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.
SPX traded in a narrow range for about 2 weeks before an
impulsive sell lower on Tuesday - from contraction comes expansion.
As pointed out on Thursday, the market structure remained
bearish following Tuesday's BOS (Break of Structure).
Bears in Control until ES 5475/82 reclaims. ES has now
retraced approximately 50% of the previous advance. Demand
zone 5394-5319 shown below along with certain Fibs
This count becomes less probable on a break of 5300 (one
other option would be price carving out a triangle if it remains in
a range). Onus on the bulls short term.
ES decent bounce overnight after initial test of demand zone
after hours on Friday (5397-5320) - moved up into broad supply zone
(5560-5670 with key zone 5572-90)
On the smaller time frames, ES broke above previous high (5430s)
creating a BOS (break of structure) as did NQ so that is
constructive against Friday lows on any pullbacks
A weak market would hold below the support area, now
resistance, at
5435 to
5445, while failure to do so could trigger a false
breakdown. The outlier risk to the downside is the unfilled gap at
5385.25.
Quick pop after ES recovered 5400 - trail up if playing (scale
and trail as this is wild) 5414 resistance (previous support
posted) then 5438 and big at 5450
Posted by DigiNomad on 1st of Aug 2024 at 07:40 pm
Bears better watch out for QE. It's not if, it's just when at
this point. We could already be in it (some signs) but the next
step would be to admit it so they get a bump more quickly from the
accelerating debasement of the currency. Either way, assets can't
stay down that long when they really kick the debasement way way
past emergency mode. We've already been in emergency mode since
2020. I don't know what you call levels above emergency stimulus
mode, but that's where we're heading.
*note that one part of the QE strategy is to reduce yield on
bonds not just to stimulate borrowing...because they want to force
people out of bonds and farther into the risky equities side of the
risk curve. It's very possible this move down in yields is
being assisted by QE. They get the cuts that way without actually
cutting (the overnight rate they control is almost meaningless in
terms of real business).
ES came down into support zone - sloppy action into quarter end.
They ran those equal highs and reached big zone on ES
5577/82 and profit taking took hold.
Posted by DigiNomad on 28th of Jun 2024 at 11:42 am
April 1st of the current quarter (ending today) was the start of
a rough patch. Money managers are forced to close their eyes and
chase if they're behind (if they want to stay employed) so if it's
been a bullish quarter you can expect some chasing into the close.
The thing is that many don't want to be in the high flyers at
current valuations, so they run away as soon as the market opens in
the new quarter to wait for better prices. Cycle begins again and
squeezes into quarter end. Rinse, repeat.
*The word on the street with the people that follow the
seasonal charts closely is that it doesn't get more bullish than
the 1st two weeks of July. Most seem to think we will get seasonal
election year weakness, but not until the second half of July,
maybe even August. We'll see. I'm not a huge fan of seasonals
myself. Is it deficit spend at 7% of GDP season? Yes? Game
on.
Posted by DigiNomad on 20th of Jun 2024 at 01:08 pm
When I asked ChatGPT how much NVDA's market cap increased today
a couple hours ago, not only did it say 277 billion....it went on a
freaking sell side rant about why the increase was appropriate. I
had to hit the "interrupt" button to stop the sales pitch.
Our newAI overlord is on the NVDA bull train (shocker?)....so
this could be a rare buy opportunity.
Short term - ES (September) possible smaller degree wave iv but
bulls must move from here as this is invalidated below 5450 and
losing morning lows would be a warning. New supply zone
formed overnight 5497-5510
Tricky here and one reason we haven't added much to watchlist -
remain nimble
Posted by DigiNomad on 14th of Jun 2024 at 02:26 pm
Seemed to be a reaction off of session VWAP. Might checkback
here, form a higher low and do the standard push into the close.
What's the saying? Something like: Joe's trade the open but pros
trade the close. The pros know Janet has no leash right now and is
trying to buy an election. Good luck getting in front of Fed
contract after contract after contract to NVDA, GOOG and the rest
of the bunch.
*checkback was complete by the time I wrote 4 sentences
TradingView ES - remember earlier I said if we lost that support
around 5305 there was an air pocket to the next support zone range,
that's one reason price dumped hard was losing that support,
tagging the upper part of that next support zone here at the
lows
Posted by abcdzhirt123 on 22nd of Apr 2024 at 02:35 pm
Thanks Steve, I was just thinking where the target should be.
What is your experience on how far back we should set stops
and trail? I want to protect from a shart decline but also
don't want to lose much of what's been gained. Thanks
for all your guidance and mentorship, you have a great gift for
this.
You should devise and follow your plan depending upon one's risk
tolerance. One thing to consider, is to lock in some gains
to protect and offset the emotional swings - when you have some
gains locked down, it allows for more freedom on the balance.
But again that's YOUR choice.
ES appears like 5 waves down off the 5333 high (currently
testing initial zone 5275-63 and if lost next down5257 then
5248-33) so we have to on the lookout for bounce from such
zones
and remember Quad Witch tomorrow when you have events like that,
the market typically doesn't trend in one direction but will chop
around and fake you out
Approximately 70 points lower for SPX currently - will adjust
down daily slightly - you should have access to SPX Futures Quotes
As aTrader to Track Overnight Action
Posted by DigiNomad on 8th of Mar 2024 at 10:31 am
SPX - 5300 by next Wednesday? That might be too pessimistic...
I didn't watch the SOTU last night, but I'm guessing that if
you listened carefully there were a lot of promises made that would
require large increases in Federal deficit spending probably while
saying out of the other side of mouth that deficit would be reduced
by "paying fair share" or some nonsense like that. Anyway, it
was hard to imagine a down market today no matter what the jobs
number was with people coming in with dreams of manic Gov spending
dancing in their heads.
Cleared initial hurdles keeping the bounce/rally intact. ES
5120/25 next zone generally speaking...still open to possibility of
retest or new highs as discussed last night. Tricky here so for me,
level to level with the QQQ structure one such factor.
Yesterday after the close, ES retraced into resistance posted
(4992/5000) and retraced down to initial target zone 4970
(overnight low 4972.50) where dip buyers were willing to purchase.
Now they need to build higher to sustain.
Plenty of news on the docket for today with NVDA the big driver
after the close.
ES has moved up as expected (see yesterday's comments) and has
achieved the first zone by reaching 4590 with the next zone just
above 4600 as the main target mentioned yesterday.
ES came down to initial support zone and popped 18 points - so
thin and fast and best to lock down immediately for you scalpers.
Very difficult to play unless plan in place and dead focused
which is difficult for me trying to post here. I'm going to
refrain from squiggles and wait for some structure to align but you
can see the validity of key zones.
By the way, the same comments apply to many stocks like TSLA -
just look at those 5 minute candles - who can trade that
shit? No reason to force trades.
yep exactly. If you have a scalp system where you have defined
strategy fine that is structured then great go for it. For swings,
gotta be very picky - the one new long I put out on Wednesday DGX
was a great trade - but I only added 1 idea, kept it very
simple
This is not an easy market so PROTECT and LOCK DOWN gains - no
reason to be greedy with entire position - can keep a runner but
always protect with trailing stops
Posted by DigiNomad on 18th of Oct 2023 at 03:12 pm
I have access through at least 3 or 4 platforms I use, but I
don't track it any more because I try to keep my screen de
cluttered / focused and it's not a product I trade. I should
probably at least add it to a watchlist again so I can refer to
your levels.
Steve, education question for you and Matt. So far they have
come up short filling the gap on the SPX at 4400ish, but if and
when they do fill it and perhaps run it higher, is this what you
refer to as creating liquidity? Trying to learn here!
Thx,
They ran the equal highs on the SPX earlier (that's what I
see creating liquidity and soon after your get a pullback).
The break takes out stops and gets some traders to chase setting
the trap and then reverse. Down 20+ points since
Now 30+ points for that Bull trap (divergent high). It's
a hit and run market of late - for swings have to ride through the
chop add weakness with stops
Yes - ES up 25+ points from support so trail up - just because
it moves into supply is not a reason to short without a valid
trigger (it's just a zone that bulls need to overcome)
ES resistance now 4420/22 (will need to reclaim and build or be
weary of failed move today). Was a nice sale early today as
posted pre-market. Wave 4s are not easy to trade.
I was on watch for a failed move as posted earlier - notice the
false break on the SPX 4385.85 vs 4385.46 (they trap the late
buyers providing liquidity)
See my comments from earlier on the false break AND resistance
levels (click next to the arrow for the stream)
ES reached next target zone overnight (made a higher high and
now we have 5 higher subwaves for larger wave 3 in toe so on watch
for a wave 4 pullback under the view posted yesterday). Let's
see what CPI has in store
Steve despite the higher than expected CPI and the 20 point
sell-off in ES immediately thereafter which has already started to
recover, it feels like they want to push SPX to close the gap up at
4400ish in the regular session. Are you going to be on the lookout
for some kind of reversal when if and we get up to that level?
Just getting my blood work done - see that ES moved 70 points
off that support level (that was the low on the initial pullback).
Big time squeeze - well done fellas
Steve, the demand zone you showed in the newsletter for the Qs
is much much lower than their current price which means that if
they were to get down there, NQ would probably have to get far
below the current demand zone you list above15375-15340. How do we
reconcile that?
Answer: The QQQ shows Daily Demand zone - I'm simply
trading intraday zones but more credence on the Daily for
sure
What I post here is updated based upon recent price action -
focus on such levels for intraday. I replied directly to your
post - added below your question that Daily is more important but
simply playing intraday for trade. Note the 30 minute QQQ
chart as well from weekend.
One reason was the gamma squeeze due to 0DTE put buyers (market
makers hedge by shorting stocks). Saw the opposite on the
buy side several times back in June/July. But this action
helps explain why we don't seem to get immediate follow thru
selling on such candles. Now with that said, JP on deck.
Steve have you considered adding NQ, I know you did give some
levels a week ago. Next question:- Have you ever looked at the
weekly levels? Could they be useful for the longer term trader.
I only have so much time to review these things so I will
attempt to post when I have time to review. ES will remain
the focus along with the SPX and QQQ
Posted by DigiNomad on 4th of Aug 2023 at 02:25 pm
Steve, why is ES your primary reference? I assume you trade
futures? Do a lot of other people on here also trade ES? Just
wondering because it's confusing for me as a SPX and SPY trader
(those are much closer to each other in nominal terms).
ES next potential target area 4555/64 if wants higher...nice
bounce from support (4515/20) so trim and trail. Some
resistance right around here to clear (4545)
ES into that zone I posted after the pullback (40 points on the
lift)..
now protect profits. This has been a
fantastic trading day on ES with those levels
Posted by 2schnauzers on 27th of Jul 2023 at 09:30 am
Can you please add futures to the KISS tables?
I trade primarily futures /ES /NQ /CL etc. it would be great if
you could add these along with the interest rate and foreign
currency and agricultural. You must be generating them to display
the ES daily stuff. Thanks!
again we need to finish other projects like the automatic email
for set favorites. We can add a column eventually for some select
futures, or maybe I can simply add ES and NQ and YM to the the SPX,
Nasdaq, and Dow table - for now I'll simply do that
Posted by donkeyface on 28th of Jul 2023 at 08:14 am
I'd love KISS for like 2min charts and 10min... gimme some LTFs
fam. LOL. AND a day trading specific
channel so you can tackle the 4 customers who day trade.
LOLOL... thanks as always, this was great addition.
Posted by donkeyface on 8th of Jul 2023 at 07:34 am
You’ve probably addressed this before… how are you getting these
ES levels? Is it manual or is there an indicator?
Also you guys could package up your Tradingview Indicators
and sell them?!? Thanks
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
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?
9/12 ES Levels Sept Contract (ESU24)
Posted by steve on 5th of Sep 2022 at 10:46 am
Upside: 5574 5585/87 5593/96 5604 5611 5630
Downside: 5572 5563/57 5547/42 5531 5523/19 5507
ES came down to 5542
Posted by steve on 12th of Sep 2024 at 10:45 am
ES came down to 5542 and nice bounce - still dealing with supply zone posted earlier (first test led to a nice rejection/pullback)
ES quick test and bounce
Posted by steve on 12th of Sep 2024 at 08:46 am
ES quick test and bounce near 5560 (initial support for traders)
ES levels updated - holding
Posted by steve on 11th of Sep 2024 at 04:30 pm
ES levels updated - holding those supports expect upside to continue
Held support (as posted yesterday)
Posted by steve on 12th of Sep 2024 at 01:10 pm
Held support (as posted yesterday) and upside continued
ES 5556/62 next zone -
Posted by steve on 11th of Sep 2024 at 03:56 pm
ES 5556/62 next zone - wowsa
9/11 again comes thru
Computer crashed big time so
Posted by steve on 11th of Sep 2024 at 03:58 pm
Computer crashed big time so just getting back on line
ES levels 5511 then main
Posted by steve on 11th of Sep 2024 at 01:33 pm
ES levels 5511 then main 5519/28
Yes Sirrrrrrrr - posted earlier
Posted by steve on 11th of Sep 2024 at 01:48 pm
Yes Sirrrrrrrr - posted earlier on ES
ES 5414/11 bounce zone (after
Posted by steve on 11th of Sep 2024 at 11:09 am
ES 5414/11 bounce zone (after SPX gap fill) 20+ points
ES running yesterday's low
Posted by steve on 11th of Sep 2024 at 10:10 am
ES running yesterday's low
ES swiped yesterday's highs and
Posted by steve on 11th of Sep 2024 at 09:31 am
ES swiped yesterday's highs and retraced
Chasing above previous highs into
Posted by steve on 11th of Sep 2024 at 09:51 am
Chasing above previous highs into fresh supply not wise
Pin that to your computer
Posted by steve on 11th of Sep 2024 at 10:35 am
Pin that to your computer
ES reclaim of 5482 provided
Posted by steve on 11th of Sep 2024 at 08:54 am
ES reclaim of 5482 provided a trigger for a bounce trade (FBD failed breakdown and a recapture)
Same thing below overnight lows and reclaim but that was too quick
Overnight, ES pulled back into
Posted by steve on 10th of Sep 2024 at 08:12 am
Overnight, ES pulled back into initial support at 5463/57 zone and bounced. Overnight low was 5462.50
CPI Tomorrow
SPX traded in a narrow
Posted by steve on 7th of Sep 2024 at 10:56 am
SPX traded in a narrow range for about 2 weeks before an impulsive sell lower on Tuesday - from contraction comes expansion.
