The3xETFTrader

The3xETFTrader

ES Alerts and Reports

ES Morning Update 4/3/24

ES Alerts and Reports
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ES 5260, low of 5246 over 24 hours, down from 5333 highs Sunday

Not feeling good about going short or long just yet, in no man's land a bit here. Still risk to 5070 if we dip harder but still watching for a trade set…

ES Morning Trade Update 4/2/24

ES Alerts and Reports
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ES 5253, down from 5333 highs Sunday

We hit 5333 highs so everyone should have taken profits per the set up for a nice 58 point win!

Now we are correcting following the window dressing end to quarter one. Normal actually for now, and in…

ES Morning Trade Update 4/1/24

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

We hit 5333 highs so everyone should have taken profits per the set up for a nice 58 point win!

Will advise on next set up, currently at 5315

ES Morning Trade Update 3/28/24

ES Alerts and Reports
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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 Trade Update 3/27/24

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

Hit 5264 lows yesterday and now near 5288. Maintain long with same 5330 profit target.

ES Morning Update

ES Alerts and Reports
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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 Alerts and Reports
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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

ES Alerts and Reports
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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

ES Alerts and Reports
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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

ES Alerts and Reports
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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

ES Alerts and Reports
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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

ES Alerts and Reports
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1 HOUR ES Chart appears toppy to me unless can clear out 5270 areaLate 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

ES Alerts and Reports
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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

ES Alerts and Reports
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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

ES Alerts and Reports
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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

ES Alerts and Reports
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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

ES Alerts and Reports
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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 Alerts and Reports
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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

ES Alerts and Reports
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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

ES Alerts and Reports
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Markets:     

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…