faster. They may prove right, but they are too early.
I'm doing just fine with
Posted by DigiNomad on 10th of May 2023 at 09:55 am
I'm doing just fine with shorts (90% of my account). You don't have to short at the money to make money. Also, the twitterati celebrating a 5.0% core CPI (Kobessi Letter, etc) and saying the Feds plan is working need to step away from the bong and think for a second. After today's flat core print (e.g. the one that shows no improvement and is still 150% above 2% target), the Fed is stuck between two choices - another raise or a pause. They might get pressured into a pause, but they probably need a raise (or 4). Consider this: how bad is 5% core? Well, prices will double every 14.4 years with that rate of inflation (great for some businesses, but probably not great for you). On the other hand, at 2%, prices double every 36 years. Not so great for the a lot of businesses trying to show growth at all costs (even if growth is simply a function of passing on inflated prices to consumer, as it has been recently), but much better for the common people.
te22 - the market gods
Posted by matt on 10th of May 2023 at 09:54 am
te22 - the market gods saw your comments below and decided to smack the market gap LOL
I caught the pullback, too
Posted by te22 on 10th of May 2023 at 10:12 am
I caught the pullback, too +$8k on long QQQ trade :)
wow I managed to buy
Posted by matt on 10th of May 2023 at 10:04 am
wow I managed to buy that bottom when SPX testes the 50 SMA on the 5 min - I got into MES via the 2 min Heiken Ashi chart - I'm really liking those Heiken Ashi bars lately for trading MES on - triggered off the small doji
anyway lucky buy - now we'll see what happens the rest of the day.
on the gap up I was wondering if it would turn into a trend day but you don't get pullbacks like that on a trend day, and now price has retraced more than 1/2 of that decline, so we'll see what transpires
another nice trigger off the
Posted by matt on 10th of May 2023 at 11:34 am
another nice trigger off the lows off that heiken ashi bar
ES 4129-33 was the initial
Posted by steve on 9th of May 2023 at 12:12 pm
ES 4129-33 was the initial support zone with the low 4131 thus far - basing here all morning. Other levels above in sticky post.
ES bounce stalled with first
Posted by steve on 9th of May 2023 at 10:08 am
ES bounce stalled with first resistance zone thus far
ES came down into support
Posted by steve on 28th of Apr 2023 at 01:40 pm
ES came down into support zone around 4130 which held and worked higher
ES some resistance around 4110
Posted by steve on 26th of Apr 2023 at 12:11 pm
ES some resistance around 4110 then 4120ish
Darn nice reaction from that
Posted by steve on 26th of Apr 2023 at 01:51 pm
Darn nice reaction from that resistance especially with demand much lower
ES 4160 A ROCK -
Posted by steve on 21st of Apr 2023 at 10:45 am
ES 4160 A ROCK - beauty fade again
yep! that was a gift,
Posted by matt on 21st of Apr 2023 at 10:46 am
yep! that was a gift, initially sold down to a support, then rallied back to that resistance for a nice short again
4160 ES stalled
Posted by steve on 21st of Apr 2023 at 09:51 am
4160 ES stalled
ES bounced near pivot/demand zone
Posted by steve on 21st of Apr 2023 at 09:25 am
ES bounced near pivot/demand zone 4138
SPX Support 4120-25 (attempting to
Posted by steve on 20th of Apr 2023 at 08:29 am
SPX Support 4120-25 (attempting to bounce) and then 4110
Support from earlier on SPX
Posted by steve on 20th of Apr 2023 at 03:12 pm
Support from earlier on SPX being tested once again - weakening
ES bouncing some from 4146
Posted by steve on 20th of Apr 2023 at 07:16 am
ES bouncing some from 4146
On ES Weekly level of
Posted by steve on 16th of Apr 2023 at 02:01 pm
On ES Weekly level of interest 4160 which holding above would initially target prior highs at 4208. Below 4160 would first target 4130. Weekly extremes 4060-4265
These are simply some Weekly levels - will fill in with daily levels in the table above later.