As pointed out on Thursday, the market structure remained bearish following Tuesday's BOS (Break of Structure).
Bears in Control until ES 5475/82 reclaims. ES has now retraced approximately 50% of the previous advance. Demand zone 5394-5319 shown below along with certain Fibs
This count becomes less probable on a break of 5300 (one other option would be price carving out a triangle if it remains in a range). Onus on the bulls short term.
ES decent bounce overnight after
Posted by steve on 9th of Sep 2024 at 08:35 am
ES decent bounce overnight after initial test of demand zone after hours on Friday (5397-5320) - moved up into broad supply zone (5560-5670 with key zone 5572-90)
On the smaller time frames, ES broke above previous high (5430s) creating a BOS (break of structure) as did NQ so that is constructive against Friday lows on any pullbacks
NQ Daily Supply (18,829-19,100)
ES moved up into the
Posted by steve on 9th of Sep 2024 at 10:31 am
ES moved up into the key zone discussed on weekend and earlier today (5474/82) and rejected upon initial test
ES came back to support
Posted by steve on 9th of Sep 2024 at 11:37 am
ES came back to support zone and is bouncing ES 5442 - nice action on levels - trail up stops in accordance with your risk tolerance.
Futures gapped up yesterday, gap
Posted by ruidoso on 9th of Sep 2024 at 10:53 am
Futures gapped up yesterday, gap 50 points lower on ES. but I am sure you know that? 5457 could be key for up, number on list..... above
5405 gap fill
Posted by ruidoso on 9th of Sep 2024 at 10:54 am
5405 gap fill
Close.....
Posted by ruidoso on 11th of Sep 2024 at 10:24 am
Close.....
ES failed at 5528/34 zone
Posted by steve on 6th of Sep 2024 at 10:00 am
ES failed at 5528/34 zone and just lost 5500 next level 5492 then 5482
ES - trail down stops
Posted by steve on 6th of Sep 2024 at 10:17 am
ES - trail down stops
ES short a beauty -
Posted by steve on 6th of Sep 2024 at 10:26 am
ES short a beauty - roundtrip back to overnight lows - big zone below 5463/56
ES managed a small bounce
Posted by steve on 6th of Sep 2024 at 10:39 am
ES managed a small bounce from that zone below 5447 and 5433/25 strong zones
NQ zones 18,542 and 18,508/474
Posted by steve on 6th of Sep 2024 at 10:46 am
NQ zones 18,542 and 18,508/474 (main zone)
BOOM
Posted by steve on 6th of Sep 2024 at 11:01 am
BOOM
Waller (FED member) spike
Posted by steve on 6th of Sep 2024 at 11:07 am
Waller (FED member) spike
ES 5492 tagged
Posted by steve on 5th of Sep 2024 at 12:08 pm
ES 5492 tagged
I updated the ES sticky
Posted by matt on 19th of Aug 2024 at 09:27 am
I updated the ES sticky levels
that said guys, I don't know if I want to update these daily like Steve does.
if you want to get them on your own, Steve gets those from this guy on twitter
https://x.com/smashelito/status/1825291372158689457/photo/1
you can follow that guy on Twitter, he posts them once a day in the evening.
otherwise for me, I like my TICK levels because I generate them
x.com
x.com
ES initial bounce from 5445
Posted by steve on 14th of Aug 2024 at 10:52 am
ES initial bounce from 5445 for 10+ pts then 5438 for 15+ points
VIX remains subdued - continue to monitor
ES now approaching 40 points
Posted by steve on 14th of Aug 2024 at 11:40 am
ES now approaching 40 points from support level
NQ Levels 19,027/45 and19,072/95
Posted by steve on 13th of Aug 2024 at 12:35 pm
NQ Levels 19,027/45 and19,072/95
The wide zone recently for
Posted by steve on 8th of Aug 2024 at 12:12 pm
The wide zone recently for ES has been 5196-5340 =traversed up and down
ES getting a bounce off
Posted by steve on 7th of Aug 2024 at 10:45 am
ES getting a bounce off previous resistance turned support 5527ish
Nice quick 20+ pts
Posted by steve on 7th of Aug 2024 at 10:48 am
Nice quick 20+ pts
With the VIX still above
Posted by steve on 7th of Aug 2024 at 10:50 am
With the VIX still above 20 and negative gamma you will still see large moves
IF ES wants to extend
Posted by steve on 7th of Aug 2024 at 09:52 am
IF ES wants to extend directly then may test 5365 then 5378 - but have to manage with trailing stops. There is an open gap on ES (remember quite rare)
First objective was new highs 5342 other levels posted above
ES rejecting 5338/43 zone (was
Posted by steve on 6th of Aug 2024 at 03:00 pm
ES rejecting 5338/43 zone (was last target from morning)
Support on ES now shifts
Posted by steve on 6th of Aug 2024 at 10:25 am
Support on ES now shifts up to 5268 and 5260/52
Bulls are using up a
Posted by steve on 5th of Aug 2024 at 03:14 pm
Bulls are using up a lot of powder here to keep around 5200 - support below has weakened.
ES vwap 5374
Posted by steve on 2nd of Aug 2024 at 03:29 pm
ES vwap 5374
ES tags vwap and drops
Posted by steve on 2nd of Aug 2024 at 03:39 pm
ES tags vwap and drops
ES playing around with that
Posted by steve on 2nd of Aug 2024 at 12:45 pm
ES playing around with that 5378 pivot
Pivot rejection 5378 for 25+
Posted by steve on 2nd of Aug 2024 at 12:56 pm
Pivot rejection 5378 for 25+ points
Not interested personally in chasing
Posted by steve on 2nd of Aug 2024 at 08:26 am
Not interested personally in chasing shorts on gap down (unless get a better setup but trail stops lower on existing shorts) - follow your plan
ES reached 5412 overnight A weak
Posted by steve on 2nd of Aug 2024 at 06:09 am
ES reached 5412 overnight
A weak market would hold below the support area, now resistance, at 5435 to 5445, while failure to do so could trigger a false breakdown. The outlier risk to the downside is the unfilled gap at 5385.25.
Closing in on the gap
Posted by steve on 2nd of Aug 2024 at 08:33 am
Closing in on the gap posted a few hours ago
Target achieved 5385
Posted by steve on 2nd of Aug 2024 at 08:34 am
Target achieved 5385
ES - bulls need to
Posted by steve on 2nd of Aug 2024 at 08:36 am
ES - bulls need to reclaim 5400 to get some traction and reclaim 5450 to stabilize. Trail on stops if short.
Quick pop after ES recovered
Posted by steve on 2nd of Aug 2024 at 09:22 am
Quick pop after ES recovered 5400 - trail up if playing (scale and trail as this is wild) 5414 resistance (previous support posted) then 5438 and big at 5450
Again, onus on bulls to
Posted by steve on 3rd of Aug 2024 at 08:40 am
Again, onus on bulls to reclaim 5378, 5400 and 5435/50 next week on rally attempt or next stop below 5200.
Volume on Daily ES rising on price declines as of Friday so no divergence as yet on volume.
Will still need to see
Posted by steve on 4th of Aug 2024 at 11:15 pm
Will still need to see volume divergence. Some wise ole trader said markets rarely bottom on Friday's. Sleep well
ES failed to reclaim 5414
Posted by steve on 2nd of Aug 2024 at 10:07 am
ES failed to reclaim 5414 (no closing candle) and back down
Bears want to keep ES
Posted by steve on 1st of Aug 2024 at 07:35 pm
Bears want to keep ES below 5480/90 - with 5422 Weekly support
IWM support 212/214
Bears better watch out for
Posted by DigiNomad on 1st of Aug 2024 at 07:40 pm
Bears better watch out for QE. It's not if, it's just when at this point. We could already be in it (some signs) but the next step would be to admit it so they get a bump more quickly from the accelerating debasement of the currency. Either way, assets can't stay down that long when they really kick the debasement way way past emergency mode. We've already been in emergency mode since 2020. I don't know what you call levels above emergency stimulus mode, but that's where we're heading.
*note that one part of the QE strategy is to reduce yield on bonds not just to stimulate borrowing...because they want to force people out of bonds and farther into the risky equities side of the risk curve. It's very possible this move down in yields is being assisted by QE. They get the cuts that way without actually cutting (the overnight rate they control is almost meaningless in terms of real business).
ES 5432 Previous Low can
Posted by steve on 1st of Aug 2024 at 06:55 pm
ES 5432 Previous Low can watch for a potential failed breakdown. If unable to bounce then 5385 could be in play. Topside 5480/90 resistance
The first support is around 5450ish to also watch for an FBD (Failed Breakdown) if you are a trader.
There is the 5432 flush
Posted by steve on 1st of Aug 2024 at 10:35 pm
There is the 5432 flush
The ES 5450 FBD worked
Posted by steve on 1st of Aug 2024 at 07:59 pm
The ES 5450 FBD worked out nicely for a quick 10+ points on the bounce
Freudian slip? 2385? You ole
Posted by profmel on 1st of Aug 2024 at 07:49 pm
Freudian slip? 2385? You ole Yogi Bear :)
Yes my bad and thanks
Posted by steve on 1st of Aug 2024 at 07:58 pm
Yes my bad and thanks for pointing this out - I adjusted my typo below. Much appreciated.
ES still has equal lows
Posted by steve on 1st of Aug 2024 at 02:38 pm
ES still has equal lows around 5432/33
ES sliced many levels -
Posted by steve on 1st of Aug 2024 at 01:04 pm
ES sliced many levels - must now reclaim 5511 to push up
Below 5474 5457 5450/47
Absolutely no buying reaction thus
Posted by steve on 1st of Aug 2024 at 01:15 pm
Absolutely no buying reaction thus far
Matt has said several times
Posted by DK on 1st of Aug 2024 at 01:15 pm
Matt has said several times in the newsletter that it bothered him that the S&P didn't fill the gap down around 5375, I wonder if it'll get there.
ES 5560 - taking most
Posted by steve on 31st of Jul 2024 at 10:22 am
ES 5560 - taking most down here. Need to work on cleaning up computer malware.
Prior lows on ES were
Posted by steve on 30th of Jul 2024 at 12:04 pm
Prior lows on ES were 5433
ES reached final zone today
Posted by steve on 26th of Jul 2024 at 01:48 pm
ES reached final zone today (order flow driven not news)
ES bouncing out of demand
Posted by steve on 26th of Jul 2024 at 08:15 am
ES bouncing out of demand zone - let's see how we react to PCE
Of Note: There is an open gap on ES just below 5600 (very rare to see on futures)
ES 5533 was also a
Posted by steve on 25th of Jul 2024 at 01:20 pm
ES 5533 was also a symmetry level
Big rejection from 5533 symmetry
Posted by steve on 25th of Jul 2024 at 03:04 pm
Big rejection from 5533 symmetry posted
The main zone on ES
Posted by steve on 22nd of Jul 2024 at 01:48 pm
The main zone on ES 5630/37 prior support (breakdown level)
Rejected upon backtest of the
Posted by steve on 24th of Jul 2024 at 11:12 am
Rejected upon backtest of the 5630 main zone (posted here a few times prior)
ES 5607 +/- resistance
Posted by steve on 22nd of Jul 2024 at 09:51 am
ES 5607 +/- resistance
Quick 20+ points from that
Posted by steve on 22nd of Jul 2024 at 10:04 am
Quick 20+ points from that resistance level on ES - expect some wild action
ES 5585 Major Support -
Posted by steve on 18th of Jul 2024 at 02:33 pm
ES 5585 Major Support - let's see
ES rejected 5658/60 zone hard
Posted by steve on 18th of Jul 2024 at 10:47 am
ES rejected 5658/60 zone hard down to 5624/18 zone
Now testing next zone 5611/08
Posted by steve on 18th of Jul 2024 at 11:18 am
Now testing next zone 5611/08 then 5596/85
ES guessing 5621 - 5585
Posted by steve on 17th of Jul 2024 at 12:13 pm
ES guessing 5621 - 5585 gets tested in coming days
ES tagged 5721 to the
Posted by steve on 16th of Jul 2024 at 10:49 pm
ES tagged 5721 to the tick today - levels updated
Fails 5690 and holds then look lower
INTC up nicely compare to
Posted by mrrab079 on 17th of Jul 2024 at 08:41 am
INTC up nicely compare to other semiconductor stocks
Lost support and tumbled Vix-peration often
Posted by steve on 17th of Jul 2024 at 08:19 am
Lost support and tumbled
Vix-peration often leads to big moves
Groggy this morning and just
Posted by steve on 17th of Jul 2024 at 09:02 am
Groggy this morning and just getting up to speed after late night
QQQ Weekly DZ 487.35-473
Futures down 56
Posted by lamb on 17th of Jul 2024 at 09:04 am
Futures down 56
5665 big level of support
Posted by steve on 12th of Jul 2024 at 03:55 pm
5665 big level of support -
ES 5665 support level posted
Posted by steve on 15th of Jul 2024 at 06:48 am
ES 5665 support level posted late Friday has produced a 25 point bounce
Updated ES levels bouncing from
Posted by steve on 11th of Jul 2024 at 12:11 pm
Updated ES levels bouncing from 36/31 support - upside targets shown if support held - big tech heavy
ES bounced from Demand zone
Posted by steve on 9th of Jul 2024 at 08:39 am
ES bounced from Demand zone yesterday 5518-10 and reached previous highs
ES Levels updated...holding those support
Posted by steve on 2nd of Jul 2024 at 10:45 pm
ES Levels updated...holding those support zones expect breakout but would prefer a test of those levels and not a peak above and fail.
Steve ES only got as
Posted by DK on 3rd of Jul 2024 at 08:49 am
Steve ES only got as low as 5559 so far so wondering if it will even test the support levels you listed above
DK - zone from overnight
Posted by steve on 3rd of Jul 2024 at 08:58 am
DK - zone from overnight 5562/57 if fails 5552 then next lower zone
VIX was buried and some unwind higher early today
Big move in GC overnight on USD weakness and lower Yields also helping
Thanks Steve
Posted by DK on 3rd of Jul 2024 at 09:16 am
Thanks Steve
ES failed again at initial
Posted by steve on 1st of Jul 2024 at 10:16 am
ES failed again at initial zone around 5540 and lost 5520 support for a quick drop
ES has also been following
Posted by matt on 1st of Jul 2024 at 10:31 am
ES has also been following the cycles pretty well on 15 min, 1 min
remember guys pre 4th, light volume, whips all around
https://www.tradingview.com/chart/epRziFih/
ES came down into support
Posted by steve on 28th of Jun 2024 at 11:32 am
ES came down into support zone - sloppy action into quarter end. They ran those equal highs and reached big zone on ES 5577/82 and profit taking took hold.
