The3xETFTrader

The3xETFTrader

ES Alerts and Reports

ES Morning Report and Trade Ideas 8.5.24

ES Alerts and Reports
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Futures dropping hard, here are few bullets

5207, lows likely at 5130-5150 in my opinion for a long trade

  •  Mercury is in Retrograde from Aug 4th 20 Aug 27th- This will add to confusion, misinterpretation and volatility from a behavioral perspective
  • Japanese Yen carry trade…

ES Morning Report and Trade Ideas 8.2.24

ES Alerts and Reports
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C wave low 5336 so far, could see 5290-5300 bottom short term

Big drop for many reasons as we have a mini-crash washout here. 

SPX hit 5304 my target has been 5300 for larger Wave 4 of 3 down... QQQ my target has been 442, we…

ES Morning Report and Trade Ideas 8.1.24

ES Alerts and Reports
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ES Hit 5598 highs post FOMC
 
My guidance yesterday was in general wait for post FOMC trade 

 Wait for FOMC post decision trading this week, only go long over 5542 with a target of 5590-5600 to take profits.  
We are at .382 fib now…

ES Morning Report and Trade Ideas 7.31.24

ES Alerts and Reports
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ES 5541 interesting action...

Double bottom both on ES and SOX index yesterday is interesting

The 3x ETF service is long SOXL (3x Bull Semiconductors) because I had a 4875 SOX index target out, and it hit on the nose yesterday.  Significant because SOXL is up…

ES Morning Report and Trade Ideas 7.29.24

ES Alerts and Reports
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5513 area 910am EST

We dropped to 5480 lows off the 5433 to 5534 rally.  So far normal pullback, and again a push to 5542 would run into a 38% fib resistance zone from the ES highs to recent pivot lows.

Over 5542 solidy brings up…

ES Morning Report and Trade 7.29.24

ES Alerts and Reports
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5516 area, high of 5534 just 16 points off my 5550 target

Still 5550 possible as guidance on this bounce.  If we can push hard 5610 area comes into view but will probably need some strong shift in sentiment or a few big earnings hits for…

ES Morning Report and Trade 7.29.24

ES Alerts and Reports
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5516 area, high of 5534 just 16 points off my 5550 target

Still 5550 possible as guidance on this bounce.  If we can push hard 5610 area comes into view but will probably need some strong shift in sentiment or a few big earnings hits for…

ES Morning Report and Trade update 7.25.24

ES Alerts and Reports
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5475 area as of 930 am EST

Yesterdays snippet projected possible 5450 lows which in fact were hit on the nose...

The upside move from 5553 lows was limited and pretty shallow for a B wave  bounce. There is always a C wave as I say…

ES Morning Report and Trade update 7.24.24

ES Alerts and Reports
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5550 area as of 830am EST

A  bit drop from last night, Tesla earnings and or outlook not helping sentiment.

We stopped out at 5590 for 23 point loss, but so far avoided another 40 points below that

The upside move from 5553 lows was limited…

ES Morning Report and TRADE 7.23.24

ES Alerts and Reports
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5613 plus minus as of 10 am EST

Going long here is the advisory with a 5654 target, only 41 points upside on this one but I could revise higher as the set up on the SPX now is looking like it may sprint to me…

ES Post Market Updates Monday 7.22.24

ES Alerts and Reports
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Trade stopped out unfortunately in the morning at 5575 from 5593 entry for 18 point loss on Monday.  ES then rebounded to 5607 as of 5pm EST on Monday afternoon, perhaps the stop was a little tight

I will advise if I see another set up…

ES Morning Report and TRADE 7.22.24

ES Alerts and Reports
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5593 this morning pre market for ES, looks like a bounce with 5580 key support

GO LONG at market, stop at 5575 tight and I will advise from there


 


 
 


 
 
 
 

 

 


 



ES Morning Report and Trade 7.19.24

ES Alerts and Reports
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5580/5570 area hit and bounced a bit on Thursday. I had noted 5580 was a likely pivot point or a test which happened.  Low was 5570 and as of 6pm EST Thursday night we were bouncing to 5600... so again a possible B wave bounce up…

ES Morning Report and Trade 7.18.24

ES Alerts and Reports
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Not much of a pullback yet--- 5580 key to hold near term

No trade set up yet.  We are actually holding a basic uptrend line (see chart) and 5580 is another 80 points below the late Wednesday night 5660's print.  If that uptrend line holds, we…

ES Morning Report and Trade 7.17.24

ES Alerts and Reports
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5660 as ES pulls back hard this morning from 5721 highs

Trade Idea 7/16-  Same as Monday, lets be patient here.

We did not get past 5725, the high was 5721 which is the number I knew we had to cleanly get over to go long. …

ES Morning Report and Trade 7.16.24

ES Alerts and Reports
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As I noted last week, 6125 possible in the longer weekly views. Short term we are around 5690 climbing back up off the 5640 pullback last week

Trade Idea 7/16-  Same as Monday, lets be patient here.

ES still around 5690 as we consolidate.  There is…

ES Morning Report and Trade 7.15.24

ES Alerts and Reports
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As I noted last week, 6125 possible in the longer weekly views. Short term we are around 5690 climbing back up off the 5640 pullback last week

Trade Idea 7/15

I would advise going long OVER 5725 limit entry, stop 5700 Target as high as 5930…

ES Morning Report and Trade Update 7.12.24

ES Alerts and Reports
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 5640 as of 830am EST on ES Futures. We are down about 60-70 points from the post CPI Report spike highs yesterday. Rotation into small caps from big caps yesterday, but longer term the SPX can still move another 10% higher I think, just not next…

ES Morning Report and Trade Update 7.11.24

ES Alerts and Reports
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5660 sell target hit on Wednesday for 130 point win.  Currently ES Futures are around 5680

Tame inflation report which I projected way back early this year just came in and the market remains on track to hit my 5700-5800 SPX targets I put out on…

ES Morning Report and Trade Update 7.10.24

ES Alerts and Reports
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5644 Wednesday Morning, Sell at 5660 if hit, Stop 5600

Long at 5530, now 5644.... SELL AT 5660