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ES Morning Report and Trade Ideas 8.15.24

ES Alerts and Reports
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  5515 on strong retail sales report, past my 5490

A better-than-expected U.S. retail-sales report was helping stock index futures build on their earlier gains on Thursday as investors digested a fresh batch of economic data.

Retail sales grew 1% in July, topping expectations for 0.3%…

3x ETF Morning Report 8.14.24

Morning Reports
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Yesterdays note repeated for reference
 I had a high end 5490 target last week for this rally leg once over 5360.  Markets happy with tame PPI report this morning. The rally leg is extending and could again be a B wave of an A B C Correction…

ES Morning Report and Trade Idea 8.14.24

ES Alerts and Reports
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  5460 at 815 am EST, High 5463

So my 5490 projection looks good.  I would be out of the trade here soon if long if not already

Short at 5485 limit with stop at 5510 is today's advisory. I will update from there

Should be…

3x ETF Morning Report 8.13.24

Morning Reports
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Yesterdays note repeated for reference
 I had a high end 5490 target last week for this rally leg once over 5360.  Markets happy with tame PPI report this morning. The rally leg is extending and could again be a B wave of an A B C Correction…

ES Morning Report and Trade Idea 8.13.24

ES Alerts and Reports
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Yesterdays alert the actual price at time of this post was 5361 as I had accidentally quoted the 15 minute delay price.  With that said, we hit 5347 at 855 am, so if you were fast and took the trade idea, you stopped out pretty fast…

3x ETF Morning Report 8.12.24

Morning Reports
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Futures have risen above bounce highs of 5360 now, this means a further rally to as high as 5490 on ES futures is possible for Wave B up of A B C correction... but one day at a time, the market likes to surprise often during August-…

ES Morning Report and Trade Idea 8.12.24

ES Alerts and Reports
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5385 area 845 am EST

Bullish to 5490 over 5360 as noted last Friday

I would go long here , add again at 5370 plus minus a few

Stop at 5350

Target 5435 to sell 5480 to sell if aggressive but watch the tape closely don't…

ES Chart

ES Alerts and Reports
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ES Morning Report and Trade Ideas 8.9.24

ES Alerts and Reports
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Bottom of report repeats Thursday notes on purpose... over 5360 very bullish

ES 5340 up from 5180 lows mid week overnight, this is bullish for now as noted yesterday if over 5290's...

BUT... still at resistance...

If we get over 5360 this weeks highs, the market…

3x ETF Morning Report 8.9.24

Morning Reports
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NOW WHAT??

There is almost always a 5th wave in a 5 wave decline that tests the lows of wave 3 or lower... on the rare cases where it doesn't, it can be a bullish sign.  With that said, we have levels to watch for everyone market…

3x ETF Morning Report 8.8.24

Morning Reports
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5360 was hit on ES Futures on the nose yesterday , an area I said to watch. I advised members of ES trading to short at 5355, then futures fell 170 points to 5180, now 5260

This 5180 area is key support now on ES Futures (SP…

ES Morning Report and Trade Ideas 8.8.24

ES Alerts and Reports
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5268 area 9 am EST

 Markets are behaving spot on with Elliott Wave projections I'm making this week. 5130-5150 lows, a peak prediction of 5360 hit on the nose yesterday. I advised to short at 5355 area, it dropped to 5180 last night, now its 5260…

ES Trade Alert

ES Alerts and Reports
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5334 area 945 am EST

 SHORT at 5355 Limit Entry, STOP 5370

No Target yet but will update

Should peak out in a 4th wave here shortly, with a 5th wave down that could re-test the 5120 lows 


 

 

 
 
 

 



 

 

3x ETF Morning Report 8.7.24

Morning Reports
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Markets continue oversold rally or Wave 4 up of 5 down, or B of A-B-C correction

5360 key to watch on ES futures, currently 5325 area... we made huge profits twice this week going long in a bad market... bear market rallies are fun

Long TNA as…

ES Morning Report and Trade Ideas 8.7.24

ES Alerts and Reports
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5327 area 9am EST

From yesterday
If not long or you took profits on the last trade idea, you can go long again here stop at 5225 tight

Target 5300, possibly higher and I will update...

Fresh trade yesterday again solid, I would sell here this…

3x ETF Alert

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Multiple indicators across the market of 200 day moving average bottoms POSSIBLE

This includes SMH ETF (Semiconductors) IWM ETF Small Caps etc.  

CNN Fear Gauges are at "extreme fear" readings, VIX hit 60, and list goes on

So good time to take on some initial risk

TNA- Potential 15% upside from current levels in my opinion

Trade Parameters

10% position as usual, scale in if you can to get an average

3x ETF Morning Report 8.6.24

Morning Reports
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 Key numbers to watch are 410 area on QQQ plus minus a few, 420 lows yesterday.  Also 5100 on the SP 500 key.  Charts are updated on both this morning for reference.

We had a crescendo of selling and a high VIX 60 reading, typical of short…

ES Morning Report and Trade Ideas 8.6.24

ES Alerts and Reports
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ES 5240 area

If not long or you took profits on the last trade idea, you can go long again here stop at 5225 tight

Target 5300, possibly higher and I will update...

Last night I updated the trade idea which was 5130-5150 to go long…

ES Post Market Report and Trade Update

ES Alerts and Reports
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5265 715 pm EST

Advisory was go long from 5130-5150, we hit just under 5150 post alert. High was 5280 for 130 points

I did not give a target but 5360 area possible

Take profits at any point here if you took the trade, but the…

3x ETF Morning Report 8.5.24

Morning Reports
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Many reasons for the current market sell off, and some things have exacerbated the drop now below 442 QQQ and 5300 SPX this morning as futures tumble
  •  Mercury is in Retrograde from Aug 4th 20 Aug 27th- This will add to confusion, misinterpretation and volatility from…