April 1st of the current
Posted by DigiNomad on 28th of Jun 2024 at 11:42 am
April 1st of the current quarter (ending today) was the start of a rough patch. Money managers are forced to close their eyes and chase if they're behind (if they want to stay employed) so if it's been a bullish quarter you can expect some chasing into the close. The thing is that many don't want to be in the high flyers at current valuations, so they run away as soon as the market opens in the new quarter to wait for better prices. Cycle begins again and squeezes into quarter end. Rinse, repeat.
*The word on the street with the people that follow the seasonal charts closely is that it doesn't get more bullish than the 1st two weeks of July. Most seem to think we will get seasonal election year weakness, but not until the second half of July, maybe even August. We'll see. I'm not a huge fan of seasonals myself. Is it deficit spend at 7% of GDP season? Yes? Game on.
ES hit 5556 and rejected
Posted by steve on 27th of Jun 2024 at 11:35 am
ES hit 5556 and rejected support zones 5533/29 then 5523/19
ES
Posted by steve on 27th of Jun 2024 at 12:26 pm
Nice bounce from that zone
ES rejected 2 pts shy
Posted by steve on 26th of Jun 2024 at 08:44 am
ES rejected 2 pts shy of 5554 - support 5226/22 then 5514 and 5507/5500
Bulls now want to hold
Posted by steve on 25th of Jun 2024 at 10:34 pm
Bulls now want to hold 5522 to move up directly
Range bound day trapping both
Posted by steve on 25th of Jun 2024 at 01:56 pm
Range bound day trapping both ways on ES
Bulls lost 5519/22 (after several
Posted by steve on 25th of Jun 2024 at 01:14 pm
Bulls lost 5519/22 (after several holds) and now must reclaim to trigger upside
ES 5530 rejects down to
Posted by steve on 25th of Jun 2024 at 08:45 am
ES 5530 rejects down to 5522 - some action here on zones
ES tagged 5558
Posted by steve on 24th of Jun 2024 at 10:30 am
ES tagged 5558
ES levels 5445/52 and 5558/63
Posted by steve on 21st of Jun 2024 at 11:56 am
ES levels 5445/52 and 5558/63 overhead
Failure of 5425 zones above for minor dip
ES first bounce target 5433/38
Posted by steve on 21st of Jun 2024 at 10:12 am
ES first bounce target 5433/38 for those playing - I was focused on GC with that thin pump
Was very clear if 5560
Posted by steve on 20th of Jun 2024 at 12:34 pm
Was very clear if 5560 lost on ES
NVDA flushed
NVDA brought down the S&P.....
Posted by mla127 on 20th of Jun 2024 at 01:00 pm
NVDA brought down the S&P.....
When I asked ChatGPT how
Posted by DigiNomad on 20th of Jun 2024 at 01:08 pm
When I asked ChatGPT how much NVDA's market cap increased today a couple hours ago, not only did it say 277 billion....it went on a freaking sell side rant about why the increase was appropriate. I had to hit the "interrupt" button to stop the sales pitch.
Our newAI overlord is on the NVDA bull train (shocker?)....so this could be a rare buy opportunity.
Trader Tom
Posted by steve on 20th of Jun 2024 at 01:23 pm
NVDA just lost a few country worth of market cap in the last 2 hours
x.com
x.com
Lost 5560 and now likely
Posted by steve on 20th of Jun 2024 at 12:23 pm
Lost 5560 and now likely to test 5548/44
The difference between ES and
Posted by steve on 20th of Jun 2024 at 10:10 am
The difference between ES and SPX today is 71 points (ES higher)
wow, quite large
Posted by matt on 20th of Jun 2024 at 10:12 am
wow, quite large
ES bouncing off initial support
Posted by steve on 20th of Jun 2024 at 09:44 am
ES bouncing off initial support zone into first target zone
Upside, one number missing a
Posted by ruidoso on 18th of Jun 2024 at 05:24 am
Upside, one number missing a digit, thanks
ES 5528 achieved next zone
Posted by steve on 17th of Jun 2024 at 12:35 pm
ES 5528 achieved next zone is 5538/44 which is expected to be tested from the flag
ES has moved up to
Posted by steve on 17th of Jun 2024 at 01:22 pm
ES has moved up to the next zone (main zone target today) - keep trailing up stops
ES range break
Posted by steve on 17th of Jun 2024 at 12:27 pm
ES range break
ES held initial support zone
Posted by steve on 17th of Jun 2024 at 11:03 am
ES held initial support zone and decent bounce and now testing 5508/12 zone
ES 5501 at the Bell
Posted by steve on 14th of Jun 2024 at 04:04 pm
ES 5501 at the Bell
ES VWAP 5484 - bulls
Posted by steve on 14th of Jun 2024 at 09:22 am
ES VWAP 5484 - bulls want to reclaim and build above - failure to do so opens door to retest of overnight low
Short term - ES (September)
Posted by steve on 14th of Jun 2024 at 08:43 am
Short term - ES (September) possible smaller degree wave iv but bulls must move from here as this is invalidated below 5450 and losing morning lows would be a warning. New supply zone formed overnight 5497-5510
Tricky here and one reason we haven't added much to watchlist - remain nimble
ES managed to grind up
Posted by steve on 14th of Jun 2024 at 01:48 pm
ES managed to grind up to supply zone posted earlier
Nice quick reaction off supply
Posted by steve on 14th of Jun 2024 at 01:59 pm
Nice quick reaction off supply - initial test typically produces a fade
Seemed to be a reaction
Posted by DigiNomad on 14th of Jun 2024 at 02:26 pm
Seemed to be a reaction off of session VWAP. Might checkback here, form a higher low and do the standard push into the close. What's the saying? Something like: Joe's trade the open but pros trade the close. The pros know Janet has no leash right now and is trying to buy an election. Good luck getting in front of Fed contract after contract after contract to NVDA, GOOG and the rest of the bunch.
*checkback was complete by the time I wrote 4 sentences
Redrawn to support Steve's point:
Posted by DigiNomad on 14th of Jun 2024 at 01:54 pm
Redrawn to support Steve's point:
SPY - Looks like channelingstocks.comto
Posted by elementsix on 14th of Jun 2024 at 02:57 pm
SPY - Looks like channelingstocks.comto me...
Q? Believe September should be
Posted by mkwalsh on 14th of Jun 2024 at 08:49 am
Q? Believe September should be U. FYI
Yes thanks - corrected typo.
Posted by steve on 14th of Jun 2024 at 08:54 am
Yes thanks - corrected typo. Much appreciated
ES made it to the
Posted by steve on 11th of Jun 2024 at 02:33 pm
ES made it to the next zone and still squeezing
ES came down to initial
Posted by steve on 11th of Jun 2024 at 08:42 am
ES came down to initial zone overnight and bounced
ES initial target reached
Posted by steve on 10th of Jun 2024 at 11:55 am
ES initial target reached
ES 5363 then 5070/73 support
Posted by steve on 5th of Jun 2024 at 03:19 pm
ES 5363 then 5070/73 support 5338
Quick 7 points from zone
Posted by steve on 5th of Jun 2024 at 08:19 am
Quick 7 points from zone
Falling Supply on ES (Prior
Posted by steve on 5th of Jun 2024 at 08:07 am
Falling Supply on ES (Prior Lower High on Daily Chart) was 5339
ES bounced near 5264 support
Posted by steve on 4th of Jun 2024 at 09:01 am
ES bounced near 5264 support
Rejected off initial zone posted
Posted by steve on 4th of Jun 2024 at 06:07 am
Rejected off initial zone posted earlier last night when ES was above 5300. Also downtrend line 5300/5310 came into play here.
Overnight high 5303.50..
Guess your algorithm friend has
Posted by lamb on 4th of Jun 2024 at 06:43 am
Guess your algorithm friend has some credibility
But like Matt says in
Posted by lamb on 4th of Jun 2024 at 06:44 am
But like Matt says in newsletter , he doesn’t know what he is looking at for proof?
Look at valid supply zones
Posted by steve on 4th of Jun 2024 at 06:48 am
Look at valid supply zones created. I also told Matt 5 waves down yesterday which is part of market structure.
Terrific fade from supply zone
Posted by steve on 3rd of Jun 2024 at 12:19 pm
Terrific fade from supply zone (resistance) and now once again testing key support zone
30 points on ES from
Posted by steve on 3rd of Jun 2024 at 10:49 am
30 points on ES from initial zone
ES bounced back to test
Posted by steve on 31st of May 2024 at 09:05 am
ES bounced back to test breakdown level from yesterday 5272 - quick fade off that level upon initial test. If reclaimed bigger zone around 5300 area
Support now at 5238/42
ES reclaimed 5238/42 and squeezed
Posted by steve on 31st of May 2024 at 04:15 pm
ES reclaimed 5238/42 and squeezed to bigger zone around 5300 (see comments yesterday). Negative gamma and 0DTE produces wild gyrations
25+ point fade from highlighted
Posted by steve on 31st of May 2024 at 10:04 am
25+ point fade from highlighted resistance zone. Market moves fast when in negative gamma
Oh my, nice trade after
Posted by steve on 31st of May 2024 at 09:34 am
Oh my, nice trade after late night at graduation
Trail down tight now if
Posted by steve on 31st of May 2024 at 09:20 am
Trail down tight now if playing the fade - best to scale to protect
Nice 5261 scale again
Posted by steve on 31st of May 2024 at 09:28 am
Nice 5261 scale again
Now trail down on runners
Posted by steve on 31st of May 2024 at 09:31 am
Now trail down on runners
ES next levels for today
Posted by steve on 30th of May 2024 at 03:46 pm
ES next levels for today 5245 then 5238/32 next see above
5238 bounce on ES
Posted by steve on 30th of May 2024 at 03:53 pm
5238 bounce on ES
ES bounced near 5249 level
Posted by steve on 30th of May 2024 at 08:18 am
ES bounced near 5249 level (overnight low 5250)
ES bulls want to now
Posted by steve on 30th of May 2024 at 08:21 am
ES bulls want to now hold above 5260
ES/QQQ came into demand zones overnight
ES just ran those lows
Posted by steve on 29th of May 2024 at 04:29 pm
ES just ran those lows at 5273 (another target achieved)
ES hurdles above 5290 5298/5302
Posted by steve on 29th of May 2024 at 10:18 am
ES hurdles above 5290 5298/5302
ES nice fade off 5298
Posted by steve on 29th of May 2024 at 11:15 am
ES nice fade off 5298
Stretch it out and hurdle....
Posted by ruidoso on 29th of May 2024 at 10:39 am
Stretch it out and hurdle....
ES has prior low of
Posted by steve on 29th of May 2024 at 08:58 am
ES has prior low of 5273 to be aware
ES rejected 5327/30 zone thus
Posted by steve on 28th of May 2024 at 12:28 pm
ES rejected 5327/30 zone thus far - however NVDA remains strong and near highs (mostly range bound action)
NVDA continuing higher
Posted by steve on 28th of May 2024 at 01:29 pm
NVDA continuing higher
ES bounced 8+ pts off
Posted by steve on 28th of May 2024 at 10:20 am
ES bounced 8+ pts off 5316 (gyrating in range still)
On ES there is a
Posted by steve on 23rd of May 2024 at 02:49 pm
On ES there is a demand zone 5264-5220 approximately which I think gets tested
ES bouncing from 5316 -
Posted by steve on 23rd of May 2024 at 11:37 am
ES bouncing from 5316 - new supply zone created today 5350/68 as a result - resistance prior posted below in accordance with Fibs
https://www.tradingview.com/chart/WVDTpjM0/
Posted by matt on 23rd of May 2024 at 11:54 am
https://www.tradingview.com/chart/WVDTpjM0/
TradingView ES - remember earlier
Posted by matt on 23rd of May 2024 at 02:38 pm
TradingView ES - remember earlier I said if we lost that support around 5305 there was an air pocket to the next support zone range, that's one reason price dumped hard was losing that support, tagging the upper part of that next support zone here at the lows
https://www.tradingview.com/chart/WVDTpjM0/
ES 5335/45 now strong resistance
Posted by steve on 23rd of May 2024 at 10:58 am
ES 5335/45 now strong resistance
Rejected this zone and puked
Posted by steve on 23rd of May 2024 at 02:57 pm
Rejected this zone and puked
ES making a run for
Posted by steve on 14th of May 2024 at 10:28 am
ES making a run for those equal highs around 5264
NQ above ATR on 60 minute and ES approaching (Avg True Range)
ES they just ran those
Posted by steve on 14th of May 2024 at 02:42 pm
ES they just ran those equal highs
NQ ran those equal highs
Posted by steve on 14th of May 2024 at 10:37 am
NQ ran those equal highs and reversed from above ATR
ES bounced off 5218 ES Demand
Posted by steve on 14th of May 2024 at 08:36 am
ES bounced off 5218
ES Demand Zone 5218-5189
can't wait to hear from
Posted by srusso1 on 14th of May 2024 at 08:40 am
can't wait to hear from JP about this.
ES just tagged 5233
Posted by steve on 13th of May 2024 at 01:12 pm
ES just tagged 5233
ES came into 5233/28 zone
Posted by steve on 10th of May 2024 at 11:49 am
ES came into 5233/28 zone and attempting to bounce
ES
Posted by steve on 8th of May 2024 at 10:49 am
Breaking 5212 so next zone above 5220+ next target - big move so be weary of chasing simply pointing out levels
ES 5220/24 Defended thus far
Posted by steve on 7th of May 2024 at 10:01 am
ES 5220/24 Defended thus far
ES quick pullback from that
Posted by steve on 7th of May 2024 at 10:45 am
ES quick pullback from that zone - IF bulls reclaim 5222 then look to next zone above 5234/38
ES demand zones below 5170-55
Posted by steve on 6th of May 2024 at 03:06 pm
ES demand zones below 5170-55 and 5119-5099 (should we see a pullback)
ES coming into the next
Posted by steve on 6th of May 2024 at 02:18 pm
ES coming into the next zone 5194/98 above 5205/13
5205 achieved
Posted by steve on 6th of May 2024 at 03:56 pm
5205 achieved
can't stop won't stop ...
