ES Midday UpdateHit support from yesterday but not oversold yet. Gonna wait until tomorrow, maybe buy some calls or maybe stock for Friday.
Indicators aren;t cycling from oversold to overbought, so probably just doing a small play.
About S&P 500 E-mini Futures
S&P 500 — short for Standard and Poor's 500, is a United States stock market index based on the market capitalizations of the top 500 companies that have common stock listed on the New York Stock Exchange or NASDAQ. With its headquarters in New York City and dating back to 1860, Standard and Poor's has offices in 23 countries and maintains the SP 500 index. Over $1.25 trillion USD is indexed to Standard and Poor's portfolio of indices, which includes the S&P 500. The S&P 500 index seeks to reflect the status of the whole stock market by tracking the return and volatility of the 500 most commonly held large cap company stocks on the NYSE, capturing approximately 80% of total market capitalization. The 500 companies comprising the SP500 span all major industries and are selected based on their market capitalization, liquidity, ability to be traded, as well as other factors. Additionally, the importance of the SP500 is highlighted by its use as an economic indicator of the health of the United States economy.
Bobby's homework assignment8.9.23 In this video I do a follow-up on the ES from earlier this morning because I think Traders can learn from this if they're using the tools that I'm using. I wish I posted more on oil since it's probably the one market I post the most.... but the market Got ahead of me for various reasons that
SPX - The Sound of a Shattering IcebergLast week's SPX call was pretty accurate in terms of levels. What was wrong was only the order of operations and timing.
ES SPX Futures - Welcome to FOMCmageddon
I had felt it made sense for the market maker to sweep out the lows before taking the highs, but the plan was the opposite, and thi
#ES_F Day Trading Prep For the Week 8.07-8.11Last Week :
Surprisingly last week played out perfectly just had to be a little patient with things, last Sunday we noted that market needed either a strong push over 4615-10 and hold above or consolidate under 4603 before pushing over 4615-10 to possibly continue higher and if not the buyers wh
Weekly Update: Are we Headed for Bad Times?I have been on Trading View for almost a year now. In that timeframe I have been fortunate enough to have almost 2,600 people who follow my work, shared almost 700 ideas within that community, and founded my website for paying members.
Yesterday, we held a training / education Zoom call and disse
S&P 500, 8/10/23For Thursday, 4537.75 can contain session strength, below which 4442.25 remains a 3 - 5 day target able to contain selling through September activity, once tested 4701.25 long-term resistance attainable over that time horizon.
A daily settlement below 4442.25 indicates a good high through Septe
ES UpdateGot a bounce because RSI touched oversold, and there is a gap above, but I'm gonna wait until MFI goes oversold.
AAPL looks like it found support, so that's good news or the bulls.
This alternating up/down days are tough to predict, especially when indicators aren't showing anything.
Two bar reversals/ opening price trades8.8 23 In this video I will show some opening price trades on oil, the ES. and gold. It was possible to have stop & reverse trades as well. This doesn't mean that you take every trade, and you may never want to trade stop and reverse, This is more about reading the chart... and knowing what an o
A bouncy lowThe S&P 500 on Tuesday created a long shadow on the bottom of a candle chart which I refer to as a bouncy low. This implies that buyers came back into the market after a break to the downside. The expectation is that buyers would then follow through to the upside on Wednesday but can they get the jo
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