ES bottomed with that negative
Posted by steve on 12th of Apr 2023 at 12:02 pm
ES bottomed with that negative 1000+ tick earlier
also an objective long entry
Posted by matt on 12th of Apr 2023 at 12:06 pm
also an objective long entry about an hr ago when the VIX closed back inside its upper Bollinger Bands - nice trade on UPRO there, again you have the tradingview chart to monitor
https://www.tradingview.com/chart/xLXU7jiz/
updated view of the 5
Posted by matt on 12th of Apr 2023 at 02:42 pm
updated view of the 5 min VIX with UPRO - been giving amazing intra day signals long and short- nice buy signal this morning and nice short signals here earlier
ES Daily Supply Zone 4177.75-4220.50
Posted by steve on 12th of Apr 2023 at 09:01 am
ES Daily Supply Zone 4177.75-4220.50
ES 4170-80 Range Resistance of
Posted by steve on 12th of Apr 2023 at 08:40 am
ES 4170-80 Range Resistance of Note
ES Supply
Posted by steve on 12th of Apr 2023 at 11:46 am
Nearly 60 points off that zone
largest intra day bounce on
Posted by matt on 12th of Apr 2023 at 11:53 am
largest intra day bounce on SPX cash, intra day sym break
Decent fade for a trade
Posted by steve on 12th of Apr 2023 at 08:47 am
Decent fade for a trade off that zone
So /ES is putting its
Posted by junkie on 12th of Apr 2023 at 08:52 am
So /ES is putting its 5th wave and a divergent high now, exceeding its prior week's high of 4171.
ES/SPX bounce stalled near 50%
Posted by steve on 10th of Apr 2023 at 12:04 pm
ES/SPX bounce stalled near 50% retrace and 4118 pivot
Stall is a nice way
Posted by DigiNomad on 10th of Apr 2023 at 12:06 pm
Stall is a nice way of putting it. That escalated quickly!
The bounce stalled and took
Posted by steve on 10th of Apr 2023 at 12:08 pm
The bounce stalled and took the shoot down - I mentioned a possible wave 4-5 earlier and thus wanted to see the reaction at resistance. Good levels
Mr. Market is off its'
Posted by DigiNomad on 10th of Apr 2023 at 12:42 pm
Mr. Market is off its' medication - batshit crazy action.
Exactly! I want it to
Posted by icecoldjones on 10th of Apr 2023 at 01:00 pm
Exactly! I want it to keep tanking!
ES 4100 area and SPX
Posted by steve on 10th of Apr 2023 at 12:36 pm
ES 4100 area and SPX 4075 remain supported
ES Supply Zone 4169.75-4181.50
Posted by steve on 4th of Apr 2023 at 08:45 am
ES Supply Zone 4169.75-4181.50
I gotta start waking up
Posted by donkeyface on 4th of Apr 2023 at 09:03 am
I gotta start waking up earlier than 5am
ES Initial Support 4120-26
Posted by steve on 3rd of Apr 2023 at 08:50 am
ES Initial Support 4120-26
ES Support 4060 (prior high
Posted by steve on 30th of Mar 2023 at 01:53 pm
ES Support 4060 (prior high and 30 minute trend support)
Nearly 20 ES points off
Posted by steve on 30th of Mar 2023 at 03:41 pm
Nearly 20 ES points off support
Nice bounce off support
Posted by steve on 30th of Mar 2023 at 02:34 pm
Nice bounce off support
yep that was also a
Posted by matt on 30th of Mar 2023 at 03:53 pm
yep that was also a big support area from those past TICK spikes
4080 is likely a target
Posted by junkie on 30th of Mar 2023 at 02:58 pm
4080 is likely a target for the close today.
Posted that earlier...that would be
Posted by fredsaid on 30th of Mar 2023 at 03:03 pm
Posted that earlier...that would be a beauty eh.
