04/30 PM Europe

ES S&P 500 minis  Activity type -Initiative sellers Open Type = Open In range of previous day. Direction of trade- Down facilitation that way OK & condition of current mkt =  Balance            Volume – Down         Value Area - Down Expectations: Slow trade today with ASIA off and may be slow tomorrow […]

04/30 Pre Market

ES S&P 500 minis 

Activity type -Responsive sellers in early AM followed by initiative buyers within previous days value drove us to close a bit higher than previous day.

Open Type = Open out of range can also be seen as Open Rejection reverse since it was driven back thru the opening range

Direction of trade- Not clear, facilitation that way poor & condition of current mkt =  Balance but still below 1400              Volume –  Down       Value Area - Overlap Up

Expectations: Still slowing/balancing but we are above 1387.50 and buyers stepped in this AM after the dip. Buyers still in control

Overnight inventory is Long/Short/Balanced opportunity for TBD

What needs to hold to favor buyers? 1387.50 for buyers to remain in control

Plausible Trade Setups  –  Seller 1409/ Buyer 1387.50

Support – 1394.75, 1391.25, 1387.50 HVN, 1384.75

Resistance – 1401, 1406.50, 1409.50

High of day – 1402.75     

Low of day – 1393

ONHI – 1402.50  ONLO -1393.75

NVPOC – 1408, 1382.75

GAPS – 1408.50

News Events – 9:45 AM EST Chicago PMI

6E euro Plausible Trade Setups  –  Seller 13291/ Buyer 13112

Support - 13220, 13186, 13112

Resistance – 13291, 13323, 13350

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 you can lose more than you initial investment. These are just thoughts not directions.

04/29 PM Europe

ES S&P 500 minis  Activity type -Responsive sellers in early AM followed by initiative buyers within previous days value drove us to close a bit higher than previous day. Open Type = Open out of range can also be seen as Open Rejection reverse since it was driven back thru the opening range Direction of trade- Not […]

04/27 Pre Market

ES S&P 500 minis  Activity type -Initiative buyers at previous days point of control Open Type = Open In range Direction of trade- UP facilitation that way Good & condition of current mkt =  into previous balance Point of control – bull/bear 1398ish  Volume – Down  Value Area - UP Expectations: GDP miss but tape is still strong. 1387.50 […]

04/26 PM Europe

ES S&P 500 minis 

Activity type -Initiative buyers at previous days point of control

Open Type = Open In range

Direction of trade- UP facilitation that way Good & condition of current mkt =  into previous balance Point of control – bull/bear 1398ish  Volume – Down  Value Area - UP

Expectations: Fill in area down to 1389 has already happened so 1380 decent support area for tonight. Auction on lower volume and as said yesterday leads to higher days without news driving it down. 

Overnight inventory is Long/Short/Balanced opportunity for TBD

What needs to hold to favor buyers? 1387.50

Plausible Trade Setups  –  Seller 1401/ Buyer 1382.75

Support – 1391.25, 1387.50HVN, 1384.75, 1380.25

Resistance – 1394.50, 1401, 1406.50

High of day – 1398.25      

Low of day – 1383

ONHI - tbd  ONLO – tbd

NVPOC – 1382.75

GAPS –

News Events –

6E euro Plausible Trade Setups  –  Seller 13291 / Buyer 13112

Support - 13220, 13186, 13112

Resistance – 13252 HVN, 13291, 13323

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 you can lose more than you initial investment. These are just thoughts not directions.