The3xETFTrader

The3xETFTrader

ES Alerts and Reports

ES Morning Report 5/8/24

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 ES TRADE ALERT/IDEA 5/7/24- stopped out  - LONG over 5190, currently 5210, Target 5250 to sell, Stop at 5189

5188.75 stopped us out this morning on trade alert/idea yesterday for about 20 point loss. I will continue to monitor, this pullback for now is normal for…

ES Morning Report 5/7/24

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 ES TRADE ALERT/IDEA  - LONG over 5190, currently 5210, Target 5250 to sell, Stop at 5189

Bulls taking out 5200 is confirmation for now, so we can play long with tight stop

1 Hour Chart



 

 


 

 
 

 

 



 

 
 

ES Morning Report 5/6

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 ES TRADE ALERT/IDEA From Friday...   5130 can go long, stop tight 5120 due to volatile conditions target 5170-5190 to sell, 5146 currently

  TRADE UPDATE-  we got the entry at 5130 last Friday and we hit my sell zones for nice 40 to 60 Point…

ES Morning Report 5/3/24

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 ES TRADE ALERT/IDEA:   5130 can go long, stop tight 5120 due to volatile conditions target 5170-5190 to sell, 5146 currently

 ES 5145 area. TRADE UPDATE-  Stopped out at 5060 yesterday if you were long at 5070

Crazy volatility continues obviously 100 points swings in…

ES Morning Report 5/2/24

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ES 5083 area. TRADE UPDATE-  Stop 5060, take profits 5120 if hit

The long trade triggered at 5070 yesterday with a spike high of 5125. Unfortunately I was going through a non service zone on a train and could not put out a sell or raise stop…

ES Morning Report 5/1/24

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ES 5155 no real change from yesterday morning, 5137 lows are actually a key fibonacci pivot point to hold... otherwise I still see 4964 lows retest if 5137 area fails.  Pretty clear the C wave is underway. Most of the time it will retest the A wave…

ES Morning Report 4/30/24

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ES 5144 working on this possible abc-B wave up from the 4964 lows to 5190 area.

Market in no mans land here, still possible B wave topping point in here up to 5190

 ES TRADE ALERT/IDEA:  Short at 5185 if hit, stop 5205      

ES Morning Report 4/29/24

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ES 5146 working on this possible abc-B wave up from the 4964 lows to 5190 area.

Notes from Friday repeated... 

We have not yet taken out the 5190/5200 zone on this bounce up from last weeks 4964 lows. My updated 2 hour chart shows you what…

ES Morning Report 4/26/24

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ES 5118, high 5130... possible abc- B top working in here on this bounce

We have not yet taken out the 5190/5200 zone on this bounce up from last weeks 4964 lows. My updated 2 hour chart shows you what MAY be the pattern... abc- B…

ES Morning Report 4/25/24

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ES 5043

Yesterdays pre market note repeated for reference

 Futures got past 5100 resistance zone and hit 5125 highs. You can now consider 5190 as possible for this B wave rally.  Normally you will get a C wave pullback after this bounce to test the lows…

ES Morning Report 4/24/24

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Futures got past 5100 resistance zone and hit 5125 highs. You can now consider 5190 as possible for this B wave rally.  Normally you will get a C wave pullback after this bounce to test the lows or lower... with that said, it's possible the 4964 lows…

ES Morning Report 4/23/24

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Futures 5063 area, low late last week 4964, Target is near 4910 still in my opinion after bounce to 5070/5100 area resistance zones

ES TRADE ALERT/IDEA:    Next best option is short at 5070, add at 5095, Stop at 5110 in my opinion
 
Frankly the same…

ES Morning Report and Trade 4/22/24

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Futures 5031 area, low late last week 4964, Target is near 4910 still in my opinion

ES TRADE ALERT/IDEA:    Short 1 tranche at market, another at 5050, Stop 5065, target 4920 possible 

4990 zone hit and then some last week, so we are bouncing off…

ES Morning Report and Trade 4/19/24

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Futures 5044, low of 4964 overnight on conflict concerns overseas

ES TRADE:  We stopped out for 30 points profit on our short, then the bombs went off last night and we dropped 100 points, too hard to predict...

