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MINI

ES (S&P 500 E-mini) at Strong Resistance! Short @ 2816Thanks to the US-China trade war cease-fire, traders are set to panic back into stocks on Monday. There is strong resistance in the futures at the 2818 level. It's likely that this level will serve as resistance on the first attempt to break it. It is, however, very likely that it is eventually broken. Short ESZ8 (December E-mini S&P Futures Contract) @ 2816 Stop: 2821 Target Price #1: 2801 Target Price #2: 2785
CME_MINI:ES1!Short
by TradeWithAdam
2
E-MINI S&P 500 FUTURES - STILL WAITING FOR TRIANGLE BREAKOUTGood Afternoon! I continue to watch the ES1! with the symmetrical triangle chart pattern that developed with the trend-lines of the Jan/Feb highs and Feb/Mar lows converging toward each other. There is a higher probability of the pattern breaking out to the long side, but if the bottom leg of the triangle does not hold look for drop to the short side. I am intently watching the ES1! and am patiently waiting for a break of the triangle pattern on the daily or hourly charts. Potential resistance levels for a high-side break-out: R1: 2806 R2: 2880 Potential support levels for a low-side break-out: S1: 2644 S2: 2526 Happy Trading! KP
CME_MINI:ES1!
by pisaniello
S&P 500 E-MINI FUTURESWhich way will the ESM2018 go? I attempted to draw chart trends from the recent correction in February, 2018 through present. It appears there is a triangle chart pattern forming, but I am having trouble identifying whether it is bullish or bearish. If it breaks below the bottom support of the triangle, I am short for a test of the recent lows. If it bounces off of the bottom support of the triangle, I am long for 2800+ target. Note - I also am using a squeeze indicator that is showing a 3 day period of tight volatility in the ESM2018. I will base my position on the direction of momentum after this squeeze period comes to an end. What do you think!? KP
CME_MINI:ES1!
by pisaniello
ES - E-Mini ChallangeSince I mostly trade in the higher timeframes like daily, weekly & monthly, I sometimes need to sharpen my eyes and mind. This can be done in the lower timeframes like hourly and even minutes...gee I hate these lower TF's because I'm not really good in these lower environments. But to evolve and to take bigger steps, one has to leave the comfort zone. So do I... OK, here is a trade I consider: If price closes below the L-MLH (white), I would stalk a short trade. My idea is to wait for a potential pullback, a test/retest. Hunt mode on... P!
CME_MINI:ES1!Short
by Tr8dingN3rd
ES - Emini S&P 500 - IndicesWith bank earnings coming up this week, the line in the sand to keep an eye on will be the 2400 level. Breaking it will accelerate the selling into the 2385 level and eventually take us to the 2360 if buyers don't show up to enforce a bounce. Many analysts have been announcing a correction since last summer, and the uptrend has just expanded even more. My only take on this is the following: "A market has to break lower in order to continue higher" - Over the past years we have seen many small 2-3% pullbacks in the market, just to take us to the next higher level. Don't be confused or panic when you see this type of moves, we are clearly still in a bull market. Are we in the last innings? Maybe. But with all the geopolitical worries, at home and abroad we still have not experienced any serious selloff in the markets. My 2 cents are: "Be always aware of what you trade, and take advantage of opportunities in a daily basis" Keep up with your trading, Cheers!
CME_MINI:ES1!
by ESLIVE8DOTCOM
One more little push up and then we might go south for a whileFrom the election night panic low, the Trump rally generated a nice impulse wave on the Globex Market that was followed by a very muted correction not even reaching a more acceptable 23.6% retracement suggesting we are not done correcting the Trump Wave. and actually the rally from Nov 11th is seen as part of that correction. Yes a rally within a decline. Even if you are not a waver, the market is wedging higher and that is not exactly the most bullish structure. We think once over it will lead to a sharp decline below 2148 and can go lower. We will update the chart once our expected decline is underway For the wavers, as usual there's many ways to label short term price action and maybe my wave B of an expanded flat is over but just because seasonality suggest Thanksgiving week tend to see prices going up we presumed the wedge is not over. But we will let someone else try to catch the last drops of this rally.
CME_MINI:ESZ2016
by yauger
E-Mini, SPX: Structure Remains Bearish Below 2169!Market has been trading in a corrective (b) and (c) wave these last 30 days and we are very close to a significant bottom on (c) wave that will complete a wave 2 around 2080 area. E-Mini 60Min Chart - October 23, 2016 In the above chart, we have a clear Ending-Diagonal wave (c) of 2 and we are currently at the wave iv-v of this wave (c) that might complete this week around 2080 area. Even though we would prefer green wave iv to have completed, we are leaving an open path for an extended wave iv (green "or iv") that might hit 2148-50 area. Chart of SPY below can accept a higher wave iv and looking at E-Mini indicators above we might see that 2148-50 before going down one more time to fill wave v of (c). SPY 15Min Chart - October 23, 2016 We are already positioned short at 2135 E-Mini price level and invalidation point of this bearish view is 2169.
CME_MINI:ES1!Short
by ImpulsiveWaveTrading