#ES_F Day Trading Prep for Week 8.20-8.25
Güncellendi
Levels to Watch :
Resistance - Current 4392.25-86.75 // Key for Continuation 4405.25-4398
4422-18.75 // 4434.75-28.50 // 4445-37.75
Support - Current and for continuation lower 4367.25-59.50
4349.50 // 4327-21.50 ? Not Tested.
Key HTF Support 4291.50-65.50
I wouldn't say 4378.50-74.75 is currently Support unless Globex can Hold over.
Last Week :
Beginning of the week market opened and held Current Support which gave a push back inside our Key Resistance area with a what could seem like a strong end of day push/close. To me it seemed like an end of day stop run to sell into, our theme has been sell what we can at lower prices while buyers are there then once buyers run out we move lower trapping new buyers above. Another red flag was that we didn't fully take out that 4502-09 area.
Tuesday Globex made a push out of Key Resistance, went sideways and failed which is what started our next move towards lower targets. We hit both of the big targets lower in one week, can see that closer to our bigger Support areas we were getting the more consolidation we needed to continue but we made it there.
4374-62-49 was our Key Support area on Friday and we needed to hold under for any continuation, this was also a big target where shorts would be taking profit and covering.. especially into the weekend, as well a Support everyone had their eyes on for possible bounce they have bene waiting for while its coming down? Support held and surprise we again got a stop run end of day back towards our Resistance for the day at 4392.
This Week :
This week might be a bit tricky, we had some good selling going down towards our lower targets but we are now getting closer to our bigger Support areas and there is starting to be more congestion around here. It doesn't look like there is enough strong buying here to just give us a bounce or a big reversal yet. We are still under the Supply and have been trapping more on the way down so this could take some time to clean up and or a another flush towards bigger Support where we could find a bigger bid that can give us a stronger move up or at least better hold to start bigger consolidation.
Currently our inventory is in this 4392-4362 range and we are looking to see where it could move, most of the inventory is built up over 4375 because we didn't spend as much time under it Friday. We have 4392-4403 as our Key Resistance and we would want to see market be able to push over it and look strong over it before we can start thinking of bigger reversal to head for higher stops, if we can't then that means continued weakness for now. If we do hold over 74 area and get over 92-98 then we will have a chance over Key Resistance.
If we get under 4378-74 we could see more selling towards lower Support, if that doesn't hold we have a chance for continuation lower where our targets would be 49.50 - 30s, possibly test of 27-21.50 and maybe that Contract Roll Gap area? which so happens to be above our HTF Key Support area. We will have to see if we can get in that space and fill it or do we find buyers to possibly give us a hold/pull back. If that doesn't hold we have 4310-4291 as our bigger time frame range low and its possible to either find a bigger bid or at least enough buying for hold/some sort of reversal IF we get there and of course if we find that.
Market made a big move lower and now might need time clean up, we will have to see what kind of action we get.
Resistance - Current 4392.25-86.75 // Key for Continuation 4405.25-4398
4422-18.75 // 4434.75-28.50 // 4445-37.75
Support - Current and for continuation lower 4367.25-59.50
4349.50 // 4327-21.50 ? Not Tested.
Key HTF Support 4291.50-65.50
I wouldn't say 4378.50-74.75 is currently Support unless Globex can Hold over.
Last Week :
Beginning of the week market opened and held Current Support which gave a push back inside our Key Resistance area with a what could seem like a strong end of day push/close. To me it seemed like an end of day stop run to sell into, our theme has been sell what we can at lower prices while buyers are there then once buyers run out we move lower trapping new buyers above. Another red flag was that we didn't fully take out that 4502-09 area.
Tuesday Globex made a push out of Key Resistance, went sideways and failed which is what started our next move towards lower targets. We hit both of the big targets lower in one week, can see that closer to our bigger Support areas we were getting the more consolidation we needed to continue but we made it there.
4374-62-49 was our Key Support area on Friday and we needed to hold under for any continuation, this was also a big target where shorts would be taking profit and covering.. especially into the weekend, as well a Support everyone had their eyes on for possible bounce they have bene waiting for while its coming down? Support held and surprise we again got a stop run end of day back towards our Resistance for the day at 4392.
This Week :
This week might be a bit tricky, we had some good selling going down towards our lower targets but we are now getting closer to our bigger Support areas and there is starting to be more congestion around here. It doesn't look like there is enough strong buying here to just give us a bounce or a big reversal yet. We are still under the Supply and have been trapping more on the way down so this could take some time to clean up and or a another flush towards bigger Support where we could find a bigger bid that can give us a stronger move up or at least better hold to start bigger consolidation.
