3x ETF Morning Report 4/29/24

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Markets:   Still holding up on a possible a-b-c B wave bounce off market correction lows per the Friday morning report on 4/26... 5145 Futures now, 5147 uptrend high from 4964 lows of the correction... 
  •  abc- B wave is common on relief rally, then often…

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…

3x ETF Trade Alert 4/24

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TQQQ Currently 52.35 area

I think this is a chance QQQ ETF which underlies TQQQ bottomed in price or close last week, but we also may get a re-test of that low or a bit lower.  However, if we already bottomed in price then we…

3x ETF Morning Report 4/23/24

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Markets:  
  • ES at 5065 this morning,  near a 5070 resistance zone. SP 500 could squirt a bit higher yet on this bounce off last weeks lows.  The correction MAY have ended last week price wise but pattern wise usually you get  re-test of the…

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…

3x ETF Trade Alert 4/22

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BITX 44.22 currently pre market 4/22

Bitcoin could move to 73,000 area to test prior highs, which would push BITX up as much as 24% from current levels, again one day at a time but possible.  The ABC pattern may have completed as a correction…

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…

3x ETF Morning Report 4/19/24

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Markets: Repeating views below 
  • 4963 lows on ES futures overnight, I had projected 4990 yesterday morning in the ES trading service, we went short and made a profit but closed out 5060 before the supposed bombs hit overseas and caused a mini crash. Futures…

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…

3x ETF Morning Report 4/17/24

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Markets: Repeating views below 
  • 4990 SP 500 coming into views, my April 2nd forecast for KEY SUPPORT, below that is 4820-4850 per Monday update  
  • Again, Mercury Retrograde goes until April 25th, lots of confusion during this window on news events etc.
  • Stay patient…

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…

3x ETF Morning Report 4/16/24

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Markets:

 
  • 4990 SP 500 coming into views, my April 2nd forecast for KEY SUPPORT, below that is 4820-4850 per Monday update  
  • Again, Mercury Retrograde goes until April 25th, lots of confusion during this window on news events etc.
  • Stay patient and let the…

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…

3x ETF Morning Report 4/15/24

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Markets:

ES Futures at 5205 Monday morning after washout late last week. I realized that Mercury is in Retrograde from April 1st until April 25th, and that my friends adds to volatility, mis-interpretation, over-analyzing, and bad decision making on behalf of humans. Those who have…

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…

3x ETF Morning Report 4/12/24

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Markets:

ES Futures at 5200, the support line this morning but flying all over the place here in April. Volatility to continue, perhaps some frustration but we are executing pretty well considering.

 3x ETF Positions/Notes:

 

  •  BITX $50.94 currently, high over 52 earlier…

3x ETF Trade Alert 4/11/24

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Time to get long YINN 3x Bull China (FXI is the underlying ETF), potential 33% upside intermediately, but one day at a time

YINN- 20.42

Max Entry 20.80, adding to potential 19.30-19.40 on dips, 10% position to scale in
No Stop
Target as high as…

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…

3x ETF Morning Report 4/11/24

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Markets:

Futures bouncing up some this morning on a calm producer price index report, vs yesterdays Inflation report which pushed everything down. 5200 on ES futures remains a key pivot, 5140 on SP 500 is another to watch, if we pierce that then a confirmed…

3x ETF Morning Report 4/10/24

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Markets:

Hot Inflation report pushes SP 500 futures back to 5200 support zone this morning. Bitcoin pulling back some more as well from this weeks Monday morning smash higher. 

3x ETF Positions/Notes:

  •  BITX $47.88 down pre market, down from $55 highs early Monday morning.10% Remainder…

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)






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