ES levels and targets Oct 22ndSince Thursday, ES has been all about one level: 5892, acting as a magnet. Yesterday, we saw a failed breakdown at 5878, with targets at 5892 and 5902. We hit 5902 but sellers rejected overnight.
As of now: Supports are at 5867 and 5855-57. Bulls need to reclaim 5878 to push back toward 5892+. If 5855 fails, 5843 is next down.
S&P 500 E-Mini Futures
S&P500: Best buy entry the 4H MA100.S&P500 is bullish on its 1D technical outlook (RSI = 62.185, MACD = 62.800, ADX = 52.249) but neutral on 4H, which given the long-term bullish trend, has started to ring the first buy signals. Technically though, a better opportunity would exist on the 4H MA100 and not the 4H MA50 which was just tested. In fact, the last HL of the 5 week Channel Up was priced on the 4H MA100 when the 4H RSI broke under 40.00 (bearish). We will buy when those conditions are fulfilled and aim for another +3.50% rise (TP = 6,000).
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Es levels and targets Oct 21stOn Friday, I was targeting a rally in ES to 5915, which has been a key resistance level for several days. We hit it spot on Friday, touched it again at last night’s open, then pulled back from there
As of now: 5882-78 is the support zone. We need to reclaim 5892 to aim for 5902 and 5915 again. If 5882 breaks, 5869 and 5850 below
Full Plan for Monday Oct 21stPlan for Monday:
Supports:
• Major: 5892, 5878, 5869, 5850, 5820, 5802-05, 5787, 5770, 5752, 5734, 5710, 5683, 5676, 5657-60
• Minor: 5882, 5871, 5862, 5857, 5842, 5834, 5828, 5814, 5796, 5782, 5779, 5763, 5755, 5746, 5740, 5725, 5721, 5715, 5708-10, 5702, 5693, 5679, 5669, 5666
What I’m Watching:
We are inside a broad consolidation zone from 5915 to 5850, but the tighter consolidation within this range (5892 to 5915) is becoming tricky due to the deep use of these levels. Flexibility is key when trading in this range.
For Monday, 5892 is the first major support, though it’s been overused and may no longer be reliable. I’d prefer to wait for a reaction there, with safer longs only coming if we reclaim 5902 after testing lower. If 5892 fails, a selloff could follow, a common occurrence for Monday. Below that, 5878 is the next key level down, but I’m less inclined to take long positions here unless we see a failed breakdown with a recovery back above 5869. If we get a further breakdown, 5850 becomes the key line of defense before a potential flush down to 5820.
Resistances:
• Major: 5900-02, 5914, 5933, 5945, 5956, 5962, 5997-6000, 6007, 6040-45, 6070, 6098
• Minor: 5907, 5922, 5935, 5951
Bull Case for Monday:
We’re in a broad consolidation zone from 5915 to 5850, with bulls still holding the advantage as long as this structure remains intact. The tighter range of 5892 to 5915 will likely dictate the early moves. For the bulls, the ideal scenario is to hold above 5892, base out, and then rally to 5933 and beyond.
As loose concepts though, I’d consider any flagging that does not make a new high above Friday’s high and that holds 5900 or 5892 (bonus if we flush to 5892 and recover 5900) as being very bullish and worth adding.
In the “ultra bull case,” we wouldn’t even lose 5892, quickly basing above 5900, which could lead to a squeeze toward 5933 and potentially higher.
Bear Case for Monday:
The bear case becomes relevant if 5850 breaks down. Breakdowns are tricky and often trap traders (80% failure rate), so it’s a low-win rate but high-reward setup. If 5892 fails, we could see some downside pressure, with 5878 and then 5850 as key supports. If these levels don’t hold, we could see a sharper selloff toward 5820 or lower.
However, I am obviously not going to just short below 5850 after selling 60 points there from here. I’d need to see a strong bounce there or a failed breakdown, see longs work, and only then would I consider shorting under wherever the structure (lows) are at the time—this could be around 5847. On a shorter-term basis, there may be a short opportunity if 5892 fails. This level has been heavily worked, but it’s ideal to see one more bounce attempt there, and then short just under the low of that bounce. Be careful here, as we could easily flush to 5869 and then squeeze back up. If I do short, I would exit and be willing to switch long.
Summary for Monday:
We’re stuck in a consolidation range between 5915 and 5850, with 5892 to 5915 being the tighter range within. The market could ping-pong between these levels before making a more decisive move. My lean remains to defer to the overall trend, with a preference for buying dips unless key supports like 5850 fail. A break of 5892 could lead to a Monday dip, but as long as bulls hold 5850, the broader structure remains bullish, targeting 5933+.
