get ready SMT (Smart Money Technique) this concept suggest we going to pull back or reverse Bears get ready
MES1! trade ideas
ES1 Week 48Seems like this week CME_MINI:ES1! closed above the high of the previous Tertiary Quarter while CME_MINI:NQ1! didn't which indicate as bear SMT.
What supports this idea is the fact that CME_MINI:NQ1! is between two daily gaps of previous weeks in the same month Q1.
This make me believe that we are looking to retrace to previous gaps and I'm bearish this week.
ES1 350 SOONWe will likely see dip soon. RSI overextended near 70s on daily timeframe. GET READY FOR THE MOVE DOWN THIS MONTH!
410,400,390,380,370,360,350
SP500 E-Mini Futures will pump to 6,442.00 and then dump hardSP500 E-Mini Futures is showing in the lower timeframes a possible continuation at least more 6,30% reaching the 6,442.00 mark and at the same time with some bearish divergences in the higher time frames that if the price gets there could iniate a pullback between 30% and 40% to bring the price back slight below 4,000.00 at the end of next year possibly.
Volume analysis: S&P E-mini FuturesRotation setup: pullback to the volume around 5,750 where buyers accumulated their positions, which should be defended. The first (upper) deviation of the yearly VWAP (grey line) comes in as a solid confluence in the area, having in mind also the yearly trend. Should be a decent long opportunity.
Can buyers keep momentum higher?The positive close on Friday implies the return the buyers on the daily chart in the S&P 500 the next challenge will be if buyers can continue the momentum higher with a close above 6070.
OVN + RTH ES Price Action REview 11-29-24Going over the Overnight & RTH shortened HOliday session ES looking for clues as to how we could have traded better and what the market was telling us. keep working hard do all your work today for Monday. get ahead of the curve. Champions do what 2nd & 3rd place Will NOT do.
ES1! Futures Mini Hourly Trade (ICT Rejection Block?)Short and simple, just here to track this trade idea officially using ICT concepts.
Although my Intermediate analysis is Bearish for ES1! I do believe there is some reason to be Bullish in the short term . Missed most of the move but this trade is would be more of a scalp /short swing if youre into that. This would be off the most recent 1H Bullish OB and targeting the unmitigated highs from Nov 11 7am ( 6,053 level ) which coincedentally is an unmitigated Rejection Block (**unverified**), seems like the only area with Buy Side liquidity left before ranging back down into discount or establishing a new high before retracing.
It seems like price strength doesn't much area to move because I believe this is the most recent move away from EQ in this current weekly range.
Interested to see how this develops.
Entry: 6,030
Stop: 6,020
PT 1: 6,035 (0.6 RR)
PT 2: 6,044 (1.38 RR)
2024-11-28 - priceactiontds - daily update - sp500Good Evening and I hope you are well.
sp500 e-mini futures - Same as for dax. Retest of yesterday’s open price and bears could only correct sideways and biggest dip was 5 points. Big bull trend line was support and we are on our way up. I expect 6040 and probably higher. If not tomorrow then next month. We have a perfect channel upwards which leads 6100+. I don’t think bears can even get below 6015 again. If they do, 6000 has to hold or we could have seen the highs.
comment: Not much difference to my dax outlook. Relentless buying today, ath in sight and a decent channel upwards. Bears need something below 6000 to make bulls cover. Big bullish bias for me. Possible that we stay around 6000-6050 for November, to then do the Santa rally somewhere in December. Closing 2024 above 6000 would be amazing for bulls.
current market cycle: bull trend
key levels: 6000 - 6050 (above 6050 comes 6100 in play)
bull case : Higher lows and higher highs. Clear invalidation price given and big resistance above. I doubt bears can get this below 6010/6015 tomorrow. Only longs for me. If we stall around 6040, you should have a tight stop and from a r:r perspective, new longs above 6040 are bad.
Invalidation is below 6010.
bear case: Bears need something below 6000. That’s it. How likely is that? Look at the daily chart. Is there any bearishness in there?
Invalidation is above 6050.
short term : Bullish.
medium-long term - Update from 2024-11-16: So the top definitely qualifies as a blow-off top but the question if we continue further up, is still valid. It is possible that we are already inside the correction and if we continue below 5860, I highly doubt bulls can get above 6000 again. Given the current market structure, I won’t turn bear because the risk of another retest of the highs or even higher ones are just too big.
current swing trade: Nope
trade of the day: Could have bought pretty much anywhere.