Currently our inventory is in this 4392-4362 range and we are looking to see where it could move, most of the inventory is built up over 4375 because we didn't spend as much time under it Friday. We have 4392-4403 as our Key Resistance and we would want to see market be able to push over it and look strong over it before we can start thinking of bigger reversal to head for higher stops, if we can't then that means continued weakness for now. If we do hold over 74 area and get over 92-98 then we will have a chance over Key Resistance.
If we get under 4378-74 we could see more selling towards lower Support, if that doesn't hold we have a chance for continuation lower where our targets would be 49.50 - 30s, possibly test of 27-21.50 and maybe that Contract Roll Gap area? which so happens to be above our HTF Key Support area. We will have to see if we can get in that space and fill it or do we find buyers to possibly give us a hold/pull back. If that doesn't hold we have 4310-4291 as our bigger time frame range low and its possible to either find a bigger bid or at least enough buying for hold/some sort of reversal IF we get there and of course if we find that.
Market made a big move lower and now might need time clean up, we will have to see what kind of action we get.
Yorum
Globex opened and been holding over 78.50-74.75. We got a push into resistance and a flush of inventory from there to 78.50 to the tick. That is our red flag for continuation lower for short term UNLESS we get back under 78.50-74. Holding over can give us a push back towards 4392-4403-05-16.50 where we would watch if we can reach or not and what would we do around there.Yorum
This was potential Support area on bigger time frame, as long as we don't get back under 4378-74 for now this could start a few day pull back as high as 4440s-60s to the area we broke last Thursday before selling comes in again. As mentioned we had different sets of buyers at Support Friday and if they took in all the supply for now then market will rotate back towards Resistance or Supply areas. I would be careful short unless market shows weakness again and instead watch for continuation higher area to area and wait for market shows sellers again which could be at 4416-05 // 50-34Yorum
92-89 and 4505 Still needs to be taken for the long to play out if not it could trap more buyers here and still take out 78-74. Will be areas to watch going forwardYorum
So far Globex tested 78-74 area. held and we found buying there which took us to our Resistance targets at 4392-4403-05. Now we are currently at Key Resistance target and might need to give this time because we should still have supply above us and we might not have enough buying to just keep going. 4392-89 Will be our potential Support going into today and if we cant break it then we still can see a move over 4403-05 towards 4416-22.75 or so. If we do break and hold under 92-89 that could open the doors for a test of 78-74 again, this would be our pinata low we need to see broken to see weakness again, until then we could keep grinding towards higher Resistance areas. Only thing longs might take time to set up and play out because we still have sellers from trapped supply on the way up.Yorum
78-74 doesnt break no continuation, if it holds we can rotate back towards resistance.Yorum
Levels to watch today 4432-37 we would need to tag/hold above for any continuation higher. If we get back under 4424-19 we could see a move back towards previous Resistance areas that we took out yesterday to see if they will act as Support but we still have all that Supply above if sellers hit it again and if we start taking them out we could see this whole move reverse and head to test Thursday/Friday lows again. 4405-03 // 4378-74 areas to watch for continuation lower, IF that happens we watch for possible move towards that Contract Gap roll and 4327-21 area. If we do hold above 4424-19 then we can see possible push over 4432-37 today into the 40s-50Yorum
We can only see continuation lower today if 4405 breaks if not we could hold as support and have smaller range day in this 4410-40s area unless we move out of 4437.75 or 4405Yorum
under 05 we are watching for continuation lower, 78-74 our pinata low and don't forget about Contract Roll Gap if pinata gets broken UNLESS we get back over 05 then we can stay in balanceYorum
05 acted as Support, no continuation unless under. Can see rotation back towards 16.50-18.75-20sYorum
Under 05 careful long as mentioned this could make more people sell out and head for our target lowerYorum
No continuation lower today but look at that, we again trapped buyers today. 4416.50-4403 will be area to watch tonight if we cant stay over we can start our trip towards 4392.25 - 78.50 - 74.50 which is again important low if we get under or not. If we do hold 4932-4403 area then we have a chance to stay in current Value and test higher again BUT 4422.78-18.75 would be Key for any continuation higher. So far it looks like we are trapping more supply and I wouldn't be surprised to see bid drop tonight unless we can still hold and do more consolidation.Yorum
Took all night to pull back over 4416, 22.75-18.75 was our KEY area for any continuation higher, we pushed in, failed and flushed back down under 16-05 trapping more supply above. Under 05 I am looking for continuation lower IF we take out 92-89 we have 78-74 as our pinata low if we can take it I would think we could continue towards lower stop targets from this week. Unless we can hold here over 92-87 and get back over 05, that would bring stability back to hold in that Value above.Yorum