ES 4038-48 range watching
Posted by steve on 27th of Mar 2023 at 09:52 am
ES 4038-48 range watching
With the action overnight ES
Posted by steve on 27th of Mar 2023 at 08:45 am
With the action overnight ES Support now 4020 and 4000
ES support 3935 bouncing -
Posted by steve on 24th of Mar 2023 at 08:57 am
ES support 3935 bouncing - reclaim 3950 is first level then 3965 then 3980
Accomplished
Posted by steve on 24th of Mar 2023 at 12:56 pm
Accomplished
ES 4038-50 next zone already
Posted by steve on 23rd of Mar 2023 at 10:53 am
ES 4038-50 next zone already tagged 2 targets so protect gains
ES Fresh Supply Above 4078-4120
Posted by steve on 22nd of Mar 2023 at 09:04 am
ES Fresh Supply Above 4078-4120
4040 pivot hit with support
Posted by steve on 21st of Mar 2023 at 03:53 pm
4040 pivot hit with support now at 4022 on ES
ES Daily failed at declining
Posted by steve on 15th of Mar 2023 at 09:03 am
ES Daily failed at declining 9 day EMA overnight and reversed hard after Europe session.
ES has some positive divergence on small time frames - NQ still showing relative strength still well above 3/12 low.
ES coming into next target
Posted by steve on 14th of Mar 2023 at 11:19 am
ES coming into next target range 3970-80
ES 3950 then 3970-80 overhead
Posted by steve on 14th of Mar 2023 at 09:48 am
ES 3950 then 3970-80 overhead - nice bounce
ES
Posted by steve on 14th of Mar 2023 at 01:11 pm
+30 from Supply Zone
FYI I updated that Tradingview
Posted by matt on 12th of Mar 2023 at 06:50 pm
FYI I updated that Tradingview chart from the Sticky ES levels to the June contract. I've added the ES levels to the left chart, I still have to add the TICK NYSE spike levels to the right chart
June Contract is approximately 35
Posted by steve on 12th of Mar 2023 at 06:07 pm
June Contract is approximately 35 points higher than March
yeah that's crazy, I saw
Posted by matt on 12th of Mar 2023 at 06:21 pm
yeah that's crazy, I saw the same thing
MES Mar 3912
MES June 3945
Any idea why the discrepancy
Posted by focus175 on 13th of Mar 2023 at 09:18 am
Any idea why the discrepancy still in the Mar and June contracts not tracking each other? Still seeing a .10% difference.
Currently an up opening projected
Posted by steve on 12th of Mar 2023 at 05:59 pm
Currently an up opening projected
man I got lucky, I
Posted by matt on 12th of Mar 2023 at 06:20 pm
man I got lucky, I did small size with MES contacts but ES was pretty flat on open, took a shot long on a few contracts then BOOM
ES 3847 bounce
Posted by steve on 10th of Mar 2023 at 02:06 pm
ES 3847 bounce
had a perfect Demark 9
Posted by matt on 10th of Mar 2023 at 02:11 pm
had a perfect Demark 9 as well on the ES levels chart at that doji
again you guys have access to that chart from Tradingview from the Sticky
ES found resistance near the
Posted by steve on 10th of Mar 2023 at 11:46 am
ES found resistance near the 3935 pivot and reversed
again...you can watch the ES
Posted by matt on 10th of Mar 2023 at 11:49 am
again...you can watch the ES levels in real time from the Trading View charts
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
ES/SPX were in demand zones
Posted by steve on 10th of Mar 2023 at 08:36 am
ES/SPX were in demand zones and bounced near highlighted support last night
ES failed to reclaim 4000
Posted by steve on 8th of Mar 2023 at 10:02 am
ES failed to reclaim 4000 level and faded
Some positive divergence after recent
Posted by steve on 8th of Mar 2023 at 10:05 am
Some positive divergence after recent low
Watching ES 4065 as initial
Posted by steve on 7th of Mar 2023 at 05:47 am
Watching ES 4065 as initial level on bounce attempt
ES
Posted by steve on 7th of Mar 2023 at 09:10 am
Overnight high 4064.50
ES the previous level (prior
Posted by steve on 5th of Mar 2023 at 12:50 pm
ES the previous level (prior three week balance low) of 4020/30 remains an important orderflow level - thus that will be a good WEEKLY pivot to monitor with bulls in control above.
