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Micro E-mini S&P 500 Index Futures

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MES1! trade ideas

ES price outlook for week of CPICME_MINI:ES1! The price outlook for week of CPI High lights: - Long term uptrend is still active - Uptrend retracement from last week bounces Fib 0.5 due to divergence on 1H time frame - Short term down trend (pullback) bounced around fib 0.5 area - The price is consolidating critical res area of 5560 after extreme push upward movement after CPI report Price outlook Bullish case: Upward movement will continue if price consolidates around 5550-65 area or holds and make correction above 5500. In this case PTs are PT1 5585 PT2 5598-5600 PT3 5620 Ultimate target would be makes all time high at 5800 Bearish case: Price retraces and break down critical level of 5500-5470 area Downward PTs are PT1 5450 PT2 5410 PT3 5370-5330
CME_MINI:ES1!Long
by MoneyJumper
Full ES/SPX Trading Plan for Tmmr Sept 12thPlan for Thursday: Supports: 5554, 5543 (major), 5537, 5528, 5518-15 (major), 5511, 5503 (major), 5492 (major), 5483, 5474, 5467, 5464 (major), 5457, 5445 (major), 5438 (major), 5433, 5423 (major). Today’s session was incredibly strong. I’m still holding my 10% long runner from 5438, over 100 points below. With such a rally, setups are scarce. Why this is a risky time to trade: • Longs are risky as we’re 140 points off the lows, and chasing here without a pullback adds rug-pull risk. • Shorts are risky because fighting the trend after such a big move can be dangerous. • Chop risk is high because both longs and shorts are huge risk Traders need to recognize when the market is ideal for trading and when caution is required. After a huge uptrend day, the market needs time for price discovery: 1. Pullback (the deeper and faster, the better). 2. New pattern/structure forming. For now, I’m protecting profits and not actively trading. Looking for 1 trade. • First key support is 5543, but after such a rally, I’m not interested in buying the first dip, as these supports rarely hold. • A potential trade could arise if we dip to 5537 and recover. Below that, 5515-18 is worth watching, but 5492 is the more interesting level where I’d consider a small long. • If we see a rapid drop below 5492, it’s safer to wait for a recovery above 5502 before entering. If 5492 fails, the rally could be in trouble, with deeper supports at 5464, 5445, and 5424. Should 5424 give way, new lows are possible. Resistances: 5558 (major), 5565, 5572 (major), 5585 (major), 5593, 5605 (major), 5611, 5620, 5630 (major), 5638, 5644, 5654, 5660-62 (major), 5673 (major), 5705-10 (major), 5750, 5757-60 (major), 5794 (major). I avoid shorting into strength, especially after a day like this. Short squeezes in ES are violent, particularly during corrections or bear markets. Traders who want to short should watch 5585-93, a key zone for sellers. If broken, the path to all-time highs is smooth. Buyers Case for Tomorrow: After today’s monster squeeze, a pullback or red day tomorrow wouldn’t be surprising and might be healthy. Generally, the buyers case would see ES push higher to backtest 5585-93, which includes the bull flag resistance and 5585, where last week’s breakdown triggered the September crash. A strong buyers case would involve flagging under today’s highs and above 5542. Losing 5542 could signal a deeper pullback toward the supports discussed. Normally, I’d suggest adding on strength, but after a 140-point rally without a pullback, I can’t advocate chasing longs. Flagging between 5542 and 5566 could be constructive for a breakout to 5585-93, a decision point. If buyers return and accept that level, the next targets are 5605, 5630, and 5660 for a potential run at all-time highs. Sellers Case for Tomorrow: A real sellers case is distant. The short-term sellers case starts with failure at 5492. Breakdown trades below support often fail and trap traders. These are high-risk, high-reward trades with a low win rate. I’d avoid chasing them unless a failed breakdown recovers. If you’re not comfortable with getting trapped, it’s better to pass on these setups. My core focus is failed breakdowns, where a breakdown looks likely but reverses. To play this, I need to see a bounce off 5492. Below this, shorts become more attractive, but cautiously. The failure of 5542 tomorrow could also set up a high-risk short, though I’d need to see a failed breakdown at 5537 and a recovery before shorting. Summary: After today’s 140-point rally, I’m stepping back to let the market discover its next move. If 5543-37 holds, the path to 5585-93 is clear, and sellers may make a stand there. If 5543-37 fails, we’ll likely dip toward deeper supports and reassess.
CME_MINI:ES1!
by ESMorg
ES and possible juncture pointsES is making a a recovery upwards with the bulls entering at the halfback. Now ES could be setting up for a bear trap. At 5532 it hits yearly R2 pivot which coincides with a 50% retracement upwards from the low. At that point be alert to some consolidation and then a second move down from that point. The alternate scenario is that it will consolidate and resume an upward movement towards the swing high. Odds favour this scenario not happen because it doesn't fit the seasonal pattern and more objectively, on balance volume is heading lower, pointing to price weakness.
CME_MINI:ES1!
by patricktapper
ES outlook with CPI report on WEDCME_MINI:ES1! The price outlook for week of CPI High lights: - Long term uptrend is still active - Uptrend retracement from last week bounces Fib 0.5 due to divergence on 1H time frame - Short term down trend retraces and stopped around fib 0.38 area before CPI report on Wed Depending on the CPI report following scenarios may in play Bullish case: Price keep retraces upward to hit following levels PT1 5532 PT2 5562 PT3 5600 Bearish case: Price pushes downward for 3rd leg to hit fib golden zone area PT1 5400 PT2 5370 PT3 5330
CME_MINI:ES1!
by MoneyJumper
mini Futures - Even FlowI thought this was a pretty chart. Look at that flow into a big CPI announcement lol...that's perfect! MMkr's did their job the world over. Tokyo split it, London split it, US split it. Time for someone to make a move...;) I think the nations that haven't reduced interest rates yet are going to see their markets pop the best. I also think Japan's Nikkei is going to fare very well with the decisions over there. Well done. This is an Even Flow. Now go listen to some Pearl Jam or something before the debate :)
CME_MINI:ES1!
by Mr_Robbers
ES Potential Inverse Head & ShouldersI've obviously been bearish lately and most of my ideas are for shorting. I don't do this on purpose, it's just what I see right now. Here's a bullish angle, ES may have bottomed there at 5400 while creating a right shoulder before a bigger leg up. It's also possible we see the real right shoulder be put in later on, because it would be a lot cleaner if the shoulders lined up evenly. However, it's common to have a slanted pattern like this one, so the neckline could be important support/resistance as well.
CME_MINI:ES1!Long
by AdvancedPlays