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S&P 500 emini futures day trade ideas for Monday, May 16Although I do not have access to a Market Profile indicator on TradingView , I've shaded in the areas (on a 30 minute bar chart) where I see two separate distributions from Friday's double distribution trend day selloff. If the market opens Monday in the lower distribution, I would look to enter a day trade short if price rallies to the high of this balance and fails, re-entering the lower distribution below 2047.75 with a stop above 2049.25 (back inside the upper distribution). There is also a single print at 2051.25 and may be a more attractive spec short, as that level could be considered the "spike base" from Friday's earlier 3rd period low. Short targets would initially be Friday's low, and possibly to test last week's low at 2033.75. If that weekly low fails it opens up the possibility of trading down to 2026.00, which below that would stop the one time-framing higher on the monthly bar. If price opens Monday in Friday's upper distribution ideally I would look for a long entry if price trades down to 2047.75 with a small stop just back into that lower distribution, with initial profit target of 2058.75 - where mechanically two 30 minute periods sold off from (mechanical because it was Thursday's close). With declining NYSE volume Friday of 3.5 billion, Friday's selloff could be attributed more to weekly options expiration, and the market could be very short. With any trade monitor for continuation, and look out for a possible short covering rally.
CME_MINI:ES1!
by es-traders
S&P500 - MONTHLY FORECASTHello Traders! The very interesting situation in the S&P500 index (ES). Suppose, that the market can take a form of Horizontal Triangle (EWA/EWP HT 3-3-3-3-3) So, we will try to buy near 1-st Strong Buyer's Support and take long position at the price 1871.00 (863 843 lots). The price target - 2089.00, our hedging risk T/P - 2035.00, S/L - 1870.00 (Of course S/L 1870.00 it's the approximately price, the accurate enter to the market, will produce by the detailed EWA/EWP on 1 minute chart, using Market Profile, Volume, Footprint, Depth of Market&Order Flow analysis) If you want to see the video of our trading, be active! Subscribe and vote for us! Sincerely yours, Powerful Traders.
SP:SPXLong
by POWERFUL_TRADERS
8
6S (USDCHF mirror) - JANUARY INTRADAY FORECAST!Hello Traders! Happy New Year! We would like to present, intraday forecast - 6S (USDCHF mirror) on january 2016y, as an additional EWA, confirming 6E (eurusd) intraday forecast, within the correlation method of analysis. Besides, take a look at forming model of B.Wolfe's waves. Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume , Fibonacci. Suppose that this week (close to wednesday), the price gradually rises to strong resistance 1.00180, next we will see the creation process of cumulative delta and then expected bearish impulse! All the important prices you can see on a chart. (please pay your attention to the double variations of EWA/EWP) We wish you all the best in New Year! Sincerely your's Powerful Traders!
Short
by POWERFUL_TRADERS
6E (eurusd) - JANUARY INTRADAY FORECAST!Hello! Happy New Year! We would like to present, intraday forecast - 6E (eurusd) on january 2016y. Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume, Fibonacci. Suppose that this week (close to wednesday), the price gradually decreases to strong support 1.07580, next we will see the creation process of cumulative delta and then expected bulish impulse! All the important prices you can see on a chart. (please pay your attention to the three variations of EWA/EWP) We wish you all the best in New Year! Sincerely your's Powerful Traders!
Long
by POWERFUL_TRADERS