Holding under 05 and not getting continuation is also red flags for moves lower, if we do hold this lower area over 98-99 then no continuation today and instead maybe we will set up for another push towards 24-18 at some point. Areas to watch Resistance 4424.50-18.75 // 28.50 // 32.50. Support 4405-03 // 92-89 // 78-74Yorum
back at 22.75-18.75 KEY area, seems like we have sellers in the market. I would be careful long here. Unless we get over it or hold over 16.50Yorum
Market PA has been feeling very weird this week, it weas acting too mechanical. Careful of rug pull imo.Yorum
16.50 held, over 18.75-24 we could head for Yesterday high, need to hold above 18-15 at this point for stabilityYorum
32.50-37.75-40.50 possible targets over 28Yorum
Careful trading this market this week. As noted Sunday this area feels very congested, we already cleared a lot of upper stop targets this week and so far cant get back under 90s which is now our Key Support as we held above multiple tests. This is very difficult because we have trapped Supply over 4440 // 60 and above and buying above 90 so we are trapped in this congested area with size doing business, PA is very choppy and unless entries are perfect right around the levels then it is hard to get on after or need to trade quick in and out.Yorum
How weak they made the market look this week and here we are at 45-37 target. Market is very mechanical right now but need to be very patient for right entry and wait for next if missed if not easy to get chopped up. Stops above 49.75 can we run?Yorum
Yesterday market opened and pushed away from our 4405-03 Support we needed to break to head lower and we never looked back. Took the stops over Previous Day High and 4445, held above it rest of the day and after hours we got a push for next Resistance area over 65-60. Globex opened held above and pushed to next KEY Daily area but failed to hold inside so far. Going into today 4487-79 and 4465-60 areas are our Key Levels to watch if Market can't hold and continue today over 79.75-87 we could either spend the day in Balance if we trapped enough shorts under 50 for Support or if at some point we run out of buying over 65-60 and we break then we could retrace back towards 4449.75-45-34.75 and that would be area to watch for hold/continuation later on as that is the area we consolidated the most and it should act as Support unless we have heavy volume to get through it in one shot. IF we do hold over 65-60 and see strength over 79 then our next resistance area is around 4490-4502.50. So far this pull back was done on back of stop runs and we have to see if this buying sticks, our main supply is over 4487 which would make it hard to keep going today unless we get good buying. Data at 830 lets see if it shakes things up or not.Yorum
49.75 got front ran on first flush, we still have buying there. Careful trying to trade this today, we made a big move yesterday and ran the market up into KEY HTF Area, we rejected from it in Globex as we still have Supply above but also still have buyers at our current Mean which is 49.75-34.75. 78-65-60 Short was good for a quick flush but that was it so far, if we can continue holding under 65 then possible to build up enough supply to still test 49.75 later. If we can get back over 65 and start holding above then that would bring stability back and we could spend the day filling orders in this 80-60 range unless we see strength over 79 I wouldn't be looking for continuation higher today.Yorum
Nice day to the downside after failure at 87-79, 4416-05 was our Key VAL area for continuation lower, market flushed towards it, consolidated and we got the break before end of day. Had a feeling yesterday that this PA feels like a rug pull, instead we ran up the price into Resistance, sold the position and failed to continue because we have Supply above and buyers are not that strong, our buyers are under 78-74 // 62-49. Selling end of day looked pretty strong so we could see continuation in Globex tonight, 78.50-74 is our low to break for continuation, under that we have possible Support around 67-59 and next target of 49.50 and maybe under? We would have to see where can we end up tonight if we move or consolidate in tis range under 4405. We would want to see consolidation over 75 area and push back over 4392-4405 for market to regain stability again, until then we can see more weakness. Levels for Tonight **** 4392-86 Current Resistance 4416-05 Key Resistance // 4478.50-74 Current Support, 67-59.25 Next Support and area needed to break for continuation.Yorum
So far Globex consolidated over 78-75 area, made a push over 92.25 resistance and we are holding above. This can bring more buying and send us towards 4403-05 // 16.5-18.75 and 4422.75-18.75 would be our area to watch for continuation over or rejection. That is if we get over 4405 and continue. If we failed to get over 4403-05 and get back under 4392 that could bring weakness again to test our Key Support. Levels to watch today 4422.75-18.75 Key For Continuation Higher 4405-03 Current Resistance 4392 Current Support 4378.50-74.75 Key Support For Continuation lowerYorum
Failure at 05, I would be careful long and watch for continuation under 92 unless we can get back over and hold.Yorum
Weeee, don't forget about our contract roll gapYorum
Flushed down to Current Support for the week at 67.25-59.50 but couldn't break. We would need to accept under 78-74 and get under 62-59 to see continuation, we might not get it today so be careful unless it happens later in the day UNLESS market can hold over 78-74 then we could stay in this range today unless we get back over 92-05 that would change things.Yorum
If we accept back over 92 I wouldn't be looking for shorts anymore as this could take us back into value over 4416Yorum
Another failure to get back in value over 05, may we see our lower move after all? Lets see
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.