Posted by mla127 on 6th of May 2024 at 04:00 pm
can't stop won't stop ... lol
ES 5161/67 next target (corrected
Posted by steve on 3rd of May 2024 at 02:17 pm
ES 5161/67 next target (corrected typo on that pocket)
ES support 5044 (SPX back
Posted by steve on 1st of May 2024 at 04:06 pm
ES support 5044 (SPX back into demand but weaker now)
Held support and +35
Posted by steve on 2nd of May 2024 at 08:21 am
Held support and +35
Thanks!
Posted by skitexas67 on 1st of May 2024 at 08:27 am
Thanks!
Hi Steve, Just a friendly
Posted by skitexas67 on 1st of May 2024 at 08:25 am
Hi Steve, Just a friendly nudge for today's key ES Levels.
5066 and 5041 below on
Posted by steve on 30th of Apr 2024 at 04:05 pm
5066 and 5041 below on ES
ES bulls need to reclaim
Posted by steve on 30th of Apr 2024 at 11:38 am
ES bulls need to reclaim 5122 and losing 5106 opens door for move down to next zone
ES tested 5137 twice (held
Posted by steve on 29th of Apr 2024 at 01:33 pm
ES tested 5137 twice (held and bounced)
ES rejecting 52/59 on first
Posted by steve on 25th of Apr 2024 at 12:11 pm
ES rejecting 52/59 on first attempt but bulls bouncing out of DEMAND ZONE as expected
ES 5070 then 5060/56 support
Posted by steve on 24th of Apr 2024 at 06:04 pm
ES 5070 then 5060/56 support zone
ES bounced from 5092 zone
Posted by steve on 24th of Apr 2024 at 11:41 am
ES bounced from 5092 zone above 5106/11 resistance intraday
ES has now spent 2
Posted by steve on 23rd of Apr 2024 at 12:48 pm
ES has now spent 2 hours in the noted resistance zone
yep - big level in
Posted by matt on 23rd of Apr 2024 at 12:59 pm
yep - big level in there
another thing was you had TICK level from 5072 where TICK spiked to 1600 on 4/17 cash open -that's a big spike high in the TICK and an important level
just sold my last Option
Posted by srusso1 on 23rd of Apr 2024 at 12:52 pm
just sold my last Option May 24 503 for profits Thanks BPT Should have went with June Op.
ES 5077/81 minor rejection zone
Posted by steve on 22nd of Apr 2024 at 02:24 pm
ES 5077/81 minor rejection zone - thinking ES could target 5101/07 zone in coming days
ES Update
Posted by steve on 23rd of Apr 2024 at 10:35 am
Achieved primary target 5103 - this is a potential rejection zone so TRIM and TRAIL
Right on cue with ES
Posted by steve on 22nd of Apr 2024 at 02:41 pm
Right on cue with ES from 5077
Thanks Steve, I was just
Posted by abcdzhirt123 on 22nd of Apr 2024 at 02:35 pm
Thanks Steve, I was just thinking where the target should be. What is your experience on how far back we should set stops and trail? I want to protect from a shart decline but also don't want to lose much of what's been gained. Thanks for all your guidance and mentorship, you have a great gift for this.
You should devise and follow
Posted by steve on 22nd of Apr 2024 at 02:38 pm
You should devise and follow your plan depending upon one's risk tolerance. One thing to consider, is to lock in some gains to protect and offset the emotional swings - when you have some gains locked down, it allows for more freedom on the balance. But again that's YOUR choice.
ES early on rejected 58/64
Posted by steve on 19th of Apr 2024 at 10:56 am
ES early on rejected 58/64 zone and then tested 5027
ES slight undercut of last
Posted by steve on 16th of Apr 2024 at 08:09 am
ES slight undercut of last zone overnight (5082) and then bounce.
Updating levels now
ES 5211/20 strong zone
Posted by steve on 15th of Apr 2024 at 08:51 am
ES 5211/20 strong zone
ES strong zone indeed (big
Posted by steve on 15th of Apr 2024 at 12:55 pm
ES strong zone indeed (big rejection)
Two quick 10 point pulls
Posted by steve on 15th of Apr 2024 at 09:43 am
Two quick 10 point pulls off that zone - more it's tested the weaker it becomes
big dive
Posted by shellson2 on 15th of Apr 2024 at 10:22 am
big dive
ES held initial support 5160
Posted by steve on 15th of Apr 2024 at 08:41 am
ES held initial support 5160 (mentioned in weekend newsletter) and bounced as Mid East tensions cooled
Remains to be seen on Israli response but for now market stable
ES main target 5164/57 (being
Posted by steve on 12th of Apr 2024 at 12:53 pm
ES main target 5164/57 (being tested)
A few zones sliced and
Posted by steve on 12th of Apr 2024 at 10:55 am
A few zones sliced and now testing 77/81
ES Fib levels .618 5205 .786 5191
Posted by steve on 12th of Apr 2024 at 09:12 am
ES Fib levels
.618 5205
.786 5191
ES levels being sliced
Posted by steve on 10th of Apr 2024 at 09:10 am
ES levels being sliced
ES moved up to 5282/85
Posted by steve on 4th of Apr 2024 at 07:35 am
ES moved up to 5282/85 zone with support below now at 5273 and 5263
Bulls have the ball after moving to frontside of the cycle
Very nice Wyckoff Wave C
Posted by steve on 4th of Apr 2024 at 09:12 am
Very nice Wyckoff Wave C upthrust after range break yesterday
ES initial zone 66/69
Posted by steve on 3rd of Apr 2024 at 10:01 am
ES initial zone 66/69
ES got the expected fade
Posted by steve on 3rd of Apr 2024 at 07:55 am
ES got the expected fade overnight 15+ points
ADP National Employment Report: Mar.
Posted by steve on 3rd of Apr 2024 at 08:38 am
ADP National Employment Report: Mar. Private Sector Employment +184K vs +148K Est.
ISM Services at 10:00 AM
Posted by steve on 3rd of Apr 2024 at 09:09 am
ISM Services at 10:00 AM and Powell at 12:10 PM EST
Trading community seems to have
Posted by steve on 3rd of Apr 2024 at 09:10 am
Trading community seems to have some issues initiating new post - for now will simply hit reply and post.
ES appears like 5 waves
Posted by steve on 2nd of Apr 2024 at 08:24 am
ES appears like 5 waves down off the 5333 high (currently testing initial zone 5275-63 and if lost next down5257 then 5248-33) so we have to on the lookout for bounce from such zones
What do these numbers mean?
Posted by regulardave on 27th of Mar 2024 at 04:07 pm
What do these numbers mean? I'm sorry but still learning.
ES Levels updated
Posted by steve on 22nd of Mar 2024 at 09:25 am
ES Levels updated
ES Support now 5308/02
Posted by steve on 21st of Mar 2024 at 01:08 pm
ES Support now 5308/02
Very nice
Posted by steve on 21st of Mar 2024 at 01:57 pm
Very nice
ES bouncing off 5202/08 zone
Posted by steve on 14th of Mar 2024 at 10:13 am
ES bouncing off 5202/08 zone - needs to respond to set higher low
5221 ES hurdle for Bulls
Posted by steve on 14th of Mar 2024 at 10:13 am
5221 ES hurdle for Bulls
over
Posted by shellson2 on 14th of Mar 2024 at 10:25 am
over
ping ponging
Posted by shellson2 on 14th of Mar 2024 at 10:27 am
ping ponging
and remember Quad Witch tomorrow
Posted by matt on 14th of Mar 2024 at 10:31 am
and remember Quad Witch tomorrow when you have events like that, the market typically doesn't trend in one direction but will chop around and fake you out
ES held initial support zone
Posted by steve on 14th of Mar 2024 at 05:53 am
ES held initial support zone and currently near first target zone.
ES support 5202-07 (Doji intraday)
Posted by steve on 12th of Mar 2024 at 12:51 pm
ES support 5202-07 (Doji intraday)
25+ points from listed intraday
Posted by steve on 12th of Mar 2024 at 02:22 pm
25+ points from listed intraday support on ES
Decent bounce so trim and
Posted by steve on 12th of Mar 2024 at 01:18 pm
Decent bounce so trim and trail - working on cleaning up some charts etc
ES tagged 5220 and faded
Posted by steve on 12th of Mar 2024 at 09:06 am
ES tagged 5220 and faded off that level
After the pop - noticed
Posted by steve on 12th of Mar 2024 at 09:15 am
After the pop - noticed put buyers stepped up to the plate.
This post sorry, I will
Posted by ruidoso on 12th of Mar 2024 at 02:41 pm
This post sorry, I will not mention it no mas
i believe june is
Posted by Glad on 12th of Mar 2024 at 09:09 am
i believe june is MESM24
ITS H-M-U-Z
Correct M = June
Posted by steve on 12th of Mar 2024 at 09:11 am
Correct M = June
ES big support level around
Posted by steve on 11th of Mar 2024 at 08:55 am
ES big support level around 5160 ES (June Contract)
Which is what on the
Posted by mastermind on 11th of Mar 2024 at 08:58 am
Which is what on the S&P 500?
Approximately 70 points lower for
Posted by steve on 11th of Mar 2024 at 09:01 am
Approximately 70 points lower for SPX currently - will adjust down daily slightly - you should have access to SPX Futures Quotes As aTrader to Track Overnight Action
The difference between ES and
Posted by steve on 11th of Mar 2024 at 10:29 am
The difference between ES and SPX is 65/66 points to be more precise
ES reclaimed 5146 next above
Posted by steve on 8th of Mar 2024 at 02:46 pm
ES reclaimed 5146 next above 5155 and 5167/69
ES holding support here around
Posted by steve on 8th of Mar 2024 at 12:28 pm
ES holding support here around 4146/50
ES
Posted by steve on 8th of Mar 2024 at 12:55 pm
Lost support and you can see the reaction with next level around 5133
ES 5190 area big level
Posted by steve on 8th of Mar 2024 at 10:03 am
ES 5190 area big level so protect
Not that far away now
Posted by shellson2 on 8th of Mar 2024 at 12:24 pm
Not that far away now
Shellson - that was the
Posted by steve on 8th of Mar 2024 at 12:27 pm
Shellson - that was the March contract not June - many quotes have rolled to June but I'm still on March until next week. Made that clear last night
Thx Steve. my error
Posted by shellson2 on 8th of Mar 2024 at 12:41 pm
Thx Steve. my error
Quick 15+ point pullback from
Posted by steve on 8th of Mar 2024 at 11:06 am
Quick 15+ point pullback from 5190 area - need to step away
ES 50 point bounce off
Posted by steve on 8th of Mar 2024 at 10:23 am
ES 50 point bounce off noted support (5143) in newsletter - now churning at this level
SPX - 5300 by next
Posted by DigiNomad on 8th of Mar 2024 at 10:31 am
SPX - 5300 by next Wednesday? That might be too pessimistic... I didn't watch the SOTU last night, but I'm guessing that if you listened carefully there were a lot of promises made that would require large increases in Federal deficit spending probably while saying out of the other side of mouth that deficit would be reduced by "paying fair share" or some nonsense like that. Anyway, it was hard to imagine a down market today no matter what the jobs number was with people coming in with dreams of manic Gov spending dancing in their heads.
ESM24 is the June ES
Posted by steve on 7th of Mar 2024 at 06:04 pm
ESM24 is the June ES Contract (Rollover Soon)
ES bounced near prior pivot
Posted by steve on 7th of Mar 2024 at 04:53 pm
ES bounced near prior pivot 5143 - upside levels 5158/62 5169 5185/90
Fails 5140 then 5133/27
For tonight ES 5100 and
Posted by steve on 5th of Mar 2024 at 10:23 pm
For tonight ES 5100 and NQ 18,000 are initial resistance levels for bulls to reclaim.
Cleared initial hurdles keeping the
Posted by steve on 6th of Mar 2024 at 08:04 am
Cleared initial hurdles keeping the bounce/rally intact. ES 5120/25 next zone generally speaking...still open to possibility of retest or new highs as discussed last night. Tricky here so for me, level to level with the QQQ structure one such factor.
First test on ES getting
Posted by steve on 6th of Mar 2024 at 09:38 am
First test on ES getting a reaction as expected - faded 10+ points
25 points - that was
Posted by steve on 6th of Mar 2024 at 10:09 am
25 points - that was the easy trade off initial test support now 5096/90
ES held posted support zone
Posted by steve on 6th of Mar 2024 at 11:09 am
ES held posted support zone and bounced 20+
ES Levels updated
Posted by steve on 5th of Mar 2024 at 06:46 pm
ES Levels updated
ES supports 5120/5100 broadly speaking
Posted by steve on 3rd of Mar 2024 at 11:51 am
ES supports 5120/5100 broadly speaking (levels above will be updated)
ES
Posted by steve on 2nd of Mar 2024 at 08:21 am
Gamma Call Wall 5150 - Bulls Next Hurdle
5136-40 achieved - posted target
Posted by steve on 1st of Mar 2024 at 12:53 pm
5136-40 achieved - posted target earlier
ES 5123 reached next above
Posted by steve on 1st of Mar 2024 at 11:09 am
ES 5123 reached next above around 5135
5115 ES a BIG GAMMA
Posted by steve on 29th of Feb 2024 at 06:36 pm
5115 ES a BIG GAMMA LEVEL - price rejected there today. ES Support 5080/75
It's possible today's move up was a corrective a-b-c should bulls fail to hold serve. Simply follow your plan
ES moved up overnight to
Posted by steve on 1st of Mar 2024 at 05:56 am
ES moved up overnight to the 5115 Gamma Wall (posted yesterday here) where price found resistance.