S&P500, NASDAQ, & DOW JONES Weekly Outlook Oct 21The 3 Indices are in position to move higher. I am looking for buys setups, as my bias is bullish. My first targets are the PWHs, and potentially ATHs.
I've included some notes on how I project bullish targets above ATH's. Tell me what you think of it in the comments section.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Es levels and targets October 18Following a 70-point squeeze, yesterday was a chop day in ES. Overnight support at 5878 held right on target, and reclaiming 5892 was key to triggering the move to 5900, which we’ve now reached.
As of now: It’s OPEX, so be cautious and avoid overtrading. The 5892-5902 zone is chop, but it leaves 5907 and 5915+ on the table. If 5892 breaks, look for a dip to 5878.
Es levels and targets Oct 17thAfter a slow start yesterday, ES finally made its move. Yesterday’s targets were 5882 (hit), 5892 (hit), and 5902 (to backtest Tuesday’s breakdown), which we cleared overnight.
As of now: Protect profits if you’re long. 5902 is key support. It must hold to keep 5914, 5918, and 5928+ in play. If 5902 fails, look for a dip back to 5892.
Daily Morning Update: ES levels and targets Oct 16thYesterday, ES triggered its first short since October 7 by dropping below 5895. The targets were 5878 and 5866, and we’ve been sitting around 5866 all overnight. We’re now in a neutral to bearish phase, aside from any relief pops.
As of now: 5866 is acting as the magnet, with 5857 as support. 5878 is the next target, with 5892 above that. If 5857 breaks, 5842 next will be next down, with 5830-33 as the next zone to watch.
S&P500 If it holds this level, it can rise up to 6050.The S&P500 index (SPX) had a strong short-term pull-back yesterday, which is so far contained within the tight levels of a Channel Up pattern. The price is right at the bottom of it and if it holds, we can expect a strong rally continuation for the next 2 weeks, going into the U.S. elections.
This sequence is so far similar to the previous Channel Up patterns that emerged after the price broke above the 4H MA50 (blue trend-line). Once broken, it held right until their tops, which were after a +6.50% rise.
This is why, if this holds once more, we expect to see 6050 (+6.50% from the bottom) by the end of the month.
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S&P500 Channel Up on 1hour reached its bottom.S&P500 / US500 is trading inside a Channel Up on the 1hour timeframe.
The price crossed today under the 1hour MA50 and reached the Channel's bottom.
This is where the two bottoms prior where priced.
As long as it holds, buy and target 5930 (+1.88% rise, same as the previous bullish legs).
Previous chart:
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ES levels and targets Oct 14thIt’s been pure charting 101. Last Thursday, ES built a textbook bull flag between 5815-5840. Breakout targets were 5858-60, then 5874, which we just hit perfectly.
As of now: Let the runners do the work until the first post-flag sell-off. 5868 is support, keeping 5873-74 (again) and 5888-90 in play. If we drop, watch for 5838-42 below.
ES levels and targets Oct 11After Wednesday’s breakout, 5840-5815 became the new flag, just as expected. ES respected those levels, with 5815 tested five times and 5840 three times.
As of now: No change. 5815 and 5809-11 (weak) are support levels. As long as they hold, 5829 and 5840 remain in play, with a potential breakout. If 5809 fails, 5792 next down
RESEND: ES trading plan for CPI Day Oct 10thSupports:
• Major: 5822-24, 5805, 5795, 5747-51, 5730, 5711, 5703, 5691, 5675, 5665, 5646
• Minor: 5828, 5815, 5810, 5790, 5780, 5773, 5764, 5757, 5740, 5725, 5715, 5686, 5682, 5672, 5657
What I’m Watching:
•Tomorrow is CPI day. We’ve seen a massive rally from Thursday’s lows, breaking out of a two-week bull flag. However, as I’ve said, this isn’t the ideal time to trade.
• Post-rally setups are scarce. Long entries are risky because we’ve already had 15+ tests/failed breakdowns of support, and now we’ve moved significantly higher. If you didn’t enter early, it’s not a great time to force trades. Shorts are also risky as we’re still in a bull market and at all-time highs (ATHs).
• To make matters more complicated, tomorrow is CPI day, which is historically volatile, trappy, and unpredictable. For great traders, capital preservation is always key, so many avoid trading right after CPI releases. My focus tomorrow is protecting profits, and any trade will risk only 20% of my recent gains.
