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ES1! SPX500USD 2022 JULY 04 Week ES1! SPX500USD 2022 JULY 04 Week Last week market found support at 3743. Trade remains guided by channel and reaction to price levels Possible Scenarios are considered: 1) Market rotation = trade at boundary of range 2) Channel rejection / support trades 3) Behavior change scenario for long on retracement 4) Trend continuation Weekly: Ave vol down bar close below middle = weakness Daily: Ave vol up bar close at high = minor strength H4: Ave volume up bar close off high = minor weakness. Price reaction levels: Short = Test and Reject | Long = Test and Accept 4071 3950 3742 3642 3600 3540 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 JUNE 27 Week ES1! SPX500USD 2022 JUNE 27 Week Last week Scenario1 3642 + Historical Demand returned to support market. Volume analysis expressed caution as price advanced on low volume, which may be a long trap. Wait for price reaction to the possible test levels and channel resistance Possible Scenarios are considered: 1) Test of 4071-4204 = wait for price reaction 2) Channel rejection for possible short 3) Test of 3706/3800 and finds support = long Weekly: Low vol up bar close at high = caution, possible weakness + reversal pattern Daily: Low vol up bar closing at high = Caution, possible weakness H4: High vol narrowing spread up bar = caution, possible weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 3878 3800 3706 3642 3600 3540 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 JUNE 20 Week ES1! SPX500USD 2022 JUNE 20 Week Last week favored the shorts. Some demand on the weekly & H4 bar may cause a retracement for temporary long opportunity. Possible Scenarios are considered: 1) Long if 3600 /3642 is supported 2) If retracement to higher levels happen on weak volume, = short on price rejection 3) Rotation (grey box) = trade at boundary or no trade 3 Dear History repeats as demand returns Weekly: High vol down bar closing off low = demand present bar closing at low = supply remains, also exhibited commitment to lower prices. Daily: Ave vol up bar closing in middle = indecisive H4: Last 2 bar combined = UHV down bar closing above mid of bar = demand Price reaction levels: Short = Test and Reject | Long = Test and Accept 3878 3843 3723 3642 3600 3540 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! (S&P 500 Futures) and NQ1! (Nasdaq Futures) Ascending WedgeBoth the indices showing the Ascending Wedge Pattern. I would like to see the break of support around 11266.75 for NQ and 3700.00 for S&P to short but ideal entry would be on the break of the pattern + re-test of the support trendline. Targets for NQ1! - 11228.50 11165.50 111068.75 Targets for ES1! - 3700.00 3661.50 3642.00 NOTE: This pattern is forming right before OPEX (17 June 2022) / Quad Witching. Maybe this market pushes up before the volatility comes in and OPEX plays out where a decline in stocks is observed around the end of the day.
CME_MINI:ES1!Short
by ImSooCool
ES1! SPX500USD 2022 JUNE 13 Week ES1! SPX500USD 2022 JUNE 13 Week Last week a long awaited breakdown followed after Scenario1 rotation, and market tested lower level at 4031 before heading south. Possible Scenarios are considered: 1) Short on retracement 2) Rotation 3 Test of T1 / T2, Reject and short Weekly: Ave vol, higher than previous bar's EwR bar closing at low = supply remains, also exhibited commitment to lower prices. Daily: Ave vol down bar closing at low = supply remains H4: Ave vol down bar closing off low = some demand present Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4303 4204 4071 3943 3902 3855 3720 *3913-4000 (previous high demand area) Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 JUNE 06 Week ES1! SPX500USD 2022 JUNE 06 Week Last week market rotated between 4071-4204. No resolution between Supply and Demand has been reached. Will wait for early week to see if any market direction will emerge from it. Possible Scenarios are considered: 1) Market rotates between 4204-4071 = wait 2) 4204 becomes support for long 3 4071 becomes resistance for short Weekly: Ave volume down bar close off low = minor strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4303 4204 4071 3943 3902 3855 3720 *3913-4000 (previous high demand area) Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 MAY 23 Week ES1! SPX500USD 2022 MAY 23 Week Last week's retracement went beyond 4056, as demand came in to support the market. Nonetheless short on retracement was good. This tells us the importance of waiting for price reaction at the levels. Possible Scenarios: 1) Test and reject at supply line of