ES reached the next zone
Posted by steve on 3rd of Mar 2023 at 11:42 am
ES reached the next zone 4020-25
You looking at some 0DTE
Posted by mugsy on 3rd of Mar 2023 at 11:46 am
You looking at some 0DTE puts in this zone?
Mugsy - I'm waiting for
Posted by DigiNomad on 3rd of Mar 2023 at 11:52 am
Mugsy - I'm waiting for a trigger to scalp some premium selling ODTE calls. Higher probability trade.
I prefer to do it
Posted by mugsy on 3rd of Mar 2023 at 11:54 am
I prefer to do it your way as well. Steve seems to buy 0DTE
You definitely get more pop
Posted by DigiNomad on 3rd of Mar 2023 at 11:56 am
You definitely get more pop with long premium trades (buying puts or calls) but I'm not smart enough to get both the direction and timing right on a regular basis. I like that I can be wrong on both direction and timing and still win with short premium trades (that's why they are MUCH higher probability trades).
Agreed. That\s why I was
Posted by mugsy on 3rd of Mar 2023 at 12:02 pm
Agreed. That\s why I was hoping for some input from the master
SPX bear call spread -
Posted by DigiNomad on 3rd of Mar 2023 at 12:10 pm
SPX bear call spread - I just pulled the trigger and sold a handful of 4045 / 4060 0DTE calls.
Posting my trade - so now I'll probably get challenged....which is fine. I'm in small with room to defend (roll).
SPX bear call spread - I almost
Posted by DigiNomad on 3rd of Mar 2023 at 01:54 pm
SPX bear call spread - I almost rolled this near the HOD, but didn't get touched (yet). I have the roll teed up (Monday expiry, 4075/4100). I widened out the spread a bit to achieve a credit on the roll at the level I felt comfortable selling.
SPX poked right through the 38.2 fib (4031) and now it seems to be supporting. Tempting to go out to Tuesday expiry and sell the 4100 strike for $500 (61.8 fib is 4093).
SPX Bear Call Spread -
Posted by DigiNomad on 3rd of Mar 2023 at 03:16 pm
SPX Bear Call Spread - 4045 got touched so I rolled to next Tuesday expiry, 4110 short strike (~16 delta when I rolled).
ES bounced near initial support
Posted by steve on 3rd of Mar 2023 at 07:56 am
ES bounced near initial support and moved up near first resistance overnight
Today was a look below
Posted by steve on 2nd of Mar 2023 at 04:06 pm
Today was a look below 3950 and then remount after getting back above - pivot power
ES 3995 achieved
Posted by steve on 2nd of Mar 2023 at 03:50 pm
ES 3995 achieved
Yeah came close to that
Posted by buddha on 2nd of Mar 2023 at 03:54 pm
Yeah came close to that 60 min downtrendline. Took some there.
ES 3975 achieved
Posted by steve on 2nd of Mar 2023 at 02:09 pm
ES 3975 achieved
Matt/Steve, any way you can
Posted by icecoldjones on 2nd of Mar 2023 at 02:11 pm
Matt/Steve, any way you can implement a like button on posts? There is a lot of good posts and I just want to give a thumbs-up sometimes but no need to reply to them all. Just a thought, no rush at all!
BPT_Facebook , seriously! No vote
Posted by mmellow on 2nd of Mar 2023 at 02:20 pm
BPT_Facebook , seriously! No vote here.