Rest dayThe typical behavior when you have shortened trading sessions and the bullish bias in the S&P 500 is not to expect high volatility unless there is new news that can stimulate the market.
ES Price Action REview entire day 11-27 Overnight + RTHGoing over the price action for the ES for wednesday 11-27-24 looking back at clues the market left us and how we positioned ourselves for the day. Pain + Reflection = Growth. yesterday was an absolutely magnificent day to really study and learn from. do all your work. enjoy time with Family/Friends and give thanks for the gift of life. We get to be Alive.
Mini ES Retests Resistance Preparing For Possible ShortSP500 Retests Resistance preparing for possible pullback or short. Market has hit all time highs. Look for short time sells. Nice setup for swing trading…
Possible SHORT TradeI anticipate that the price will test the resistance zone between $6,012.50 and $6,028. If the price fails to break through this level, it is likely to reverse and decline towards the support level at $6,000.
Sideways move is expectedGoing into the shortened trading session in the S&P 500 for Thursday a sideways move is expected. High volatility is not expected due to a lack of scheduled fundamental information.
ES Trendline SupportDecent little sell off this morning, ES coming into trendline support, important for bulls to hold it here. If we bounce I'll look for a move back up to the trendline above for a potential breakout.
If it breaks below and can't hold 6k, I would definitely avoid longs until around 5950 at least.
ES Morning update Nov27thThe steady climb persists in ES. As posted yesterday breakout above 6002 would push us higher with 6027, 6036, and 6046 as targets. We hit 6046 exactly.
As of now: 6026=support (already tested once). Holds keep 6038, 6044 in play. Breakout potential to 6073 above. If 6026 fails, watch for dips to 6017, then 6002.
ES PRice action Review for Tuesday 11-26 and WEdnesday OVernightGoing Over Tuesdays RTH Price action and the Overnight Session. looking for clues as to what the market is telling us and how we could have traded better. Pain + Reflection = Growth. No A+ trade setup today no Trades.
S&P potential long when new york market opensas the bullish daily bias show us, we can see some liq to the downside that could be taken . after that we could react at the 70-80 % fib level , which is as well at the 1h Order Block . that would give us nice confirmation and we could take a trade if we get a good setup to that, the main thing is that we are bullish and that we want to get higher. but unfortunately everything can happen and we are not forcing trades. Risk 1-3 %
Es Bullish after retracement to discountI'm looking for a return to the equilibrium of the previous Day's range or below it then for price to reach for the previous Day's high after 9:30am
Do bulls really want to be long the S&P 500 ahead of a breakout?S&P 500 future are tantalisingly close to a record high. So close in fact, it would be rude not to print one. Yet I am skeptical it will simply hold on to (and extend) any such gains without at least a shakeout first, and bulls may be better to wait for a dip. Comparing the S&P 500 to Dow Jones and Nasdaq 100 futures, I explain why.
MS.
S&P 500 futures: Bulls eye breakout beyond record highsS&P 500 futures have been marching higher for more than a week, attracting buying on dips towards uptrend support. With RSI (14) and MACD confirming the bullish price action, the path of least resistance looks higher, putting a retest of 6053.25 on the radar.
With the bias to buy dips near-term, there are two setups available: the first would be to wait for a break above 6053.25. If it were to hold beyond the ultra-short term, you could initiate with a tight stop beneath for protection. Alternatively, if we were to see another retest of uptrend support, longs could be established above it with a stop beneath for protection.
Some traders use extension measures to assess potential targets when trading at record high, but I’m more simplistic; round numbers, such as 6100 using this example, are one option. Another would be to wait for an obvious topping signal from either a single or multiple candle pattern. When one comes along, bail. Otherwise, let it ride.
If the price were to break and close beneath the uptrend, the bullish bias would be invalidated.
Good luck!
DS.
Positive closes expected for WednesdayWith the bounce from the lows to new highs in the S&P 500 daily chart, it implies buyers have returned and follow-through would be expected for Wednesday's action.
Es Morning Update Nov 26thThis week has revolved around one key level: 5988, the new money magnet. Yesterday, it held as support, sparking a 30-point rally before we got a flush. However, a failed breakdown reclaimed the level overnight.
As of now: Watch for 6026 next, with 6038 beyond. Supports are 6009 (weak) and 5988-93.