channel for short 2) Market rotate between 3855-4091 as demand & supply slug it out Weekly: Ave volume down bar close off low = minor strength Daily: Average vol up bar close off high = minor strength H4: Very high volume up bar close at high = strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4303 4133 4091 3947 3902 3855 3720 *3913-4000 (previous high demand area) Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 MAY 08 Week ES1! SPX500USD 2022 MAY 08 Week Last week Scenario1 test of breakdown and target of 4135 reached. *3913 - 4000 = previous significant demand area. Down channel with extension of supply area mapped out. Daily and Weekly showed minor strength, so there could be a test of the higher levels first (retracement) as supply is temporarily exhausted. short on retracement is preferred, Scenarios: 1) if 4133 is supported, market may attempt Test zone 4303 for a short opportunity 2) If price rotates between 4133 and 4056, prefer to stay out Weekly: Ave volume down bar closing off low and shortening of low = minor strength Daily: Ave vol down close above mid of bar followed by ave vol down bar with narrower range closing above mid of bar = minor strength H4: Ultra high vol up bar closing off high followed by weak close up bar = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4303 4133 4056 *3913-4000 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 APR 25 Week ES1! SPX500USD 2022 APR 25 Week Scenario2 again come into play last week. Market should be attempting 4135-4212 region If market reach there, Wait for price reaction Scenarios mapped out: 1) Test of breakdown 4368 (test may not happen), and price continue toward 4135-4212 region 2) 4135-4212 broken and price continue downward or 3) 4135-4212 again is supported and market attempts for next higher level. Weekly: Ave volume down bar closing off low = weakness with some demand Daily: High volume down bar closing off low = weakness with some demand H4: Ultra High Volume down bar closing at low = strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4213 4135 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 APR 18 Week ES1! SPX500USD 2022 APR 18 Week Last week, scenario2 4525 short was good. Preference will be to short on retracement. Watch reaction to 4368. If supported = Scenario3 possibility If broke and become resistance = continuation of Scenario2 Play scenario: 1) Test & Rejection of T+R area for short 2) Rejection of 4525 for short 3) Rotation play between 4631-4525 Weekly: Low volume down bar closing at low = weakenss Daily: Average volume down bar closing at low = weakness H4: High vol down bar closing at low = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4213 4135 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 APR 11 Week ES1! SPX500USD 2022 APR 11 Week Last week 4525 presented long and short opportunities. Preference will be to short on retracement. Play scenario: 1) Test & Rejection of T+R area for short 2) Rejection of 4525 for short 3) Rotation play between 4631-4525 Weekly: Ave volume upthrust bar closing off low = some demand present. next bar will confirm if market is weak. some demand Daily: Average volume up bar closing of high = supply present H4: Vey high vol up bar = strength (caution of supply present) Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4213 4135 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 APR 04 Week ES1! SPX500USD 2022 APR 04 Week Last week SNP offer trade opportunities based on scenarios 1 and 3. Play scenario: 1) Support on test of 4525 long 2) Rotational play 4463 - 4525 3) 4525 breached and resisted for short Weekly: Ave volume upthrust bar closing off low = some demand present. next bar will confirm if market is weak. some demand Daily: Average volume up bar closing of high = supply present H4: Vey high vol up bar = strength (caution of supply present) Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4631 4584 4525 4433 4368 4213 4135 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Mar 28 Week ES1! SPX500USD 2022 Mar 28 Week Snp may test 4587. Watch for reaction there, don't chase long as market approaches previous supply level. Play scenario: 1) Support on test of 4525 long 2) Rotational play 4433 - 4525 3) 4587 being resisted again for short. Weekly: Low vol narrow up bar closing on high = weakness (no conviction in the up move) some demand Daily: Low volume up bar = weakness H4: Ultra High vol up bar closing toward middle, followed by high volume up bar = strength. Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4525 4433 4368 4213 4135 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Mar 21 Week ES1! SPX500USD 2022 Mar 21 Week 4133 was tested and price reaction long was good. Next level to test may be 4487 & 4587. Caution as price and volume alerts weakness. Keep stops tight if long Weekly: Low volume up bar closing on high = weakness some demand Daily: Low volume up bar closing near high = weakness. H4: High volume up bar closing at high = strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4487 4399 4319 4213 4135 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Mar 14 Week ES1! SPX500USD 2022 Mar 14 Week 4290 provided several short opportunities. Price may test 4133. If this breaks, market may head lower. Wait for price reaction at 4133 before entry. Short on retracement preferred for this week. Weekly: Average volume down bar closing off low = some demand Daily: Average volume down bar closing near low = weakness H4: Average volume down bar closing slightly off low = some demand Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4525 4446 4397 4290 4213 4133 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 FEB 28 Week ES1! SPX500USD 2022 FEB 28 Week Fantastic week for the shorts and recovery late week let us finish the week with an awesome long trade after a shakeout. With the spring and return into rotation zone, preference will be to long on retracement. Weekly: Average down up bar closing near high = strength Additionally, it looks like a reversal set up. Daily: High volume up bar closing at high followed by average volume up bar closing at high = strength H4: Very high volume up bar closing at high = strength Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4525 4446 4380 4337 4290 4213 4133 4037 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 FEB 21 Week ES1! SPX500USD 2022 FEB 21 Week Short preference last week worked well. Scenarios: 1) If 4212 - 4267 is support = long 2) If price retraces on lower volume will look for short opportunity. 3) If market breaks 4212, wait for test and reject to short, or if 4212 is supported, then it will be a long opportunity. Weekly: Average down bar closing near low = weakness. Additionally, it looks like a reversal set up. Daily: Average volume down bar closing off high = demand present. H4: Very high volume up bar closing toward low = weakness Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4587 4525 4411 4318 4267 4212 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! - S&P 500 Short Leg to the southWe have: Counting 0 to 5 and we had a DT on point count 4. Now we wait for the 5 o a new low below the count 3 The orange A/R catches a lot of extremes, including the count 4 DT. The red down-sloping pitchfork could give support on the U-MLH. The pullback from 3 to 4 is EXACTLY 61.80% ! Guys & Gals, there is too much confluence IMO not to imagine that the ES1! will not make a new P5 Low. This is ultra short to me, but of course, in these crazy markets only a proper stop can save us from a desaster. So use stops! I'm short and I take my profit an P5 below P 3 if possible.
CME_MINI:MES1!Short
by Tr8dingN3rd
2
ES1! SPX500USD 2022 FEB 07 Week ES1! SPX500USD 2022 FEB 07 Week Last week's ES saw price rejection at previous breakdown level 4573 and test of breakout 4411-4446. Shall 4411-4446 support hold, shall look for long opportunity. If market returns into rotation, strategy will then be to short at upper boundary resistance and long at lower boundary support. Indecision on Daily/Weekly bar may cause whipsaw movement, trade with care. Weekly: Average volume up bar closing in middle = indecisiveness Daily: Average volume bar closing in middle. It has a lower low than previous bar, and closed higher and in the middle = some strength, but indecisive still. H4: High volume Upthrust bar, weakness will be confirmed if next bar closes lower. Price reaction levels: Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 4446 4318 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677
ES1! SPX500USD 2022 Jan 24 Week ES1! SPX500USD 2022 Jan 24 Week Last week rejection at 4573 offered great short opportunity. Preference to short on retracement / when price returns to test shakeout area - possible scenarios provided Weekly: Ultra wide spread high volume down bar = strength may be returning Daily: High volume up down bar closing near low = weakness H4: Very high volume down bar closing at low = concern of buying into the down move Entries will be based on price reaction to the levels Short = Test and Reject | Long = Test and Accept 4874 4800 4740 4629 4573 4520 4492 4411 4332 4267 Remember to like and follow if you find this useful. Have a profitable trading week.
CME_MINI:ES1!
by paradox677