ES tags 5082 initial bounce
Posted by steve on 28th of Feb 2024 at 10:52 am
ES tags 5082 initial bounce target
ES 5080 is a massive
Posted by steve on 26th of Feb 2024 at 01:31 pm
ES 5080 is a massive put wall (support)
ES tested 5090 overnight then
Posted by steve on 26th of Feb 2024 at 09:12 am
ES tested 5090 overnight then bounced
ES levels updated - still
Posted by steve on 22nd of Feb 2024 at 07:05 pm
ES levels updated - still in buy the dip mode until we see a shift in structure. Needless to say, remain prudent
ES nice bounce off 4952
Posted by steve on 22nd of Feb 2024 at 09:49 am
ES nice bounce off 4952
Nice bounce from support zone
Posted by steve on 21st of Feb 2024 at 03:35 pm
Nice bounce from support zone
ES tagged 4987 and then
Posted by steve on 21st of Feb 2024 at 12:07 pm
ES tagged 4987 and then faded
ES below 4972 (today's low)
Posted by steve on 21st of Feb 2024 at 10:50 am
ES below 4972 (today's low) next zone 4966/58 (many on sidelines today ahead of news so very thin) upside levels 4987/93
Yesterday after the close, ES
Posted by steve on 21st of Feb 2024 at 09:06 am
Yesterday after the close, ES retraced into resistance posted (4992/5000) and retraced down to initial target zone 4970 (overnight low 4972.50) where dip buyers were willing to purchase. Now they need to build higher to sustain.
Plenty of news on the docket for today with NVDA the big driver after the close.
ES 4991/88 achieved
Posted by steve on 20th of Feb 2024 at 09:42 am
ES 4991/88 achieved
Yesterday ES bounced to initial
Posted by steve on 20th of Feb 2024 at 09:27 am
Yesterday ES bounced to initial range 5029 where it stalled and then reversed down to 4998 zone
ES Support 5030 (testing now)
Posted by steve on 16th of Feb 2024 at 08:51 am
ES Support 5030 (testing now)
Bounced directly off support (where
Posted by steve on 16th of Feb 2024 at 08:59 am
Bounced directly off support (where liquidity resided) - no change in structure
OPEX - I'll let others blow up then let dust settle
ES reached near 5053 level
Posted by steve on 15th of Feb 2024 at 05:23 pm
ES reached near 5053 level - protect
Thus far ES stalled near
Posted by steve on 15th of Feb 2024 at 08:51 am
Thus far ES stalled near 5030
ES 5005 level last night
Posted by steve on 14th of Feb 2024 at 11:22 am
ES 5005 level last night was a good general level
ES watching 4976 pivot into
Posted by steve on 13th of Feb 2024 at 05:34 pm
ES watching 4976 pivot into tomorrow (IB session)
ES bounced out of final
Posted by steve on 13th of Feb 2024 at 03:45 pm
ES bounced out of final zone
VIX flush
ES 4959-64 resistance
Posted by steve on 13th of Feb 2024 at 03:51 pm
ES 4959-64 resistance
ES above 4983 and 4992
Posted by steve on 13th of Feb 2024 at 10:44 am
ES above 4983 and 4992 (big level)
On the bounce ES was
Posted by steve on 13th of Feb 2024 at 02:12 pm
On the bounce ES was unable to clear 4992 (big level posted) and faded back (internals suggested as much)
ES support 5047/48 then 5040
Posted by steve on 12th of Feb 2024 at 01:47 pm
ES support 5047/48 then 5040
5018 achieved
Posted by steve on 7th of Feb 2024 at 01:31 pm
5018 achieved
For those wondering, the all
Posted by steve on 7th of Feb 2024 at 10:59 am
For those wondering, the all time high on ES was 5028.25 (target)
ES first zone reached from
Posted by steve on 6th of Feb 2024 at 09:37 am
ES first zone reached from support
ES overhead levels now 4843/49
Posted by steve on 19th of Jan 2024 at 11:52 am
ES overhead levels now 4843/49 and 4857/60
ES reached first zone posted
Posted by steve on 19th of Jan 2024 at 12:46 pm
ES reached first zone posted below - main zone is next around 55/60
Closing in on that main
Posted by steve on 19th of Jan 2024 at 01:16 pm
Closing in on that main zone
Achieved
Posted by steve on 19th of Jan 2024 at 01:17 pm
Achieved
ES bounced near important support
Posted by steve on 19th of Jan 2024 at 11:10 am
ES bounced near important support posted pre-market (4816-4808 was demand zone) - I had posted 4810 as rough guide
Note: On ES equal highs
Posted by steve on 19th of Jan 2024 at 11:16 am
Note: On ES equal highs above from late December and early January around 4841s
ES overnight high 4835.75 bulls
Posted by steve on 19th of Jan 2024 at 07:45 am
ES overnight high 4835.75 bulls want to hold above 4810/03 on any pullback
ES held 4769/66 range and
Posted by steve on 18th of Jan 2024 at 02:14 pm
ES held 4769/66 range and bounced nicely
ES stabilized at 4772/75 area
Posted by steve on 11th of Jan 2024 at 12:34 pm
ES stabilized at 4772/75 area - next up Bond auction so buckle up as this could sent it
ES tagging lower levels -
Posted by steve on 11th of Jan 2024 at 11:19 am
ES tagging lower levels - one by one
ES did reach first zone
Posted by steve on 11th of Jan 2024 at 08:28 am
ES did reach first zone overnight
ES has reached the lower
Posted by steve on 8th of Jan 2024 at 12:02 pm
ES has reached the lower end of today's main zone 4765/73 (PROTECT)
ES support around 4690/4700
Posted by steve on 5th of Jan 2024 at 08:44 am
ES support around 4690/4700
ES
Posted by steve on 5th of Jan 2024 at 08:54 am
Good bounce off support zone - 4727/29 then 4736/40
ES bounced up into first
Posted by steve on 5th of Jan 2024 at 04:10 am
ES bounced up into first zone 4636/38 (failed) and now targeting lower zones (4720/17) is first target
Nice levels overnight
Posted by steve on 5th of Jan 2024 at 08:36 am
Nice levels overnight
ES
Posted by steve on 3rd of Jan 2024 at 01:06 pm
Prior Support (4767/72) now resistance
Yes indeed as you can
Posted by steve on 3rd of Jan 2024 at 03:07 pm
Yes indeed as you can see the price action
ES 20 points on 4772
Posted by steve on 3rd of Jan 2024 at 03:15 pm
ES 20 points on 4772 rejection
4756 achieved (4756/50 zone) -
Posted by steve on 3rd of Jan 2024 at 09:58 am
4756 achieved (4756/50 zone) - if lost then 4744/37 zone
ES rallied (tested) prior support
Posted by steve on 2nd of Jan 2024 at 08:39 am
ES rallied (tested) prior support turned resistance overnight at 4828 which was faded
ES bouncing from 4828 support
Posted by steve on 29th of Dec 2023 at 09:37 am
ES bouncing from 4828 support
ES there are definitely sellers
Posted by steve on 27th of Dec 2023 at 02:08 pm
ES there are definitely sellers above 4830
ES 4830/34 strong resistance zone
Posted by steve on 27th of Dec 2023 at 11:02 am
ES 4830/34 strong resistance zone
ES Overhead 4756/60 (reclaims and
Posted by steve on 20th of Dec 2023 at 07:52 pm
ES Overhead 4756/60 (reclaims and holds) then 4768/72 4783/89 4798
Support 4740/36 4727/20 4716 4708/05 4693
ES 4783 achieved (big level
Posted by steve on 21st of Dec 2023 at 08:38 am
ES 4783 achieved (big level around 4790) Pullback could have been larger Wave 4 (or part of Wave 4)
4790ish big level indeed (some
Posted by steve on 21st of Dec 2023 at 10:28 am
4790ish big level indeed (some reactions around that number)
Below 4756/60 big support level
Nice levels today - nothing
Posted by steve on 21st of Dec 2023 at 05:18 pm
Nice levels today - nothing really as clear for tomorrow will update but bulls remain in control with SPX target new highs
wow iren nice one Matt!
Posted by morton7 on 21st of Dec 2023 at 11:06 am
wow iren nice one Matt!
ES
Posted by steve on 21st of Dec 2023 at 01:18 am
4768 achieved
I updated those ES sticky
Posted by matt on 14th of Dec 2023 at 10:17 pm
I updated those ES sticky levels
Overnight ES came up to
Posted by steve on 8th of Dec 2023 at 08:07 am
Overnight ES came up to 4594 (resistance) and currently trading around 4580
ES achieved 3rd zone today
Posted by steve on 7th of Dec 2023 at 10:47 am
ES achieved 3rd zone today at 4588ish - trim and trail
ES 4576 next level achieved
Posted by steve on 7th of Dec 2023 at 09:27 am
ES 4576 next level achieved
ES held support near 4550
Posted by steve on 7th of Dec 2023 at 08:44 am
ES held support near 4550 and has achieved first target from last night newsletter at 4566
Very nice gains to start the day
ES 4603/10 upside target on
Posted by steve on 5th of Dec 2023 at 07:54 pm
ES 4603/10 upside target on range break with first zone at 4588/91.
ES overnight high was 4590.25.
Posted by steve on 6th of Dec 2023 at 08:22 am
ES overnight high was 4590.25. See range post after close prior to the weak ADP which is causing a lift currently
4597/4600 next zone Only a close
Posted by steve on 6th of Dec 2023 at 08:59 am
4597/4600 next zone
Only a close back below 4580 would pressure (prior resistance)
Quick 10 points from that
Posted by steve on 6th of Dec 2023 at 09:36 am
Quick 10 points from that zone
ES achieved 90/94 trim and
Posted by steve on 1st of Dec 2023 at 11:47 am
ES achieved 90/94 trim and trail
ES bouncing near initial support
Posted by steve on 29th of Nov 2023 at 10:51 am
ES bouncing near initial support
ES has moved up as
Posted by steve on 29th of Nov 2023 at 09:06 am
ES has moved up as expected (see yesterday's comments) and has achieved the first zone by reaching 4590 with the next zone just above 4600 as the main target mentioned yesterday.
Primary upside target for ES
Posted by steve on 28th of Nov 2023 at 10:54 am
Primary upside target for ES is 4607 IF can hold support (small dips continue to be bought)
The last pop was from Fedspeak (Waller) so have to see how it digests
ES tags 4535
Posted by steve on 17th of Nov 2023 at 05:05 am
ES tags 4535
ES getting a pullback from
Posted by steve on 14th of Nov 2023 at 03:54 pm
ES getting a pullback from that final zone (4524)
Some pairing ahead of PPI
Posted by steve on 14th of Nov 2023 at 03:59 pm
Some pairing ahead of PPI
ES initial support now 4366
Posted by steve on 10th of Nov 2023 at 10:45 am
ES initial support now 4366 then 4355 below
Nice bounce off ES support
Posted by steve on 10th of Nov 2023 at 11:06 am
Nice bounce off ES support
ES bounced near 4375
Posted by steve on 9th of Nov 2023 at 01:24 pm
ES bounced near 4375
ES pulled back to 4384/88
Posted by steve on 7th of Nov 2023 at 01:50 pm
ES pulled back to 4384/88 (support created on upside break) and has since bounced. Respect the trend until evidence changes.
ES continuing to flag out
Posted by steve on 7th of Nov 2023 at 08:48 am
ES continuing to flag out following last week's big move
ES support is now 4366/69
Posted by steve on 3rd of Nov 2023 at 12:46 pm
ES support is now 4366/69
ES Testing 4356/58 currently -
Posted by steve on 3rd of Nov 2023 at 08:48 am
ES Testing 4356/58 currently - fails to clear good spot to hedge if clears then 4366/73 - support is 4335ish
There is a wick on
Posted by steve on 3rd of Nov 2023 at 09:13 am
There is a wick on ES at 4366.50 if they want liquidity and broken upward channel backtest around 4370
ES Support now 4224/12 then
Posted by steve on 1st of Nov 2023 at 12:46 pm
ES Support now 4224/12 then 4194/81 and 4168/58 then open gap at 4138ish
Holding initial zone can retest 4248 then 4258/62 then 4278/90
Holding initial zone can retest
Posted by steve on 1st of Nov 2023 at 02:32 pm
Holding initial zone can retest 4248 then 4258/62 then 4278/90
Okay that worked nicely - trail up now
4278 on ES achieved. 4290/96
Posted by steve on 2nd of Nov 2023 at 08:03 am
4278 on ES achieved. 4290/96 above
ES 4290/96 reached
Posted by steve on 2nd of Nov 2023 at 08:43 am
ES 4290/96 reached
ES 4260 achieved
Posted by steve on 1st of Nov 2023 at 03:13 pm
ES 4260 achieved
JP - make it rain
Posted by steve on 1st of Nov 2023 at 02:45 pm
JP - make it rain baby from my supply zone
QQQ divergent high intraday on that last pop (just taking the trades)
Please realize this can still
Posted by steve on 1st of Nov 2023 at 02:47 pm
Please realize this can still squeeze higher IF support zone holds
Timely
Posted by steve on 1st of Nov 2023 at 03:04 pm
Timely
20+ point bounce off support
Posted by steve on 1st of Nov 2023 at 02:57 pm
20+ point bounce off support thus far - was weary of too many double top shorters
Maybe squeeze a few CTAs
Posted by steve on 1st of Nov 2023 at 03:00 pm
Maybe squeeze a few CTAs
Next ES zone 4243/47 Anyone who
Posted by steve on 1st of Nov 2023 at 10:24 am
Next ES zone 4243/47
Anyone who missed the Treasury issuance news (see below)
ES bounced near initial support
Posted by steve on 1st of Nov 2023 at 08:34 am
ES bounced near initial support (4190) Low was 4191.50 - rebounded on the Treasury issuance schedule
Early reaction: "US Yields Fall
Posted by steve on 1st of Nov 2023 at 08:42 am
Early reaction: "US Yields Fall on Treasury Refunding Announcement" Bloomberg
The outlook for Treasury issuance
Posted by steve on 1st of Nov 2023 at 10:03 am
The outlook for Treasury issuance has provided a change in sentiment amongst liquidity traders for sure - you can see the reaction in the markets
Increased Bill issuance vs Bonds/Notes should bring more money out of RRP into equities
ES supports 4180 and 4153
Posted by steve on 30th of Oct 2023 at 03:54 pm
ES supports 4180 and 4153 above 4205 4225
ES back to 4153
Posted by steve on 30th of Oct 2023 at 10:45 am
ES back to 4153
Quick 12 point bounce -
Posted by steve on 30th of Oct 2023 at 10:54 am
Quick 12 point bounce - too quick to type this stuff. Going to refrain and focus on my trading
ES came down to initial
Posted by steve on 27th of Oct 2023 at 10:15 am
ES came down to initial support zone and popped 18 points - so thin and fast and best to lock down immediately for you scalpers. Very difficult to play unless plan in place and dead focused which is difficult for me trying to post here. I'm going to refrain from squiggles and wait for some structure to align but you can see the validity of key zones.
