Bulls and Bears zone for 07-12-2021During ETH session Traders have tested, Fibonacci 50% level of Friday's session and started to bounce.
For this uptrend to continue , Bulls will have to defend Friday's Close.
Level to watch 4357 --- 4355
Emini
SPX approaching resistance. Will there be a pullback?Just like other index futures, S&P E-mini has been overextended on monthly chart for sometime. Key resistance level as marked on the chart is approaching. Don't know if it's top. Any resistance can become support. So observe price action and manage risk.
Potential retracement/pullback/correction from current high and how much #ES_F will be back in price and time, a perspective:
3% - 4233 - June 24 - 15 days
5% - 4146 - June 21st - 18 days
10% - 3928 - Mar 29 - 102 days
15% - 3709 - Feb 1st - 158 days
20% - 3491 - Nov 6 - 245 days
Know your support levels and have exit plan in place. Trade with right position sizing. Lately, flash crashes are being bought quickly. I think this time correction may start with market turning over slowly. Small red days initially. I might be wrong. Support and resistance levels as marked on the chart.
Emini / ES1! / SPY500 : Trade ideaES1! / Emini / S&P500 is bullish on all timeframes - M/W/D
Weekly even rejected off a Monthly FVG+
Price has also created a Daily OB+
We are looking for any reason to buy on 4H or lower
GLTG
Bulls and Bears zone for 07-09-2021ETH session market has continued to rally from yesterday's Low.
Any test of ETH session High could provide direction for the day.
Level to watch 4336 ---- 4334
Bulls and Bears zone for 07-07-2021S&P is struggling to follow through after it reaches new ATH.
Any test of ETH High could provide direction for the day.
Level to watch 4341 --- 4339
Reports to watch:
US:JOLTS
10:00 AM ET
US: FOMC Minutes
2:00 PM ET
Bulls and Bears zone for 07-06-2021ETH session Low is around Close and High of Friday.
Any test of ETH Low could provide direction for the day.
Level to watch 4336--- 4338
Report to watch:
US:ISM Services Index
10:00 AM ET
Bulls and Bears zone for 07-01-2021S&P has closed above 4300 yesterday which makes traders fell better psychologically.
During ETH session market has tested Fibonacci 50% level which Bulls will have to defend to continue this rally.
Level to watch 4288 --- 4290
Reports to watch:
US:PMI Manufacturing Final
9:45 AM ET
US:ISM Manufacturing Index
10:00 AM ET
US:Construction Spending
10:00 AM ET
US:EIA Natural Gas Report
10:30 AM ET
$E-MINI S&P 500 | Bears Taking a Back SeatHello Traders,
The E-mini S&P 500 futures bounced off a critical level defined by the model and has no where to go but up.
The targets defined are produced by a proprietary model.
Good Luck.
Bulls and Bears zone for 06-30-2021Last few sessions market has been closing at ATH.
For this to continue, market will have to stay above yesterday's Low.
Level to watch 4277 --- 4279
Reports to watch:
US:Chicago PMI
9:45 AM ET
US:Pending Home Sales Index
10:00 AM ET
US: EIA Petroleum Status Report
10:30 AM ET
Bulls and Bears zone for 06-28-2021Market is trading around High of Friday this morning.
Any test of ETH High could provide direction for the day.
Level to watch 4276 --- 4274
Bulls and Bears zone for 06-25-2021Markets are trading at ATH this morning, sellers have a tendency to show up at ATH.
Any test of ETH High could provide direction for the day.
Level to watch 4264 --- 4262
Report to watch:
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 06-24-2021Market has rallied to Fibonacci 1.618 extension during ETH session.
Any test of ETH High could provide direction for the day.
Level to watch 4254 --- 4252
Report to watch:
US: EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 06-23-2021Market has been trading in a range during ETH session.
For Bulls to continue this rally will need to stay above Fibonacci 50% level of yesterday RTH session.
Level to watch 4241 --- 4243
Reports to watch:
US:New Home Sales
10:00 AM ET
US: EIA Petroleum Status Report
10:30 AM ET
Bulls and Bears zone for 06-22-2021Yesterday's price action suggests that Bulls are aggressive.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4215 --- 4217
Report to watch:
US:Existing Home Sales
10:00 AM ET
Bulls and Bears zone for 06-18-2021Could we see a repeat of last two sessions where market sells off than rallies.
Any test of ETH Low could provide direction for the day.
Level to watch 4170 ---- 4168
Bulls and Bears zone for 06-17-2021All of overnight session market has been trading in lower third of yesterday's range.
Any test of yesterday's Low could provide direction for the day.
Level to watch 4198 --- 4196
Reports to watch:
US:Leading Indicators
10:00 AM ET
US: EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 06-16-2021For last several trading sessions market has been in a range and today might not be any exception.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4237 --- 4235
Reports to watch:
US:EIA Petroleum Status Report
10:30 AM ET
US:FOMC Announcement
2:00 PM ET
US:Fed Chair Press Conference
2:30 PM ET
Bulls and Bears zone for 06-15-2021Although, Bulls are making new ATH but Bears are also active.
Any test of yesterday's High could provide direction for the day.
Level to watch 4248 --- 4246
Reports to watch:
US:Business Inventories
10:00 AM ET
US:Housing Market Index
10:00 AM ET
Bulls and Bears zone for 06-11-2021This morning market has tested yesterday's High but was not able to breach.
For Bulls to take control they will have to breach yesterday's High with conviction.
Level to watch 4236 --- 4234
Report to watch:
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 06-10-2021Selling from yesterday continued during ETH session to bounce at around 4200 even number which is also around Fibonacci level.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4221 --- 4223
Report to watch:
US: EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 06-09-2021Market tested Fibonacci 50% level of yesterday's RTH session during overnight few times.
Any test of such level again could provide direction for the day.
Level to watch 4221 --- 4223
Report to watch:
US: EIA Petroleum Status Report
10:30 AM ET