Posted by simple_million on 2nd of Mar 2023 at 02:16 pm
ES moved up towards 3950/55
Posted by steve on 2nd of Mar 2023 at 10:09 am
ES moved up towards 3950/55 pivot - needs to reclaim to squeeze higher
ES Pivot 3975 was tested
Posted by steve on 2nd of Mar 2023 at 08:55 am
ES Pivot 3975 was tested after hours and failed - down 40+ points since
ES 3950 Overnight Support Turned
Posted by steve on 2nd of Mar 2023 at 08:31 am
ES 3950 Overnight Support Turned Resistance
remember you can watch the
Posted by matt on 1st of Mar 2023 at 10:19 am
remember you can watch the ES levels from the Trading View chart
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
Matt - Regarding the TradingView
Posted by Ray on 1st of Mar 2023 at 10:27 am
Matt - Regarding the TradingView Chart, is the left side the supply/demand levels, and the right side tick levels? Is this chart updated daily; or, do we take the new supply/demand levels and correct?
Overnight, ES bounced from the
Posted by steve on 1st of Mar 2023 at 07:31 am
Overnight, ES bounced from the initial support posted and moved up to the first resistance level as US Dollar moved lower.
ES retraced 50% overnight of
Posted by steve on 1st of Mar 2023 at 08:49 am
ES retraced 50% overnight of yesterday's high into first resistance area where sellers appeared
ES 3990/95 now intraday resistance
Posted by steve on 24th of Feb 2023 at 09:07 am
ES 3990/95 now intraday resistance prior to that 3970/75 some resistance
In the Globex Session Overnight
Posted by steve on 22nd of Feb 2023 at 08:39 am
In the Globex Session Overnight ES held below 4015 and moved down to the initial target at 3995 from where it has bounced (SPX/ES demand zone)
ES Supply zone 4047-4065
ES bounced up to first
Posted by steve on 17th of Feb 2023 at 10:40 am
ES bounced up to first resistance levels and stalled thus far
ES bounced off initial support
Posted by steve on 17th of Feb 2023 at 10:15 am
ES bounced off initial support zone 4055/60
IWM and Dow are already
Posted by lamb on 17th of Feb 2023 at 10:34 am
IWM and Dow are already green
Overnight low 4063 ES needs to
Posted by steve on 17th of Feb 2023 at 09:00 am
Overnight low 4063
ES needs to reclaim 4080 for starter's to get a relief bounce with 4090 4105 above. Overnight low fails then 4047 4030
TY
Posted by fredsaid on 17th of Feb 2023 at 09:00 am
TY
ES support 4144 4130
Posted by steve on 16th of Feb 2023 at 08:27 am
ES support 4144 4130
Quick flush once support lost
Posted by steve on 16th of Feb 2023 at 08:51 am
Quick flush once support lost - very hot PPI
we had an air pocket
Posted by matt on 16th of Feb 2023 at 09:35 am
we had an air pocket on the TICK levels, fell right through that to a cluster of them from Decembertick
maybe that DVDS short, that
Posted by matt on 16th of Feb 2023 at 09:37 am
maybe that DVDS short, that never closed is still fighting to get out okay LOL
ES range bound action thus
Posted by steve on 15th of Feb 2023 at 03:03 pm
ES range bound action thus far today 4115-4160 zone to monitor - bulls want to remain above today's low
ES Supply Zone 4085-4100
Posted by steve on 10th of Feb 2023 at 10:02 am
ES Supply Zone 4085-4100
Okay - nice move down
Posted by steve on 10th of Feb 2023 at 10:56 am
Okay - nice move down off Supply but for more downside bears need to break 4070 so lower stops if trading short
ES initial support now 4153
Posted by steve on 9th of Feb 2023 at 08:27 am
ES initial support now 4153 and 4144-40
ES resistance around 4170
Posted by steve on 7th of Feb 2023 at 12:55 pm
ES resistance around 4170
ES reaction off resistance as
Posted by steve on 7th of Feb 2023 at 01:15 pm
ES reaction off resistance as expected - wait all day and then nice 2-way trade
BOOM - nice moves
Posted by steve on 7th of Feb 2023 at 01:16 pm
BOOM - nice moves
yep nice pullback off that
Posted by matt on 7th of Feb 2023 at 01:16 pm
yep nice pullback off that resistance you posted
Bravo
Posted by watcdy on 7th of Feb 2023 at 01:17 pm
Bravo
ES just reached 4209 -
Posted by steve on 2nd of Feb 2023 at 02:04 pm
ES just reached 4209 - not much to do except trail stops on swings and take selective profits in accordance with your plan
Youser bought more puts up
Posted by retirefire on 2nd of Feb 2023 at 02:17 pm
Youser bought more puts up there.