• CPI days often see massive moves (70+ points either way), so keep expectations flexible. The primary task for buyers will be to defend today’s bull flag breakout at 5795. If we get a CPI flush, buyers will want to defend 5795 or reclaim it quickly. Be cautious, especially below 5795. Many levels below have been heavily tested, so if 5795 breaks, we could see a rapid move lower.
• If we test 5795 and reclaim 5805, or if we flush 5790 and recover 5795, those could present long entries, especially if accompanied by volume confirmation. Be patient with entries tomorrow, and remember that breakdowns are often traps.
Resistances:
• Major: 5847, 5862, 5881, 5890, 5897, 5923, 5950-55, 5970
• Minor: 5840, 5852, 5855, 5869, 5876, 5904, 5908, 5917, 5932, 5936, 5941, 5965
• As a rule, I don’t counter-trend short ES in a bull market. I haven’t taken a short loss in nearly 2 years because I don’t fight ES in uptrends. However, for those interested in counter-trend shorting, 5881 and 5897 are levels where you might find some resistance.
Buyer’s Case for Tomorrow:
• Straightforward: We’ve broken out of a bull flag at 5795, and tomorrow buyers will need to defend it. If CPI causes a flush, we don’t want to see any significant move below 5795, or if it does break, buyers need to reclaim it quickly. As long as this zone holds, we remain in an active bull flag breakout, and the target becomes 5862, 5881, and 5890-97. Clearing that range opens the path to 5950-55 and potentially 6000.
• I wouldn’t recommend adding longs after a 100+ point rally on a CPI day, but in a normal scenario, flagging below today’s highs or above 5822 would be considered bullish. Watch for volume to confirm these entries if so.
Seller’s Case for Tomorrow:
• Sellers’ case begins with a failure of 5795. After such a significant rally, a correction wouldn’t necessarily be bearish in the big picture, just a healthy pullback. However, for short-term trades, losing 5795 is critical.
• Breakdown trades require a specific setup. I need to see a test or a failed breakdown first, which helps remove demand from the level. Once this happens, I’ll look to enter slightly below the structure. For example, a test of 5795 or 5805, followed by a failed breakdown, would be the signal to short, likely triggering around 5792. On CPI days, though, this pattern might not materialize and the market could simply flush without providing the structure.
Summary for Tomorrow:
• It’s been a great run, so I’m shifting to profit protection until CPI passes. Anything can happen tomorrow, but I lean toward following the trend and trading based on what’s in front of me. We’ve broken out of a bull flag at 5795, and as long as that holds, targets include 5863, 5881, and 5890-97. If 5795 fails, it means today’s breakout has failed, and sellers could take control.
Follow for updates every morning at 8:15 Eastern on TradingView
WEEKLY FOREX FORECAST SEPT 7-11th: SP500, NASDAQ, DOW JONESThe 3 Indices are in position to move higher. I am looking for long setups only, as my bias is bullish. My targets are the PWHs, and potentially ATHs.
My bias changes with a break below the Weekly FVGs.
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
ES Trading Plan for CPI Day Oct 11thSupports:
• Major: 5822-24, 5805, 5795, 5747-51, 5730, 5711, 5703, 5691, 5675, 5665, 5646
• Minor: 5828, 5815, 5810, 5790, 5780, 5773, 5764, 5757, 5740, 5725, 5715, 5686, 5682, 5672, 5657
What I’m Watching:
•Tomorrow is CPI day. We’ve seen a massive rally from Thursday’s lows, breaking out of a two-week bull flag. However, as I’ve said, this isn’t the ideal time to trade.
• Post-rally setups are scarce. Long entries are risky because we’ve already had 15+ tests/failed breakdowns of support, and now we’ve moved significantly higher. If you didn’t enter early, it’s not a great time to force trades. Shorts are also risky as we’re still in a bull market and at all-time highs (ATHs).
• To make matters more complicated, tomorrow is CPI day, which is historically volatile, trappy, and unpredictable. For great traders, capital preservation is always key, so many avoid trading right after CPI releases. My focus tomorrow is protecting profits, and any trade will risk only 20% of my recent gains.
• CPI days often see massive moves (70+ points either way), so keep expectations flexible. The primary task for buyers will be to defend today’s bull flag breakout at 5795. If we get a CPI flush, buyers will want to defend 5795 or reclaim it quickly. Be cautious, especially below 5795. Many levels below have been heavily tested, so if 5795 breaks, we could see a rapid move lower.