 5070 zone I projected hit and pierced…

ES Morning Report and Trade 4/18/24

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Futures 5071, low 5047- Missed entry again by 5 points to short

ES TRADE: Short at 5090, stop 5120, Target 4990

 
5070 zone hit as projected, we may not always have trades that we enter but I try to give my best guidance as possible always…

ES Morning Report and Trade 4/17/24

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Futures 5104, high 5123.25 yesterday missing my short entry by 1.75 points so far

ES TRADE: Short at 5125, Stop 5140, Target 5075  STILL VALID 4/17/24

 
Repeating from Monday:

Again, pullback to 5070 zone still possible. Also we have added in the Element of Mercury in…

ES Morning Report and Trade 4/16/24

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Futures 5110 down 100 from yesterday morning, near my 5070 pivot, the low was 5081 overnight just 11 points off my projection and here a bounce up... high so far 5120 area

ES TRADE: Short at 5125, Stop 5140, Target 5075

 
Repeating from Monday:

Again, pullback…

ES Morning Report 4/15/24

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 Futures 5211 up 43 this morning, low of 5150 last Friday

5235 area resistance, 5070 area very possible on corrective action still

Again, pullback to 5070 zone still possible. Also we have added in the Element of Mercury in Retrograde that started on April 1st…

ES Morning Report 4/12/24

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Futures 5200 area

5235 area resistance, 5070 area very possible on corrective action still

We missed short entry yesterday but then it would have hit much later on, but stopped out quickly for 10 point loss.  We then pushed to 5256 area in early afternoon and then…

ES Morning Report and Trade Alert 4/11/24

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Futures 5211, Key support is 5200, April volatility continues

5235 area resistance, 5070 area very possible on corrective action still

This volatility and consolidation/correction I expected in April after a strong 1st quarter. Most of the noise about interest rates and what not is just that, "the…

ES Trade Update 4/10/24

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ES Trade post mortem 5210 post Inflation report today

5254 at time the alert was E-Mailed and Texted, by the time you maybe opened it we would have hit 5250 stop points

ES hit low 5220 area and now back again to 5260's... some silly trading here

Lets again sit back and pause until we can…

ES Trade Alert 4/9/24

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ES 5266 area

This wont be a popular opinion on the internet, but I think we COULD push to 5320 again from here and its worth a trade.

Long at market, stop I would put at 5250 and or 5243 if more aggressive

Target is 5327 on the HIGH END

See the chart (4 Hour)






ES Morning Update 4/8/24

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ES 5251

Key support at 5200 ends up holding for now last week after some volatile trade

5251 is below my prior 5260 stop point last week, so running up on some resistance here.

I still do not have a clear trade I'm comfortable with but stay alert if I send one out...likely a buy the…

ES Morning Update 4/5/24

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ES 5214

Obviously the market fell out of the bunk bed yesterday almost a mini crash that I didn't see in the charts obviously. I had mentioned 5200 key support short-term earlier this week we are just above that now after hitting a 5191 low overnight. The jobs report seemed pretty normal this morning the market…

ES Morning Update 4/4/24

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ES 5298 bouncing up this morning  

Nice bounce off 5235 lows this week, now 5300.  Also noted in the 3x ETF service that the Nasdaq 100 had a behavioral 8 day correction and bouncing, so the Bulls may hang in here in April a bit.

I would go long at 5280 on a pullback with…

ES Morning Trade Update 3/28/24

ES 5309 - Long 5275 avg,  Target 5330 to sell, Push stop to 5295

End of quarter is today, so I am not clear on if we get a little profit taking to start 2nd quarter or we push higher.  Long term I'm now at 5645 for SPX target as  a reminder.

So lets push the stop to 5295 to protect a 20 point profit there, and otherwise if we see 5330…

ES Morning Update

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ES 5294- Long 5275 avg, Stop now 5260, Target 5330 to sell

Dipped post alert to 5272-5273 yesterday inside my 5270-5277 buy tranche ranges given.

Lets leave that alone and look for 5340 possible target ranges, I would take profits at 5230 though...

Stop is…

ES Trade Alert

ES 5277

Pulling back  from 5322 Post FOMC Highs now

Recall I had suggested a short at 5280-85 or so with a tight stop at 5300 last week

Normal resistance here at 5280 area per my targets I had out several weeks ago

So how to play it?

Could still push a little higher into quarter end, my gut though is still calling for correction in April

Suspect one more push higher…

ES Update

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Wave 3 powers past 5280 and I tried a topping short area but stopped us out at 5300

5313 now- 1 hour chart POST FOMC Smash...
Where do we go from here?

Again this SPX chart below shows where loosely Wave 3 equals Wave 1... typical slow down point (5280 ES)
Market is extended here but in…

ES Update and Trade Idea post FOMC

From yesterdays Trade Idea:

5199 ES Futures June

Short at 5211, Stop at 5225
Target 5161 but will update

Could push a bit higher.  Caveat is FOMC rate decision and notes are due at 2pm EST tomorrow, always a VERY volatile time to trade that I prefer to avoid, but if we get short stop is tight

Post Mortem:  We hit my 5211 entry, stopped out quickly at 5225 and then hit…
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