ES 4195 is a pretty
Posted by steve on 2nd of Feb 2023 at 11:16 am
ES 4195 is a pretty solid level fwiw (likely to chop around for awhile in this area)
ES 4195 achieved - again
Posted by steve on 2nd of Feb 2023 at 10:55 am
ES 4195 achieved - again PROTECT gains. Bulls remain in control short term support 4160
ES has held support and
Posted by steve on 2nd of Feb 2023 at 01:59 pm
ES has held support and moved higher after consolidating around 4195 zone for a few hours
Respect the trend - the reaction post Fed set the tone (ripping out of that triangle).
Thanks for calling that out
Posted by srusso1 on 2nd of Feb 2023 at 10:59 am
Thanks for calling that out and hope Matt gets well soon
ES approaching 4075
Posted by steve on 31st of Jan 2023 at 03:07 pm
ES approaching 4075
Nice reaction for a trade
Posted by steve on 31st of Jan 2023 at 03:12 pm
Nice reaction for a trade
ES 4032 achieved
Posted by steve on 30th of Jan 2023 at 03:31 pm
ES 4032 achieved
As posted yesterday will be
Posted by steve on 29th of Jan 2023 at 01:35 pm
As posted yesterday will be watching ES 4070 as Weekly Pivot
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
https://www.tradingview.com/chart/XhdK9UKW/
Posted by matt on 6th of Jan 2023 at 10:14 am
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
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
ES levels sticky updated and
Posted by matt on 18th of Dec 2022 at 06:19 pm
ES levels sticky updated and Trading View chart
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
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 levels on chart https://www.tradingview.com/chart/XhdK9UKW/
Posted by matt on 14th of Nov 2022 at 09:09 am
ES levels on chart
https://www.tradingview.com/chart/XhdK9UKW/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
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/
tradingview.com
Live stock, index, futures, Forex and Bitcoin charts on TradingView
Interactive financial charts for analysis and generating trading ideas on TradingView!
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
VIX 60 min
Posted by matt on 6th of Jun 2023 at 10:14 pm
$VIX - Chart Link there is MACD divergence here and 5 potential waves
it's only for the basket
STS tables
Posted by matt on 6th of Jun 2023 at 07:45 pm
it's only for the basket - the other large lists like SPX 500, Nasdaq 100, ETF's etc makes sense to keep them the same i.e. alphabetical order by symbol
Tuesday Newsletter
Posted by steve on 6th of Jun 2023 at 07:36 pm
Tuesday Newsletter
STS tables
Posted by matt on 6th of Jun 2023 at 07:27 pm
the STS table for the BPT basket is not default sorted to show new STS stops at the top and current long, while Flat positions are at the bottom
https://breakpointtrades.com/ts/sts.php?chart_group=BPT_basket
yes would be another signal
VIX back below its lower BB near 14
Posted by matt on 6th of Jun 2023 at 07:23 pm
yes would be another signal
SYM coiling
Posted by matt on 6th of Jun 2023 at 07:19 pm
SYM - Chart Link-
BTW on IPI look a
MOS Daily
Posted by matt on 6th of Jun 2023 at 04:59 pm
BTW on IPI look a few days back, besides the MACD Div you had a textbook MACD KISS/Stochastic oversold setup there
here: I asked it to
New STS on Google from the Magic 8-ball stocks
Posted by matt on 6th of Jun 2023 at 04:53 pm
here: I asked it to create Elon Musk trading stocks
Luv the look
New STS on Google from the Magic 8-ball stocks
Posted by steve on 6th of Jun 2023 at 04:35 pm
Luv the look
one thing you can't do
New STS on Google from the Magic 8-ball stocks
Posted by matt on 6th of Jun 2023 at 04:34 pm
one thing you can't do is ask it to display text and words- it will display gibberish, it's a known issue but that will be fixed.
