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ES Morning Report and Trade Updates 4.7

ES Alerts and Reports
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 Trading:  June Contract ESM5

Well that happened fast...

4830's the low so far overnight on Sunday/Monday futures.  We tried a long low 5200 last Friday but stop was 5190, didnt last long...

Now IF my wave count is still correct, wave 5 hit 150%…

3x ETF A.M. Report 4.4

Morning Reports
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My longer term 5100-5200 SPX target is getting close faster than planned.  ES down to 5270 a new low from the 6200's cycle top, but if you look in context we rallied in 5 waves from 3500 to 6200 area and a drop to 5100-5200 is normal. Its just…

ES Morning Report and Trade Updates 4.4

ES Alerts and Reports
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 Trading:  June Contract ESM5

4/3 Trade Idea... 18 point loss... stop was tight at 5480, now 5270's...

Long at market (5498 area) Stop 5480, Target 5590 to sell or at your discretion
My longer term 5100-5200 SPX target is getting close faster than planned. …

3x ETF A.M. Report 4.3

Morning Reports
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Testing lows of Sunday overnight after Trump Tariffs. Also the Mercury Retrograde window causes more confusion with communications etc. This window ends on April 7th, as does another negative window on April 17th... 


We hit 5770 on a futures rally that  was probably short covering into Trump Tariff news…

ES Morning Report and Trade Updates 4.3

ES Alerts and Reports
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David,

You Notched a Terrific WIN today in Volatility that would Scare many away. 
I don't trade near the open, you never know what the Herd is Thinking.
My chart kept Marking New Lows and Removing the Previous Ones.
Then new Highs started to register…

3x ETF A.M. Report 4.2

Morning Reports
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David,

You notched a terrific WIN today in Volatility that would Scare many away. 
I don't trade near the open, you never know what the Herd is Thinking.
My chart kept Marking New Lows and Removing the Previous Ones.
Then new Highs started to register. One after another. On…

ES Morning Report and Trade Updates 4.2

ES Alerts and Reports
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David,

You Notched a Terrific WIN today in Volatility that would Scare many away. 
I don't trade near the open, you never know what the Herd is Thinking.
My chart kept Marking New Lows and Removing the Previous Ones.
Then new Highs started to register…

3x ETF A.M. Report 4.1

Morning Reports
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David,

You notched a terrific WIN today in Volatility that would Scare many away. 
I don't trade near the open, you never know what the Herd is Thinking.
My chart kept Marking New Lows and Removing the Previous Ones.
Then new Highs started to register. One after another. On…

ES Morning Report and Trade Updates 4.1

ES Alerts and Reports
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David,

You Notched a Terrific WIN today in Volatility that would Scare many away. 
I don't trade near the open, you never know what the Herd is Thinking.
My chart kept Marking New Lows and Removing the Previous Ones.
Then new Highs started to register…

3x ETF A.M. Report 3.31

Morning Reports
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Bad day on Friday, we tested the lows overnight Sunday-Monday in futures.  If this is the 5th wave down which it clearly is pattern wise, its the last leg down of this phase of the correction cycle.  Could still work a bit lower to 5400 SPX if the 5560…

ES Morning Report and Trade Update 3.31

ES Alerts and Reports
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Trading:  June Contract ESM5

Trade for 3/31:  Long  at market with 5550 stop, 5650 target to sell

5570's, re-test successful so far... could go lower yet
 
Friday SHORT trade advisory repeated, worked out if you took it! 
The current pattern suggests more likely a…

3x ETF A.M. Report 3.28

Morning Reports
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Possible cycle lows forming in the March-April window, April 17th is a key date I'm watching to see if the character of the market brightens up... 

End of quarter window dressing possible excuse for the last 1-2 days of pullback after a nice surge for the markets in latter…

ES Morning Report and Trade Update 3.28

ES Alerts and Reports
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Trading:  June Contract ESM5

5720s area with 5711 24 hour lows

This pierced the 5720 gap fill but hanging around that area now. I suspect we are seeing some selling into end of quarter window dressing period from portfolio managers who got a bounce in March…

3x ETF A.M. Report 3.27

Morning Reports
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5720 gap fill on ES this morning as we topped out around 5835 from 5560 lows this week... the pullback to 5730/5720 is normal but in my opinion now requires another strong advance upwards to 5840 again or now we have risk of a 5th wave starting at this…

ES Morning Report and Trade Update 3.28

ES Alerts and Reports
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Trading:  June Contract ESM5

5720s area with 5711 24 hour lows

This pierced the 5720 gap fill but hanging around that area now. I suspect we are seeing some selling into end of quarter window dressing period from portfolio managers who got a bounce in March…

3x ETF Alert 3/26

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IMW Small Caps


As noted this morning, we can take another position here with an intra-day stop. The issue with intra-day stops is you can get stopped out and then see a reversal right after, so I prefer not to use them.  However, with the market at a crossroads…

3x ETF A.M. Report 3.26 Wednesday

Morning Reports
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Not much change since yesterday.  ES at 5830 still, can still work higher with QQQ etc. 

TQQQ hit my 67 mark from 60 area projection, but we are still underwater there

Bitcoin looks very bullish to me on monthly charts, so lets be patient on BITX

May add TNA…

ES Morning Report and Trade Update 3.26

ES Alerts and Reports
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Trading:  June Contract ESM5

5830 area on ES at 915 am EST Wednesday

Continuation still possible to 5950 plus

We hit 5802 lows yesterday, not quite enough to double up per trade parameters (5795 area to add from 5830 market buy)... stay long, keep stop at…

3x ETF A.M. Report 3.25 Tuesday

Morning Reports
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From very oversold sentiment and chart extremes , as well as cash on sidelines we are seeing a normal corrective rally to the upside.  With that said, for now clearing that 5815 zone on ES Futures now at 5830 looks more bullish for a continuation higher.   

This could…

ES Morning Report and Trade Update 3.25

ES Alerts and Reports
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Trading:  June Contract ESM5

5830 area on ES at 915 am EST

Bulls took out 5815 cleanly for now.  I can make a bullish case to 5950 plus here from 5830. This is a possible wave 3 up from 5650 zone. Clearing 5815 pushes odds a…