04/01 Europe, US post Friday

ES S&P 500 minis 

Activity type -Initiative buyers above the micro (few days of trading) composite Point of Control

Open Type = Open out of range gap higher and filled gap as in plan

Direction of trade- UP facilitation that way OK & condition of current mkt =   still in Balance             Volume -Down       Value Area - Higher

Expectations given evidence: We bounced form the micro composite point of control which says buyers still have the upper hand IF we remain above 1396/98 would be bullish.

Overnight inventory is Long/Short/Balanced opportunity for TBD

What needs to hold to favor buyers? 1396/98

Plausible Trade Setups  -  Seller 1409 / Buyer 1391.25

Support - 1401, 1394.75, 1391.25, 1387.50

Resistance - 1406.50, 1409.50, 1414.25, 1419

High of day –  1406  

Low of day – 1386.25

ONHI -  tbd   ONLO – tbd

NVPOC - 1390, 1411.75

GAPS - 1415.25

News Events -ISM index 10am EST, Construction spending also at 10am EST

6E euro 

Support - 13333, 13294, 13259

Resistance - 13366, 13400, 13427

Always use stops (4pt MAX 3.5 mental) ES and develop your plan. Goal is a 2.5pt rotation from an area minimum and for NQ a little wider 4-5. Use a 15-20 pip stop for day trading FX levels. Trading futures involves risk and these are just thoughts not directions.

03/30 Pre Market

ES S&P 500 minis  Activity type -Initiative sellers early followed by Responsive buyers at 1387 HVN bull/bear area. Open Type = Open out of range somewhat like an open rejection reverse. Direction of trade- Down facilitation that way OK BUT 1387 held for buyers & condition of current mkt = Balanced             […]

03/29 PM Europe

ES S&P 500 minis - any member that brings a new member on will have May Comped (free) Thanks! Friends don’t let friends trade without a plan it’s hard enough with one. Activity type -Initiative sellers early followed by Responsive buyers at 1387 HVN bull/bear area. Open Type = Open out of range somewhat like an open rejection […]

03/29 Pre Market Plan

ES S&P 500 minis 

Activity type -Initiative sellers held the upper hand all day

Open Type = Open In range

Direction of trade-Down facilitation that way good & condition of current mkt = BALANCED            Volume - UP         Value Area - Down

Expectations given evidence: Watching for failure in the 1400 area. Market was obviously weak today. For me to think this is anything other than End of Quarter we will need to get below 1387 and stay below. 

Overnight inventory is a tad short opportunity for short covering to 1400 area 

What needs to hold to favor buyers/sellers? 1387 longer term buyers/ and TODAY 1401 for sellers

Plausible Trade Setups  -  Seller 14000 / Buyer 1381.75

Support - 1394, 1301.25, 1387.75 HVN, 1382.25

Resistance -1404 (onhi), 1406.25, 1410.50

High of day – 1408.75      

Low of day – 1392 NVPOC to the Tick

ONHI -1404  ONLO – 1393.75

NVPOC - 1395.50, 1411.75, 1377

GAPS - 1415.25

News Events -

6E euro 

Support - 13259 HVN, 13218/25, 13186

Resistance -13291, 13363 KEY, 13400 HVN

Always use stops (4pt MAX 3.5 mental) ES and develop your plan. Goal is a 2.5pt rotation from an area minimum and for NQ a little wider 4-5. Use a 15-20 pip stop for day trading FX levels. Trading futures involves risk and these are just thoughts not directions.

03/28 PM Europe

ES S&P 500 minis  Activity type -Initiative sellers held the upper hand all day Open Type = Open In range Direction of trade-Down facilitation that way good & condition of current mkt = BALANCED            Volume - UP         Value Area - Down Expectations given evidence: Market was obviously weak today. For me […]