It also just gets descriptions wrong too: here's one where someone asked it to generate '60's young lady without sunglasses in Monte Carlo'
it created the image well but all the girls have sunglasses, the person specifically wrote without sunglasses. Again to create what you want, it's a whole learning curve about hot do describe what you want that the AI generator will understand - you end up going through many varioations
I asked AI to make
New STS on Google from the Magic 8-ball stocks
Posted by matt on 6th of Jun 2023 at 04:26 pm
I asked AI to make an image trying to show all the systems ideas coming out of my head LOL here's what it spit out.
the STS tables are updated.
New STS on Google from the Magic 8-ball stocks
Posted by matt on 6th of Jun 2023 at 04:14 pm
the STS tables are updated. Also a new STS on TSLA and IWM
https://breakpointtrades.com/ts/sts.php?chart_group=BPT_basket
The following options trade until
Matt, for those who trade options, will the volatility system ...
Posted by matt on 6th of Jun 2023 at 04:04 pm
The following options trade until 4:15 pm EST :
AMJ, DBA, DBB, DBC, DBO, DIA, DJX, EEM, EFA, GLD, GAZ, IWM, IWN, IWO, IWV, JJC, KBE, KRE, MDY, MOO, MRUT, NDX, NDXP, OEF, OEX, OIL, QQQ, RUT, RUTW, SLX, SPX, SPXW, SPY, SVIX, SVXY, UNG, UUP, UVIX, UVXY, VIX, VIXW, VIXM, VIXY, VXX, VXZ, XEO, XHB, XLB, XLC, XLE, XLF, XLI, XLK, XLP, XLRE, XLU, XLV, XLY, XME, XRT, XSP.
New STS on Google from the Magic 8-ball stocks
Posted by matt on 6th of Jun 2023 at 04:04 pm
moved up to 118.9
TLT follow up
Posted by matt on 6th of Jun 2023 at 03:54 pm
TLT - Chart Link- nice move up off that 61.8% Fib, remember I favored a higher low
VIX back below its lower
Posted by steve on 6th of Jun 2023 at 03:53 pm
VIX back below its lower BB near 14
Yes and no for now.
Matt, for those who trade options, will the volatility system ...
Posted by matt on 6th of Jun 2023 at 03:51 pm
Yes and no for now. I can tell you early if the conditions are meeting, but they are not confirmed until the close so it's possible I can tell you 5 min before the market, yeah conditions are meeting for AAPL volatility system, then here's a sharp move the last min of the day (last 5/10 min things can be volatile with big gyrations) and the signal is lost. and really the actual signals don't show up on the chart until 4:15 when the VIX and other volatility indexes actually close, The VIX trades until 4:15, the RVX trades until 4:15 for example, as do the others
SPY options, trade for 15 min after the cash market close, I don't know if options for individual stocks do as well.
and like I said yesterday, make sure to go read my posts about it, the systems all need to be converted to 1440 min charts because right now the actual confirmation is NOT showing up until the VIX, and VXN, and RVX and others close, and the volatility indexes close 15 min after the market - the 1440 min time with a custom time session to force both instruments to close at the same time is needed
QQQ 15 Coiled - daily
Posted by steve on 6th of Jun 2023 at 03:47 pm
QQQ 15 Coiled - daily Demand for QQQ is low350s to 347s fwiw
Greg - several options including
SPX 5 View
Posted by steve on 6th of Jun 2023 at 03:44 pm
Greg - several options including a triangle but need to see a range break (not going to get bogged down on short term counts too much)
AI, BBAI
Posted by matt on 6th of Jun 2023 at 03:40 pm
AI - Chart Link on AI it's bounced the last couple of days, but that last pullback broke symmetry so it may form a higher low or a coil
BBAI - Chart Link anther AI type of stock, at 200 day MA, perhaps lower risk area to try a long with a tight stop