By the way, the same
Posted by steve on 27th of Oct 2023 at 10:30 am
By the way, the same comments apply to many stocks like TSLA - just look at those 5 minute candles - who can trade that shit? No reason to force trades.
yep exactly. If you have
Posted by matt on 27th of Oct 2023 at 10:50 am
yep exactly. If you have a scalp system where you have defined strategy fine that is structured then great go for it. For swings, gotta be very picky - the one new long I put out on Wednesday DGX was a great trade - but I only added 1 idea, kept it very simple
ES filled gap and bounced
Posted by steve on 27th of Oct 2023 at 08:33 am
ES filled gap and bounced
ES 4190 reached - lock
Posted by steve on 26th of Oct 2023 at 03:06 pm
ES 4190 reached - lock in partials at least
20 point fade - on
Posted by steve on 26th of Oct 2023 at 03:30 pm
20 point fade - on countertrend move you must PROTECT
30 point fade now. On
Posted by DigiNomad on 26th of Oct 2023 at 03:39 pm
30 point fade now. On the 61.8. Make that through the 61.8
Timely
Posted by steve on 26th of Oct 2023 at 03:11 pm
Timely
Quick 30 points from 4205
Posted by steve on 26th of Oct 2023 at 10:03 am
Quick 30 points from 4205
ES Supply Zone 4241-4290 (
Posted by steve on 26th of Oct 2023 at 09:10 am
ES Supply Zone 4241-4290 ( big zone to note - there are smaller resistance levels along the way)
ES resistance to clear is
Posted by steve on 25th of Oct 2023 at 11:11 am
ES resistance to clear is 4245/50
Failed and thus back down
Posted by steve on 25th of Oct 2023 at 12:17 pm
Failed and thus back down to test lows (undercut)
ES lost 4345 support (was
Posted by steve on 25th of Oct 2023 at 10:00 am
ES lost 4345 support (was tested several times) and has achieved first target range around 4230
The big target for ES
Posted by steve on 24th of Oct 2023 at 02:40 pm
The big target for ES is 4300+/- but ES must hold recent lows 4243
ES 4274 achieved - resistance
Posted by steve on 24th of Oct 2023 at 10:11 am
ES 4274 achieved - resistance to overcome now
ES 4274/75 is a big
Posted by steve on 24th of Oct 2023 at 10:20 am
ES 4274/75 is a big level (stalled at that level) with ES 4250 area below support
ES next level 4282 (above
Posted by steve on 24th of Oct 2023 at 10:30 am
ES next level 4282 (above by noon would be constructive for further squeeze)
Further squeeze evaporating...?
Posted by shellson2 on 24th of Oct 2023 at 12:17 pm
Further squeeze evaporating...?
This is not an easy
Posted by steve on 24th of Oct 2023 at 10:21 am
This is not an easy market so PROTECT and LOCK DOWN gains - no reason to be greedy with entire position - can keep a runner but always protect with trailing stops
Hope you heeded that advice
Posted by steve on 24th of Oct 2023 at 12:18 pm
Hope you heeded that advice
did, thx
Posted by shellson2 on 24th of Oct 2023 at 12:23 pm
did, thx
I updated the sticky ES
Posted by matt on 20th of Oct 2023 at 09:20 am
I updated the sticky ES levels
I also updated the Tradingview Chart. Remember ES levels are on the right, SPX TICK levels on the left
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!
4360s zone reached - nice
Posted by steve on 19th of Oct 2023 at 12:06 pm
4360s zone reached - nice pop on JP - PROTECT
Hell just froze over...Steve Leisman
Posted by DigiNomad on 19th of Oct 2023 at 12:14 pm
Hell just froze over...Steve Leisman gave an almost hawkish interpretation of JP's prepared remarks.
ES reached 4320 and bounced
Posted by steve on 19th of Oct 2023 at 09:12 am
ES reached 4320 and bounced 30 points thus far with 4355/63 next zone above
Support 4328 if lost 4317/14 and 4302 on the table
ES bigger level around 4340
Posted by steve on 18th of Oct 2023 at 02:51 pm
ES bigger level around 4340 +/-
Close enough for gov't work
Posted by steve on 18th of Oct 2023 at 03:31 pm
Close enough for gov't work
Is there a simple way
Posted by DigiNomad on 18th of Oct 2023 at 03:00 pm
Is there a simple way to convert ES to SPX (without pulling up an ES chart) or is it like trying to convert celsius to fahrenheit in your head?
Digi - you should be
Posted by steve on 18th of Oct 2023 at 03:09 pm
Digi - you should be able to put up on your screen to monitor without looking at a chart - any broker can supply such quote
I have access through at
Posted by DigiNomad on 18th of Oct 2023 at 03:12 pm
I have access through at least 3 or 4 platforms I use, but I don't track it any more because I try to keep my screen de cluttered / focused and it's not a product I trade. I should probably at least add it to a watchlist again so I can refer to your levels.
Currently SPX 27 points lower
Posted by steve on 18th of Oct 2023 at 03:04 pm
Currently SPX 27 points lower - that gap will shrink into expiration
ES tags first target -
Posted by steve on 18th of Oct 2023 at 10:25 am
ES tags first target - brutal action here of late
taking escalator down now
Posted by shellson2 on 18th of Oct 2023 at 10:30 am
taking escalator down now
4366 support on ES -
Posted by steve on 18th of Oct 2023 at 10:14 am
4366 support on ES - bulls want to hold.
ES support 4387/90 - attempting
Posted by steve on 17th of Oct 2023 at 02:13 pm
ES support 4387/90 - attempting to bounce
IF lost 4377/72
ES reached next target zone
Posted by steve on 17th of Oct 2023 at 12:37 pm
ES reached next target zone around 4422 trail
Steve, education question for you
Posted by DK on 17th of Oct 2023 at 01:08 pm
Steve, education question for you and Matt. So far they have come up short filling the gap on the SPX at 4400ish, but if and when they do fill it and perhaps run it higher, is this what you refer to as creating liquidity? Trying to learn here! Thx,
They ran the equal highs
Posted by steve on 17th of Oct 2023 at 01:23 pm
They ran the equal highs on the SPX earlier (that's what I see creating liquidity and soon after your get a pullback). The break takes out stops and gets some traders to chase setting the trap and then reverse. Down 20+ points since
Thanks as always Steve!
Posted by DK on 17th of Oct 2023 at 01:39 pm
Thanks as always Steve!
Now 30+ points for that
Posted by steve on 17th of Oct 2023 at 01:53 pm
Now 30+ points for that Bull trap (divergent high). It's a hit and run market of late - for swings have to ride through the chop add weakness with stops
ES support 4397/93 topside 4408
Posted by steve on 16th of Oct 2023 at 02:02 pm
ES support 4397/93 topside 4408 4416/20 and 4428
ES lost 4393 targets below
Posted by steve on 17th of Oct 2023 at 08:39 am
ES lost 4393 targets below 4377 4370/65 bulls will need to reclaim 4393
ES Trade Shorts
Posted by steve on 17th of Oct 2023 at 09:42 am
Two targets achieved on ES - bulls need to hold 4365/62 now breaks the 4352/47 and 4342/36 below
Target above on holding support is 4383/90 4398/4407
Just to be clear on
Posted by steve on 17th of Oct 2023 at 09:59 am
Just to be clear on ES this is testing the zone where ES blasted off yesterday (key zone)
50 points after the successful
Posted by steve on 17th of Oct 2023 at 11:52 am
50 points after the successful backtest of the key zone (yesterday's breakout area around 4365).
Nearly a 20 point bounce
Posted by steve on 17th of Oct 2023 at 10:13 am
Nearly a 20 point bounce out of the highlighted zone
thx Steve
Posted by matt on 17th of Oct 2023 at 10:01 am
thx Steve
nice rebound from the zone
Posted by matt on 17th of Oct 2023 at 10:35 am
nice rebound from the zone Steve mentioned below
ES 4407 reached
Posted by steve on 13th of Oct 2023 at 09:58 am
ES 4407 reached
ES support now 4493/80 (previous
Posted by steve on 13th of Oct 2023 at 09:55 am
ES support now 4493/80 (previous resistance now support)
ES lost support and down
Posted by steve on 13th of Oct 2023 at 10:53 am
ES lost support and down she goes - nice reaction from SUPPLY ZONES
on this ride down
Posted by srusso1 on 13th of Oct 2023 at 10:54 am
on this ride down
Nearly perfect bounce off support
Posted by steve on 13th of Oct 2023 at 08:41 am
Nearly perfect bounce off support for ES - trailing up now
ES got the pullback last
Posted by steve on 13th of Oct 2023 at 08:57 am
ES got the pullback last night I was hoping for and riding this bounce along with GC (took some down here)
Steve how do keep
Posted by rbreese on 13th of Oct 2023 at 08:46 am
Steve how do keep up with your crazy hours of posting at 2 30a.m. and again 5 hours later?
I literally collapsed yesterday afternoon
Posted by steve on 13th of Oct 2023 at 08:52 am
I literally collapsed yesterday afternoon - working 18+ hours a day at 60 years old not good
get some rest Steve!
Posted by morton7 on 13th of Oct 2023 at 08:57 am
get some rest Steve!
Expecting a test of supply
Posted by steve on 13th of Oct 2023 at 08:43 am
Expecting a test of supply - unless takes out highs then look for a pulback from supply zone. Level to level here
Steve just to confirm, the
Posted by DK on 13th of Oct 2023 at 08:49 am
Steve just to confirm, the supply you're talking about for the SPX is shown on your 30 minute chart from last night starting around 4365?
Yes - ES up 25+
Posted by steve on 13th of Oct 2023 at 08:53 am
Yes - ES up 25+ points from support so trail up - just because it moves into supply is not a reason to short without a valid trigger (it's just a zone that bulls need to overcome)
Steve, grateful for all your
Posted by DK on 13th of Oct 2023 at 09:15 am
Steve, grateful for all your guidance and for always answering my questions.
ES retraced approximately .382 (4358)
Posted by steve on 12th of Oct 2023 at 03:24 pm
ES retraced approximately .382 (4358) of Wave 2-3 (normal)
50% is 4336 (below that number then this count becomes questionable)
ES hurdle is 4380/83
Posted by steve on 12th of Oct 2023 at 03:20 pm
ES hurdle is 4380/83
Note: ES Levels Updated
Posted by steve on 12th of Oct 2023 at 01:59 pm
Note: ES Levels Updated
ES 4366 next level
Posted by steve on 12th of Oct 2023 at 01:51 pm
ES 4366 next level
Achieved
Posted by steve on 12th of Oct 2023 at 02:03 pm
Achieved
ES resistance now 4420/22 (will
Posted by steve on 12th of Oct 2023 at 09:26 am
ES resistance now 4420/22 (will need to reclaim and build or be weary of failed move today). Was a nice sale early today as posted pre-market. Wave 4s are not easy to trade.
I was on watch for
Posted by steve on 12th of Oct 2023 at 01:23 pm
I was on watch for a failed move as posted earlier - notice the false break on the SPX 4385.85 vs 4385.46 (they trap the late buyers providing liquidity)
See my comments from earlier on the false break AND resistance levels (click next to the arrow for the stream)
ES reached next target zone
Posted by steve on 12th of Oct 2023 at 07:25 am
ES reached next target zone overnight (made a higher high and now we have 5 higher subwaves for larger wave 3 in toe so on watch for a wave 4 pullback under the view posted yesterday). Let's see what CPI has in store
ES 20+ points on that
Posted by steve on 12th of Oct 2023 at 08:42 am
ES 20+ points on that pullback
Steve despite the higher than
Posted by DK on 12th of Oct 2023 at 08:55 am
Steve despite the higher than expected CPI and the 20 point sell-off in ES immediately thereafter which has already started to recover, it feels like they want to push SPX to close the gap up at 4400ish in the regular session. Are you going to be on the lookout for some kind of reversal when if and we get up to that level?
Yes watch yields for reversal
Posted by steve on 12th of Oct 2023 at 09:15 am
Yes watch yields for reversal intraday to see if the bounce commences - won't worry about anything else for now
ES from 4377 to 4418
Posted by steve on 11th of Oct 2023 at 04:44 pm
ES from 4377 to 4418
Next target zone on ES
Posted by steve on 9th of Oct 2023 at 12:20 pm
Next target zone on ES 4347/51
ES achieved 4347/51 zone
Posted by steve on 9th of Oct 2023 at 01:36 pm
ES achieved 4347/51 zone
ES bounced near 4310 and
Posted by steve on 9th of Oct 2023 at 09:26 am
ES bounced near 4310 and reached initial target 4322 - thinner market today with Bond market closed
ES Support now 4255/50
Posted by steve on 6th of Oct 2023 at 09:26 am
ES Support now 4255/50
Just getting my blood work
Posted by steve on 6th of Oct 2023 at 11:53 am
Just getting my blood work done - see that ES moved 70 points off that support level (that was the low on the initial pullback). Big time squeeze - well done fellas
see my posts below
Posted by matt on 6th of Oct 2023 at 11:55 am
see my posts below
ES bounced off support -
Posted by steve on 6th of Oct 2023 at 09:47 am
ES bounced off support - I have an appointment this morning so will be out for awhile - best wishes to all
ES Bulls want to hold
Posted by steve on 4th of Oct 2023 at 10:15 am
ES Bulls want to hold 4256/50 support for Upside
ES held support and nice
Posted by steve on 4th of Oct 2023 at 10:35 am
ES held support and nice bounce
will look for higher low
Posted by srusso1 on 4th of Oct 2023 at 10:46 am
will look for higher low now. SPX
ES has a 3 year
Posted by steve on 3rd of Oct 2023 at 11:47 am
ES has a 3 year high volume node around 4190-4220 (mentioned this to Matt last week). That is often a good target
ES Several Target Zones Achieved
Posted by steve on 3rd of Oct 2023 at 11:19 am
ES Several Target Zones Achieved
ES resistance zone 4308-20 broadly
Posted by steve on 3rd of Oct 2023 at 09:47 am
ES resistance zone 4308-20 broadly speaking
Unable to clear ES resistance
Posted by steve on 3rd of Oct 2023 at 10:07 am
Unable to clear ES resistance zone and plunged
ES reached first zone overhead
Posted by steve on 2nd of Oct 2023 at 11:28 am
ES reached first zone overhead
ES quick 12+ point pullback
Posted by steve on 2nd of Oct 2023 at 11:38 am
ES quick 12+ point pullback from that zone
Make that 30+ points
Posted by steve on 2nd of Oct 2023 at 11:57 am
Make that 30+ points
nice job!