• If we test 5795 and reclaim 5805, or if we flush 5790 and recover 5795, those could present long entries, especially if accompanied by volume confirmation. Be patient with entries tomorrow, and remember that breakdowns are often traps.
Resistances:
• Major: 5847, 5862, 5881, 5890, 5897, 5923, 5950-55, 5970
• Minor: 5840, 5852, 5855, 5869, 5876, 5904, 5908, 5917, 5932, 5936, 5941, 5965
• As a rule, I don’t counter-trend short ES in a bull market. I haven’t taken a short loss in nearly 2 years because I don’t fight ES in uptrends. However, for those interested in counter-trend shorting, 5881 and 5897 are levels where you might find some resistance.
Buyer’s Case for Tomorrow:
• Straightforward: We’ve broken out of a bull flag at 5795, and tomorrow buyers will need to defend it. If CPI causes a flush, we don’t want to see any significant move below 5795, or if it does break, buyers need to reclaim it quickly. As long as this zone holds, we remain in an active bull flag breakout, and the target becomes 5862, 5881, and 5890-97. Clearing that range opens the path to 5950-55 and potentially 6000.
• I wouldn’t recommend adding longs after a 100+ point rally on a CPI day, but in a normal scenario, flagging below today’s highs or above 5822 would be considered bullish. Watch for volume to confirm these entries if so.
Seller’s Case for Tomorrow:
• Sellers’ case begins with a failure of 5795. After such a significant rally, a correction wouldn’t necessarily be bearish in the big picture, just a healthy pullback. However, for short-term trades, losing 5795 is critical.
• Breakdown trades require a specific setup. I need to see a test or a failed breakdown first, which helps remove demand from the level. Once this happens, I’ll look to enter slightly below the structure. For example, a test of 5795 or 5805, followed by a failed breakdown, would be the signal to short, likely triggering around 5792. On CPI days, though, this pattern might not materialize and the market could simply flush without providing the structure.
Summary for Tomorrow:
• It’s been a great run, so I’m shifting to profit protection until CPI passes. Anything can happen tomorrow, but I lean toward following the trend and trading based on what’s in front of me. We’ve broken out of a bull flag at 5795, and as long as that holds, targets include 5863, 5881, and 5890-97. If 5795 fails, it means today’s breakout has failed, and sellers could take control.
Follow for updates every morning at 8:15 Eastern on TradingView
ES levels and targets Oct 9thFor the past 2-3 weeks, ES has been bouncing between the 5805 and 5740-30 range. Yesterday, I was watching for a rally to 5805, and we hit it. Now, we’re flagging ahead of CPI.
As of now: Expect more range filling for now. Supports are at 5795 and 5780 (weak). If buyers hold them, 5805, 5812, and 5819 are upside targets. If 5780 fails, look for a dip to 5769-73.
S&P500 Consolidation almost over. Prepare for 6300 end of year.The S&P500 index (SPX) has been consolidating for roughly the past 3 weeks, significantly above its 1D MA50 (blue trend-line), which indicates that the long-term trend is not in danger. In fact, we believe that it has already entered a Channel Up structure, similar to November 2023 - March 2024.
As you can see, in late November 2023 the index was also consolidating way above its 1D MA50 after a strong recovery from a -10.90% correction. This time the consolidation is exactly at the top of the previous High while then it was exactly below it.
The 1D CCI sequences between the two fractals show that we are on the exact same position, posting bearish divergencies on the price's consolidation.
As a result, we expect a smooth Channel Up expansion towards the end of the year (quick exception the natural volatility around the U.S. elections day) and our Target is 6300, which is the 2.0 Fibonacci extension level.
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ES levels and targets for Oct 8thOvernight, ES showed very precise technicals, continuing to fill out the 5805-5740 range for the 3rd week now. Yesterday, the 5771 short idea went well, dropping all the way to 5734 area before recovering and rallying.
As of now: 5762-60 (weak) and 5751-46 are support levels. As long as buyers hold, 5773 and 5783+ are in play.
S&P500: Identical so far with 2018/20. October rally possible.S&P500 just turned bullish on its 1D technical outlook (RSI = 57.810, MACD = 53.820, ADX = 46.107) and that should give a new boost to the already bullish 1W timeframe (RSI = 63.805, MACD = 167.870, ADX = 40.687), which showcases the long term trend. And that long term price action can't be shown more effectively than on the 1W timeframe. We have spotted that the index is repeating the 2018-2020 trend.
