ES Alerts and Reports

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…

ES Update and 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

ES Update 3/19/24

Im a bit under the weather as I took very ill yesterday afternoon. I will try to do a further update after 1030am EST today

ES did not hit my 5250 area entry to short, but now standing around 5194, topping process appears to continue

I'll have update and trade parameters out after 1030 am EST

ES Update and Trade Alert

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1 HOUR ES Chart appears toppy to me unless can clear out 5270 area
Late last week I said if you wanted to try a 5183 market short with 5125 target and 5200 stop would be worth a shot. We dropped to 5168 then pushed to 5202, stopped out the trade, then pulled back.  This morning we…

ES Update and Trade Alert

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Well we missed the 5160 area short spot I wanted this week, good news is my spidey senses to short were correct, bad news is we missed the entry point but about 10-11 points before the market turned south.

I can see 5125 area likely if you want to short this current 5183 area with 5200 stop

ES Morning Update

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Nothing much has changed at all as of Thursday morning 915 am EST

5242 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position…

ES Morning Update and Trade Alert

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5242 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position is next on tap

Yesterday I said 5240 loosely to look at a…

ES Update 3/12/24

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5203 June Contract  (Quoting June Contract now going forward)

Possible rally to 5280 on the high end which is equivalent to my 5220 former March contract projection

That said, spidey senses here are that we are LATE in the rally and a short position is next on tap

5240 loosely I am looking for us to short…

ES Update 3/11/24

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ES stopped out

No position, watching action

Stopped out at 5110 about 34 point net loss on the avg of the two tranches we went long on.  Markets unfortunately reversed hard in the afternoon on Friday with NVDA smashing lower out of the blue as well.  About a 3.3% loss on the trade.Weekly chart 5157 on…

ES Alert Update

ES at 5155, Stop 5110, Sell at 5210... add at 5130-5135

Not much change net net from the alert yesterday, again I would go ahead and be long here and then add at 5130-5135 ranges... (Pushed it up 5 points)  Stop 5110 still.  A push to 5220 still possible not necessarily today. If you see 5210 sell.

Yesterdays Alert Repeated:
Long at market about 5155 IF AGGRESSIVE TRADER, otherwise wait and go…

ES Trade Alert

Long at market about 5155 IF AGGRESSIVE TRADER, otherwise wait and go long at 5130 and or also Add there if hit

Stop 5110

Target 5220 on high end but will follow

ES Morning Update 3/7/24

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5090 big dive in the overnight lows but now bouncing way up to 5133, this is tough action to trade here, but tighter stops are going to be important.

My spidey senses are wondering if we double top around 5150-5160 soon, the 30 minute chart again is choppy and hard to put a pattern…

ES Morning Update 3/6/24

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ES hit a low around 5171 yesterday (March Contract) and now trading up to 5113 area which is normal resistance loosely from last weeks highs.

Uptrend is still intact as we can see from my 4 hour ES chart, with a possible 5220 target still alive.

If we take a long position again, I…

TQQQ stop 59 intra-day

SETTING Intra-day stop at 59 on TQQQ to be protective

ES Morning Update 3/5/24

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Markets: 
  5117 ES down from 5158 highs

We sold out at 5138 and 5110 from 5077

5140 is a natural resistance zone, and possible top of 5th wave up... but not yet confirmed.

Trading in here is tricky, if we go long on a dip it will require a tight stop in the event 5th wave…

ES Update 3/4/24

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 5220 possible now but lets see if we get a pullback

Closed or you should close out our 5077 net entry trade at 5135-5140 area per the Friday text...

Will advise soon on next Trade... market is in bull mode until it's not but I like to take profits along the way and reset.  One of…

ES SELL ALERT

5138

Sell remainder half and close es trade

5110 first half sold today earlier 

ES Trade Alert Update 3/1/24

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 ES at 5102 plus minus, 5077 avg entry

We have an average of 5090/5065 entries on our latest trade for about 5077

Push your stop to 5080 from 5063

Sell 1/2 at 5110 if hit, hold 1/2 from there

ES Trade Update 2/29/24

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 ES at 5097 up from 5063 lows this morning on a PCE inflation report the market likes.

We have an average of 5090/5065 entries on our latest trade for about 5077

Push your stop to 5063 from 5050

Sell 1/2 at 5110 if hit, hold 1/2 from there