Posted by matt on 2nd of Oct 2023 at 11:46 am
nice job!
ES Tested 4315 bulls will
Posted by steve on 2nd of Oct 2023 at 08:12 am
ES Tested 4315 bulls will need to reclaim 4322 for starters
This aligns with 4315 ES
Posted by steve on 29th of Sep 2023 at 01:30 pm
This aligns with 4315 ES
ES Support now 4352/47 and
Posted by steve on 29th of Sep 2023 at 10:44 am
ES Support now 4352/47 and 4342
ES support now shifts to
Posted by steve on 28th of Sep 2023 at 01:04 pm
ES support now shifts to 4338/35 and 4322/18
Overhead 4365/75
ES reached initial zone
Posted by steve on 29th of Sep 2023 at 09:09 am
ES reached initial zone
Next zone is 4330/35 (huge
Posted by steve on 27th of Sep 2023 at 03:08 pm
Next zone is 4330/35 (huge squeeze) then 4345/58 4375
Can you trust this squeeze
Posted by marcorab on 27th of Sep 2023 at 03:13 pm
Can you trust this squeeze when $TNX is still at the highs ?
ES bounced off 4377
Posted by steve on 27th of Sep 2023 at 02:29 pm
ES bounced off 4377
ES fighting hard to hold
Posted by steve on 27th of Sep 2023 at 11:57 am
ES fighting hard to hold its 200 MA (several tests now) - bears remain in control after rejection from supply zone posted earlier
ES 4305.50 yesterday low -
Posted by steve on 27th of Sep 2023 at 10:54 am
ES 4305.50 yesterday low - keep close watch on the VIX
ES bounced near 4315 (high
Posted by steve on 27th of Sep 2023 at 10:24 am
ES bounced near 4315 (high volume node from yesterday)
ES testing initial resistance zone
Posted by steve on 27th of Sep 2023 at 05:06 am
ES testing initial resistance zone
ES 200 day as posted
Posted by steve on 26th of Sep 2023 at 01:44 pm
ES 200 day as posted is 4302
ES tagged 4322 now resistance
Posted by steve on 26th of Sep 2023 at 01:17 pm
ES tagged 4322 now resistance 4335/38 then 4347/53
Support 4325
ES rejected that zone 4335/38
Posted by steve on 26th of Sep 2023 at 01:39 pm
ES rejected that zone 4335/38
ES Sunday Night's low 4338ish
Posted by steve on 26th of Sep 2023 at 09:58 am
ES Sunday Night's low 4338ish
ES big level around 4330/35
Posted by steve on 25th of Sep 2023 at 11:52 am
ES big level around 4330/35 held today
ES below 4375 opens up
Posted by steve on 22nd of Sep 2023 at 09:52 am
ES below 4375 opens up for 4363 4355/47 - bulls need to reclaim 4385 for a test of 4400 area
ES held and bounced from
Posted by steve on 22nd of Sep 2023 at 08:25 am
ES held and bounced from the initial support level posted in newsletter yesterday afternoon with BOJ making no changes on their loose policy
4368 tagged
Posted by steve on 21st of Sep 2023 at 04:09 pm
4368 tagged
One thing - until a
Posted by steve on 21st of Sep 2023 at 11:16 am
One thing - until a previous support-/resistance level is reclaimed be wary of bounces being sold.
I adjusted the ES levels
Posted by matt on 20th of Sep 2023 at 09:28 am
I adjusted the ES levels on the TradingView Chart - on the right
TICK levels are on the left of course
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 levels updated to reflect
Posted by steve on 19th of Sep 2023 at 11:58 am
ES levels updated to reflect action thus far on Tuesday - Around 1:30 am my time ES reached the first zone 4508/12 and I posted as such.
With QQQ into fresh demand not interested in chasing new shorts (trail down on existing) = ES bounce levels above if price can hold 4462
Timely
Posted by steve on 19th of Sep 2023 at 01:47 pm
Timely
NQ
Posted by steve on 18th of Sep 2023 at 09:35 am
NQ demand zone 15,341-15,246
NQ popped off demand zone
Posted by steve on 18th of Sep 2023 at 10:35 am
NQ popped off demand zone early and broke small time frame structure so now new demand zone 15,375=15,340
Above 15,445 may lead to further squeeze direct with resistance at 15,435/15,443
NQ nearly 60 points now
Posted by steve on 18th of Sep 2023 at 11:25 am
NQ nearly 60 points now on the bounce
NQ 80 points from Demand
Posted by steve on 18th of Sep 2023 at 11:55 am
NQ 80 points from Demand Zone - not bad in this chop
Also note the VIX intraday
Posted by steve on 18th of Sep 2023 at 11:58 am
Also note the VIX intraday after today's gap higher open - smash down from opening 15 minute candle
Quick pop on NQ (QQQ
Posted by steve on 18th of Sep 2023 at 10:57 am
Quick pop on NQ (QQQ calls) - choppy action so lock down some gains and trail if partaking (nothing easy in chop)
Steve, the demand zone you
Posted by DK on 18th of Sep 2023 at 10:54 am
Steve, the demand zone you showed in the newsletter for the Qs is much much lower than their current price which means that if they were to get down there, NQ would probably have to get far below the current demand zone you list above15375-15340. How do we reconcile that?
Answer: The QQQ shows Daily Demand zone - I'm simply trading intraday zones but more credence on the Daily for sure
What I post here is
Posted by steve on 18th of Sep 2023 at 10:57 am
What I post here is updated based upon recent price action - focus on such levels for intraday. I replied directly to your post - added below your question that Daily is more important but simply playing intraday for trade. Note the 30 minute QQQ chart as well from weekend.
NQ quick fade off resistance
Posted by steve on 18th of Sep 2023 at 10:50 am
NQ quick fade off resistance now into support but extremely choppy today so position small and remain nimble IF attempting to play
Most overseas markets lower overnight
Posted by steve on 18th of Sep 2023 at 08:21 am
Most overseas markets lower overnight with DAX/CAC down approximately 1 percent.
ES traded in low 4500s until losing initial support 4497 and falling down to next level 4487
ES already down 20+ points
Posted by steve on 15th of Sep 2023 at 09:26 am
ES already down 20+ points from cited level
Now 30 points on ES
Posted by steve on 15th of Sep 2023 at 09:38 am
Now 30 points on ES (trim and trail)
Make that 50+ points (nasty
Posted by steve on 15th of Sep 2023 at 11:00 am
Make that 50+ points (nasty reversal but we were prepared with supply)
very nice!
Posted by matt on 15th of Sep 2023 at 09:40 am
very nice!
ES support 4548 4542/40
Posted by steve on 14th of Sep 2023 at 02:48 pm
ES support 4548 4542/40
ES 4556 achieved
Posted by steve on 14th of Sep 2023 at 12:22 pm
ES 4556 achieved
ES reached next zone 4549
Posted by steve on 14th of Sep 2023 at 11:03 am
ES reached next zone 4549
ES Overnight support 4505/97 with
Posted by steve on 12th of Sep 2023 at 05:30 pm
ES Overnight support 4505/97 with initial resistance 4516
ES pullback from initial resistance
Posted by steve on 11th of Sep 2023 at 09:46 am
ES pullback from initial resistance zone
ES 4476 achieved
Posted by steve on 8th of Sep 2023 at 10:32 am
ES 4476 achieved
ES 4465/66 tagged
Posted by steve on 8th of Sep 2023 at 09:37 am
ES 4465/66 tagged
ES Support 4448 and 4440
Posted by steve on 7th of Sep 2023 at 03:23 pm
ES Support 4448 and 4440 with levels above 4473/74 4485/90
Closed my shorts into this
Posted by steve on 6th of Sep 2023 at 01:09 pm
Closed my shorts into this support
ES 4448/43 and NQ 15137/307 bounce zones
ES reached next zone 4553/48
Posted by steve on 6th of Sep 2023 at 12:52 pm
ES reached next zone 4553/48 resistance now 4566
ES Bounce stalling near level
Posted by steve on 6th of Sep 2023 at 02:05 pm
ES Bounce stalling near level posted - continue to monitor
Once ES lost Key support
Posted by steve on 6th of Sep 2023 at 12:22 pm
Once ES lost Key support you can see the move (quick flush)
ES 4464/68 achieved potential bounce
Posted by steve on 6th of Sep 2023 at 10:54 am
ES 4464/68 achieved potential bounce zone
Thanks for SPX chart and
Posted by srusso1 on 6th of Sep 2023 at 10:59 am
Thanks for SPX chart and heads up.
ES Support now 4527/31
Posted by steve on 1st of Sep 2023 at 09:12 am
ES Support now 4527/31
ES Bulls held 4515 support
Posted by steve on 1st of Sep 2023 at 08:21 am
ES Bulls held 4515 support and moved up to achieve initial target zone overnight
ES 4537 achieved - will
Posted by steve on 31st of Aug 2023 at 08:23 am
ES 4537 achieved - will update levels soon
ES reached 4516.50 overnight support
Posted by steve on 30th of Aug 2023 at 08:49 am
ES reached 4516.50 overnight support zone 4497/93 and below 4487 would target 4478/70. Upside levels now 4515/23 and 4532/39
ES support below around 4490/95
Posted by steve on 29th of Aug 2023 at 06:54 pm
ES support below around 4490/95 with big support now at 4450 holding above on dips could see a retest of 4600.
Continue to monitor USD/DXY along with AAPL for guideposts
ES 4509 reached - next
Posted by steve on 29th of Aug 2023 at 03:47 pm
ES 4509 reached - next above is 4513/17
Ribbons are quite stretched on the 60/120 minute charts
ES support is now 4487
Posted by steve on 29th of Aug 2023 at 01:46 pm
ES support is now 4487
ES 4448
Posted by steve on 28th of Aug 2023 at 01:09 pm
ES 4448
ES nice bounce off 4424
Posted by steve on 28th of Aug 2023 at 01:01 pm
ES nice bounce off 4424 initial support
straight up WoW
Posted by srusso1 on 28th of Aug 2023 at 01:05 pm
straight up WoW
Tagged that 4428/33 zone and
Posted by steve on 25th of Aug 2023 at 03:03 pm
Tagged that 4428/33 zone and reversed - thin and moves quick. Many swings (scalps) today
ES 4393 achieved
Posted by steve on 25th of Aug 2023 at 04:45 am
ES 4393 achieved
For ES important support is
Posted by steve on 24th of Aug 2023 at 10:59 am
For ES important support is in the low 4400s (note the prior low)
ES Lost that zone late
Posted by steve on 24th of Aug 2023 at 05:38 pm
ES Lost that zone late day and flushed
One reason was the gamma
Posted by steve on 25th of Aug 2023 at 08:42 am
One reason was the gamma squeeze due to 0DTE put buyers (market makers hedge by shorting stocks). Saw the opposite on the buy side several times back in June/July. But this action helps explain why we don't seem to get immediate follow thru selling on such candles. Now with that said, JP on deck.
ES 4367 now support if
Posted by steve on 18th of Aug 2023 at 02:01 pm
ES 4367 now support if lost back to 4355, 4344/40
Above 4383 and 4494/97 then 4407/17
Achieved target zone 4394/97 (a
Posted by steve on 18th of Aug 2023 at 03:52 pm
Achieved target zone 4394/97 (a +1,000 Tick into that zone thus pullback)
ES formed overhead supply 4447-4467
Posted by steve on 17th of Aug 2023 at 08:48 am
ES formed overhead supply 4447-4467 and Daily Supply above is at 4484-4518
ES 4448 now resistance (reached
Posted by steve on 16th of Aug 2023 at 12:29 pm
ES 4448 now resistance (reached 4444/4438 zone) next support below around 4430
Level to level on ES
Posted by steve on 16th of Aug 2023 at 10:04 am
Level to level on ES faded 4467 then 4444 then 4467 held again
ES nearing secondary zone
Posted by steve on 16th of Aug 2023 at 08:55 am
ES nearing secondary zone
ES Support now 4479/76 with
Posted by steve on 14th of Aug 2023 at 11:20 am
ES Support now 4479/76 with next upside zone 4508/15
ES Levels updated - overnight
Posted by steve on 11th of Aug 2023 at 08:20 am
ES Levels updated - overnight ES traded within the levels provided in newsletter yesterday
ES Moved Down to the
Posted by steve on 11th of Aug 2023 at 08:38 am
ES Moved Down to the Initial Support Zone in Yesterday's Newsletter (4475/70)
ES 4493 now resistance
Posted by steve on 10th of Aug 2023 at 02:35 pm
ES 4493 now resistance
ES 4475 achieved - gave
Posted by steve on 10th of Aug 2023 at 01:58 pm
ES 4475 achieved - gave levels and plan earlier. No structure break (much more important than symmetry)
ES Levels Below 4488 (tagged)
Posted by steve on 10th of Aug 2023 at 12:36 pm
ES Levels Below 4488 (tagged) 4475/66 4453/48 4428/18
Upside Bulls want to reclaim 4509 for starters
Tested initial resistance on ES
Posted by steve on 10th of Aug 2023 at 08:34 am
Tested initial resistance on ES 4524/27
ES bouncing off 4509
Posted by steve on 9th of Aug 2023 at 10:02 am
ES bouncing off 4509
That key triangle support was
Posted by steve on 8th of Aug 2023 at 04:07 pm
That key triangle support was tested once again and held today
ES did take out a prior high today with a move above 4511
ES support now 4509
Posted by steve on 8th of Aug 2023 at 04:03 pm
ES support now 4509
For starters ES must now
Posted by steve on 8th of Aug 2023 at 10:46 am
For starters ES must now reclaim 4493 and build above - very weak
ES
Posted by steve on 8th of Aug 2023 at 08:07 am
Bulls losing support 4509, unless they can get back above 4509 and 4524/27, this opens door for more direct downside.
ES longs 4507/10 with upside
Posted by steve on 7th of Aug 2023 at 08:53 am
ES longs 4507/10 with upside targets 4520/28 4536/38
Below 4504 - look for test of 4493/88
Likely to favor an inside day
ES overnight high 4522
Posted by steve on 7th of Aug 2023 at 07:18 am
ES overnight high 4522
ES 4509 initial resistance fob
Posted by steve on 6th of Aug 2023 at 08:02 pm
ES 4509 initial resistance fob bulls to reclaim
Steve have you considered adding
Posted by mundy on 4th of Aug 2023 at 06:48 pm
Steve have you considered adding NQ, I know you did give some levels a week ago. Next question:- Have you ever looked at the weekly levels? Could they be useful for the longer term trader.