Starting with a Channel Down under the 1D MA50, the index recovered massively and when it slowed down on a Channel Up, the 1W RSI turned ranged. We are now where the past fractal started rising aggressively again on the October 21st 2019 1W MACD Bullish Cross, as last week it completed a new such Cross. With the support of the 1W MA50, it is more likely now to see a strong rally to the 2.5 Fibonacci extension, where the 2020 fractal abruptly stopped with the COVID market meltdown, which is an event that can't be put into chart analysis.
This pattern shows that we have a clear target for early 2025 on the 2.5 Fib (TP = 6,500).
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ES levels and targets oct 7thLast week friday, I was expecting a rally to 5800+, and now we’re seeing the typical “Monday Morning Hangover” play out with the pullback I mentioned in the plan.
As of now: 5763 is weak support. We need to reclaim 5782 for buyers to push for 5796+. If 5763 fails, 5746-43 next down.
Full plan for today linked below
ES/SPX Plan For Oct 7thPlan for Monday:
Supports:
• 5796, 5783 (major), 5773-76 (major), 5764, 5758, 5751, 5745-40 (major), 5734, 5729, 5725, 5721 (major), 5716, 5711 (major), 5702-04 (major), 5697, 5694 (major), 5686, 5680, 5672 (major).
What I’m Watching:
• We had a big squeeze into the close, so now is not the best time to trade. After strong moves, both longs and shorts carry risks: chasing longs is risky under resistance, and shorts are against the trend, increasing the chance of consolidation. Sit back and let setups unfold.
• I typically wait for a volatility spike (like a dip) before new setups appear. With the close at 5805, there’s no immediate appeal in new trades. The first major support on Monday is 5783. I’m hesitant to buy first supports on Mondays due to the “Monday morning hangover effect,” especially after a strong Friday close, as ES often gives back gains on Monday. I’ll look for a reaction first. If intense selling occurs, I’ll wait for a flush and recovery above 5783 to long.
• The 5805 to 5740 range is a consolidation zone (flag). This could extend for days, so don’t be surprised if we retrace to bottom support Monday. If we lose 5783, we’ll likely work down the range. I’m not interested in bidding at 5764, but if there’s a flush to 5758 followed by a reclaim, I’d consider it. Below that, the 5740-45 zone could come back into play. A flush to 5740 early Monday could offer a final bid, but I’d prefer a test of that zone and a recovery of the session low at 5751 first. If 5740 breaks, I’d flip short as longs below become risky.
Resistances:
• 5805 (major), 5814 (major), 5821, 5828, 5839 (major), 5841, 5850 (major), 5860 (major), 5866, 5877 (major), 5881, 5885 (major), 5894, 5908 (major).
• As usual, I don’t short strength in ES. Maintaining a high win rate means avoiding setups with lower probabilities, aka fighting an uptrend. For those who do, 5805 would normally be a short spot, but it was just tested into the close, so be cautious. Above here, 5814 is another potential resistance, but if cleared, it’s clear blue skies to 5850 for buyers.
Buyer’s Case for Monday:
• The buyer’s case sees this flag breaking out. The broader structure is from 5805 to 5721, but a more actionable range is 5740-5805. If it holds, ES could break out to 5814, 5828, and eventually 5839+. The ultra-buyer’s case for Monday would see ES hold 5782 (perhaps undercut, but hold), ping-pong between 5782 and 5805, and attempt a direct breakout. Watch 5783 closely Monday.
Seller’s Case for Monday:
• The seller’s case begins with a break below 5740. Breakdown trades are tricky and often trap traders (80% of breakdowns fail). If you can’t tolerate these odds, it’s better to avoid them. I’d look for a test of 5740-45, which plays out for buyers before considering a short—likely around 5737 or lower. A failure at 5783 could also trigger shorts, but this is a more advanced trade. Ideally, we’d see a test of 5783 or a failed breakdown. After longs bounce, I’d short below that structure, probably near 5771.
Summary for Monday:
• The new consolidation range is 5805 to 5740-45. This could develop in various ways, but my lean is toward further filling out, meaning a pullback to start Monday, potentially to 5783. If buyers are motivated, that could be the lows, but if we lose 5783, a test of 5740-45 is likely. A breakout of the range targets new all-time highs. If 5740 fails, look for short opportunities.
Someone is lying...BTCUSD vs SPX performance, MAR-OCT 2024
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