I only have so much
Posted by steve on 5th of Aug 2023 at 10:42 am
I only have so much time to review these things so I will attempt to post when I have time to review. ES will remain the focus along with the SPX and QQQ
ES Support 4524/17 then 4509
Posted by steve on 4th of Aug 2023 at 02:17 pm
ES Support 4524/17 then 4509 - gateway to new lows if lost
Very heavy selling in this
Posted by steve on 4th of Aug 2023 at 02:19 pm
Very heavy selling in this window
Steve, why is ES your
Posted by DigiNomad on 4th of Aug 2023 at 02:25 pm
Steve, why is ES your primary reference? I assume you trade futures? Do a lot of other people on here also trade ES? Just wondering because it's confusing for me as a SPX and SPY trader (those are much closer to each other in nominal terms).
It trades around the clock
Posted by steve on 4th of Aug 2023 at 02:29 pm
It trades around the clock so that's why - you can apply to the SPX
I for one virtually only
Posted by mundy on 4th of Aug 2023 at 06:46 pm
I for one virtually only trade futures because of living in New Zealand. I use ES, NQ, YM, RTY, GC and MBT.
SPX does also...it's just not
Posted by DigiNomad on 4th of Aug 2023 at 02:32 pm
SPX does also...it's just not available as easily as ES on many platforms. (I think it trades 23.5 hours per day...but I could be off on that).
It doesn't really apply well to SPX. It's a 25 point delta right now and was 30 point delta 15 minutes ago.
No it does not it
Posted by steve on 4th of Aug 2023 at 02:34 pm
No it does not it closes at 4 pm EST -currently there is a 20 point difference to SPX and ES just adjust to SPX
I make after hours trades
Posted by DigiNomad on 4th of Aug 2023 at 02:35 pm
I make after hours trades in SPX all the time. On the CBOE website they advertise it as a 24/5 product.
You make after hours trades
Posted by steve on 4th of Aug 2023 at 02:35 pm
You make after hours trades but the index closes at 4 pm. Just take my levels and adjust the the SPX (simple)
ES is the SPX futures - SPX is a cash index with regular trading hours (that' why they ring the bell)
I rarely trade SPY at
Posted by DigiNomad on 4th of Aug 2023 at 02:38 pm
I rarely trade SPY at all. Only for really small accounts.
I have been trading more
Posted by DigiNomad on 4th of Aug 2023 at 02:39 pm
I have been trading more in the overnight since I figured out the OANDA trick in Trading View (thanks for that BTW)
Yes I told you about
Posted by steve on 4th of Aug 2023 at 02:40 pm
Yes I told you about OANDA but Futures have tax benefits as well
The tax benefits are why
Posted by DigiNomad on 4th of Aug 2023 at 02:41 pm
The tax benefits are why I stick with SPX and NDX. Same as futures. 60/40 treatment.
They are ripping thru support
Posted by steve on 4th of Aug 2023 at 02:23 pm
They are ripping thru support levels - so remain cautious here
ES next potential target area
Posted by steve on 4th of Aug 2023 at 10:34 am
ES next potential target area 4555/64 if wants higher...nice bounce from support (4515/20) so trim and trail. Some resistance right around here to clear (4545)
ES into that zone I
Posted by steve on 4th of Aug 2023 at 12:48 pm
ES into that zone I posted after the pullback (40 points on the lift).. now protect profits. This has been a fantastic trading day on ES with those levels
Pretty damn clear on the
Posted by steve on 4th of Aug 2023 at 03:03 pm
Pretty damn clear on the resistance zone
Level to level trading on
Posted by steve on 4th of Aug 2023 at 01:59 pm
Level to level trading on ES - now down 20+ points from zone
ES Level Achieved
Posted by steve on 4th of Aug 2023 at 12:26 pm
Yes Sir - trail em up further
ES Hard Rejection near 4550
Posted by steve on 4th of Aug 2023 at 10:13 am
ES Hard Rejection near 4550 zone - bulls prefer to hold 4520/15
Below 4510/07 - shorts to next levels
ES 30 point rebound from
Posted by steve on 4th of Aug 2023 at 11:49 am
ES 30 point rebound from posted support
ES bounced from posted support
Posted by steve on 4th of Aug 2023 at 10:20 am
ES bounced from posted support
NYAD still ~ 2:1 positive
Posted by kevindeng0727 on 4th of Aug 2023 at 10:18 am
NYAD still ~ 2:1 positive on this pullback
ES looks poised to test
Posted by steve on 4th of Aug 2023 at 09:33 am
ES looks poised to test the 4550 area (see levels)
Notice the reaction off that
Posted by steve on 4th of Aug 2023 at 10:00 am
Notice the reaction off that ES zone
Achieved - reaching that target
Posted by steve on 4th of Aug 2023 at 09:40 am
Achieved - reaching that target zone and now let's see how it reacts
ES Damn Good Levels
Posted by steve on 4th of Aug 2023 at 09:52 am
ES Damn Good Levels
ES Support 4522/4515 upside 4530/37
Posted by steve on 4th of Aug 2023 at 08:28 am
ES Support 4522/4515 upside 4530/37 then 4449/55 clears 4566/75
Below 4507 next 4495/85
Took some gains after fading
Posted by steve on 3rd of Aug 2023 at 10:32 am
Took some gains after fading resistance - if ES loses 4505 likely to test under 4500
I wanted to see at
Posted by steve on 3rd of Aug 2023 at 10:34 am
I wanted to see at least a retest of the opening lows (after bulls failed to reclaim)...achieved with a minor new low thus far.
ES will need to reclaim
Posted by steve on 2nd of Aug 2023 at 12:19 pm
ES will need to reclaim a resistance in order to see a relief bounce/rally, now 4552. SPX/ES some positive divergence on 5 minute
This is why a wait
Posted by steve on 2nd of Aug 2023 at 03:37 pm
This is why a wait for a change of structure - ES failed to take back 4552 and made new low
The 47 day streak is broken of no 1% down days for SPX
Not yet broken Still
Posted by DigiNomad on 2nd of Aug 2023 at 03:48 pm
Not yet broken Still time to buy trillions worth of out of the money SPX calls in the next 15 minutes to float this pig back to less than a 1% loss.
ES 4560/57 then 4547 supports
Posted by steve on 2nd of Aug 2023 at 04:08 am
ES 4560/57 then 4547 supports below 4572
ES dropped down to 4572ish
Posted by steve on 1st of Aug 2023 at 06:05 pm
ES dropped down to 4572ish on the news before bouncing back to 4580ish
ES support zone held and
Posted by steve on 1st of Aug 2023 at 02:50 pm
ES support zone held and bounced twice
ES initial support 4593/90 Overnight ES
Posted by steve on 1st of Aug 2023 at 09:15 am
ES initial support 4593/90
Overnight ES reached 4620 level
ES bounced off initial support
Posted by steve on 31st of Jul 2023 at 01:09 pm
ES bounced off initial support
ES Fib Levels
Posted by steve on 28th of Jul 2023 at 08:52 am
ES 4594.25 is 50% Fib and 4604 is .618 4617.75 is .786
ES Support now 4582/84
Posted by steve on 28th of Jul 2023 at 08:43 am
ES Support now 4582/84
Agree with this lady's view
Posted by steve on 28th of Jul 2023 at 08:41 am
Agree with this lady's view on causes on the ramp in inflation
ES pulling back some but
Posted by steve on 27th of Jul 2023 at 10:09 am
ES pulling back some but support under at 4617/10
Can you please add futures
Posted by 2schnauzers on 27th of Jul 2023 at 09:30 am
Can you please add futures to the KISS tables?
I trade primarily futures /ES /NQ /CL etc. it would be great if you could add these along with the interest rate and foreign currency and agricultural. You must be generating them to display the ES daily stuff. Thanks!
again we need to finish
Posted by matt on 27th of Jul 2023 at 09:33 am
again we need to finish other projects like the automatic email for set favorites. We can add a column eventually for some select futures, or maybe I can simply add ES and NQ and YM to the the SPX, Nasdaq, and Dow table - for now I'll simply do that
I added ES, YM, NQ
Posted by matt on 27th of Jul 2023 at 09:38 am
I added ES, YM, NQ to the ETF column - should show up after the KISS tables are updated after the close
Thanks looks great, if its
Posted by 2schnauzers on 27th of Jul 2023 at 04:19 pm
Thanks looks great, if its not too much trouble RTY as well. (and in your copious free time the currencies)
I'd love KISS for like
Posted by donkeyface on 28th of Jul 2023 at 08:14 am
I'd love KISS for like 2min charts and 10min... gimme some LTFs fam. LOL. AND a day trading specific channel so you can tackle the 4 customers who day trade. LOLOL... thanks as always, this was great addition.
ES held support and now
Posted by steve on 26th of Jul 2023 at 02:42 pm
ES held support and now getting a bounce - reaching a few targets (next 4612-24 zone)
Did some news just drop
Posted by icecoldjones on 26th of Jul 2023 at 02:43 pm
Did some news just drop in that FMOC?
ES Support 4593 and 4582
Posted by steve on 25th of Jul 2023 at 05:52 pm
ES Support 4593 and 4582 Overnight
ES 4603 is pretty decent
Posted by steve on 25th of Jul 2023 at 01:37 pm
ES 4603 is pretty decent resistance so protect
ES tested and found sellers
Posted by steve on 25th of Jul 2023 at 09:15 am
ES tested and found sellers at 4093 and has pulled back about 12 points from that zone back to support around 4580ish
ES stymied at 4590/93 zone
Posted by steve on 24th of Jul 2023 at 02:48 pm
ES stymied at 4590/93 zone nice quick fade
ES approaching next level 4585/86
Posted by steve on 18th of Jul 2023 at 02:08 pm
ES approaching next level 4585/86 - simply trail up - until a support level is breached
ES 4572 clipped above 4578
Posted by steve on 18th of Jul 2023 at 11:24 am
ES 4572 clipped above 4578 then 4585
Support now 4551 and 4545
Narrow range on ES overnight
Posted by steve on 17th of Jul 2023 at 09:00 am
Narrow range on ES overnight 4527.75-4539.25
Likely to be trappy for bulls and bears if zig zag moves unfolding
ES 4520 support tested early
Posted by steve on 13th of Jul 2023 at 03:53 pm
ES 4520 support tested early today then 30 point run
ES overnight range 4411-4440 with
Posted by steve on 10th of Jul 2023 at 09:01 am
ES overnight range 4411-4440 with levels updated above.
Very nauseous this morning so need to lay down for awhile
You’ve probably addressed this before…
Posted by donkeyface on 8th of Jul 2023 at 07:34 am
You’ve probably addressed this before… how are you getting these ES levels? Is it manual or is there an indicator? Also you guys could package up your Tradingview Indicators and sell them?!? Thanks
ES support now shifts up
Posted by steve on 30th of Jun 2023 at 09:50 am
ES support now shifts up to 4460-65 and 4445
ES next level 4460-65 with
Posted by steve on 30th of Jun 2023 at 08:33 am
ES next level 4460-65 with support 4440
ES approaching 4455 Most bullish view
Posted by steve on 30th of Jun 2023 at 06:35 am
ES approaching 4455
Most bullish view is a nested 1-2
PCE at 8:30 EST
ES building energy in the
Posted by steve on 29th of Jun 2023 at 11:18 am
ES building energy in the 4400-4435 range
ES has a 60 minute
Posted by steve on 29th of Jun 2023 at 08:48 am
ES has a 60 minute wedge into supply currently to monitor
Quick 10+ points pullback
Posted by steve on 29th of Jun 2023 at 08:53 am
Quick 10+ points pullback
Now 20+ ES points from
Posted by steve on 29th of Jun 2023 at 09:16 am
Now 20+ ES points from earlier highs
ES right back to the
Posted by steve on 28th of Jun 2023 at 12:33 pm
ES right back to the pivot - nice trade
ES paused near 4431
Posted by steve on 28th of Jun 2023 at 12:21 pm
ES paused near 4431
ES tested pivot 4389 (held)
Posted by steve on 27th of Jun 2023 at 10:12 am
ES tested pivot 4389 (held) and reversed down
ES initial test of 4404
Posted by steve on 26th of Jun 2023 at 10:11 am
ES initial test of 4404 failed
Nice fade from that level
Posted by steve on 26th of Jun 2023 at 10:41 am
Nice fade from that level - big hurdle which equates to around 4263 SPX. Markets are attempting to balance after a big run
ES Faded Right Off 4404
Posted by steve on 22nd of Jun 2023 at 08:56 am
ES Faded Right Off 4404
The new Kiss STS Tables
Posted by srusso1 on 22nd of Jun 2023 at 09:12 am
The new Kiss STS Tables look great Thanks Matt, James and Steve for all your hard work
Indeed! Kudos
Posted by shellson2 on 22nd of Jun 2023 at 09:16 am
Indeed! Kudos
ES Support 4393 (tested) First
Posted by steve on 22nd of Jun 2023 at 08:05 am
ES Support 4393 (tested) First level overhead 4404 to reclaim - other levels posted
ES Support 4430 4421 4405
Posted by steve on 20th of Jun 2023 at 08:37 am
ES Support 4430 4421 4405 with 4455 and 4466 topside
ES 4462 Support for Overnight
Posted by steve on 15th of Jun 2023 at 05:07 pm
ES 4462 Support for Overnight - Big level below at 4430
ES Support 4385 with resistance
Posted by steve on 14th of Jun 2023 at 02:37 pm
ES Support 4385 with resistance 4408-4414
ES Support now 4395-43801
Posted by steve on 13th of Jun 2023 at 09:46 am
ES Support now 4395-43801
ES bounced near support level
Posted by steve on 13th of Jun 2023 at 10:38 am
ES bounced near support level posted
ES high 4415.50 (near 2nd
Posted by steve on 13th of Jun 2023 at 09:21 am
ES high 4415.50 (near 2nd level)
Maybe a gap fill and
Posted by steve on 13th of Jun 2023 at 09:23 am
Maybe a gap fill and bounce today - let's see
Resistance area here on ES
Posted by steve on 12th of Jun 2023 at 02:04 pm
Resistance area here on ES
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