03.30 - 04.03 Futures & Options Trading Highlights
1️⃣ Futures
2️⃣ Index Options
3️⃣ Stock Options
#stockmarketinvesting #stockmarket
#futuresmarket #futurestrading #financialindependence #sp500trading #daytrading #daytrader #es_f #investingstrategy #markettrend #bearmarket #bullmarket #bluevillecapital
#ES_F $SPY $SPX #NQ_F $NDX $QQQ Futures Weekly Points Summary from Mar 30 - Apr 3. #ConsistentProfits #BluevilleCapital
#ES_F I wrote Tue 'I need to see the first minor indication of strength on the chart which would be time spent back above 6657, the minor Control, otherwise it's still a falling knife'. I wrote yday 'ES hasn't reached that level yet and for now I'm assuming this is just a 'normal'.. more on chart
#ES_F See yesterday's note, on chart. I wrote that 'three consecutive days of Significant Selling (red) is rare' and that it can 'sometimes mark capitulation or at least exhausted Sellers and potentially a bounce'. ES has rallied strongly. I also wrote that 'I need to see the first.. more on chart
The market shows an elongated multiple distribution, driven by easing geopolitical tensions and with a bullish bias, with POCs acting as support.
The structure remains tricky, long liquidation could trigger a pullback toward 6500, a potential reload zone.
$SPX $SPY #ES_F
Sold every long ES contract I had into this rip. TACO will provide more dips to buy on the next dementia dip.
Dead on assessment. 👇
#ES_F #CL_F
#SPX #QQQ
#ES_F Three consecutive days of Significant Selling (red) is rare. Certainly indicates a very one-sided market but 'can' sometimes mark capitulation or at least exhausted Sellers and potentially a bounce. Not very helpful I know. If it's the latter I need to see the first minor... more on chart
We have a double distribution profile within the current market context, accompanied by some short covering. The market is opening around the lower distribution, with initial signs of buying and continued short covering.
#ES_F $SPX $SPY #SP500 $VIX
#ES_F Last week had another weak structure with Friday's Value Area being the lowest. The First minor indication of strength would be time spent back above 6657, the minor Control. Weekly technical trend is down, see inset chart.
#ES_F #SPY #SPX #NQ_F #NDX #QQQ Futures Weekly Points Summary from Mar 23 - 27. #ConsistentProfits #BluevilleCapital
Another day, another $SPX $SPY #ES_F bear signal. Support is at 6400 and resistance at 6425. Things look awfully easy to squeeze to the upside today but bulls are gonna have to work for it.
#ES_F I wrote yday 'minor Control has now migrated slightly lower to 6657 & first indication of strength would be time spent above that level'. ES generated a Value Area below that price & as I wrote re Wed 'That's not great price action'. Still waiting for the first minor indication of strength.
Can you imagine what kind of news catalyst #ES_F would need to have a DOWNSIDE -238 handle move as fast as this upside move happened?
"Crashing UP since 2008...." 🤪🙄🤨🤔
So uh, its generally really bearish when the gamma flip gets over the delta flip. Godspeed.
$SPX $SPY #ES_F
Support line got spit in the face. Channel edge would be next entry area to fade shorts.
#ES_F #CL_F
$SPX $QQQ
Lower highs on the hourly continue stay unapproached or danced with. #BearMode
#ES_F #CL_F
$SPX $QQQ
With the move down on $SPX we are now close to the lower daily implied move. Puts tend to price up quickly below the daily implied move, which could lead to a bounce as vol sellers move in. Watch 6513.5 closely!
$SPY #ES_F
#ES_F I wrote yday 'In the shorter timeframe there is a 15day Control at 6668, and price relative to that level is worth monitoring'. You can see from the chart that 6668 was Resistance yesterday. That's not great price action. That min Control has migrated slightly lower to 6657 and...more on chart
#ES_F In the longer timeframe the Major Control remains at 6853 and as I wrote 5th March 'I won't look at new longs currently below the Control, 6853'. Position is still weak.
In the shorter timeframe there is a 15day Control at 6668, and price relative to that level is worth monitoring.
Zero technical levels of interest to add longs back, Fib retracements look flimsy as well. Probably a "sit it out" session today until ranges mellow out.
#ES_F #CL_F
$SPX $QQQ
From one channel edge to another. Probably no chance of retesting the lower band again with President PDF capitulating every few days. Doublewide and sideways for now?
#ES_F #CL_F
$SPX $QQQ
03.16 - 03.20 Futures & Options Trading Highlights
1️⃣ Futures
2️⃣ Index Options
3️⃣ Stock Options
#stockmarketinvesting #stockmarket
#futuresmarket #futurestrading #financialindependence #sp500trading #daytrading #es_f #investingstrategy #investinginyourself #bearmarket #bullmarket #bluevillecapital
#ES_F #SPY #SPX #NQ_F #NDX #QQQ Futures Weekly Points Summary from Mar 16 - 20. #ConsistentProfits #BluevilleCapital
#ES_F pre-RTH today ES has tested 6560 - see yesterday's note (it's on the chart). Rejected so far, would be good for Bullish case if this level doesn't get retested now. Will update an hour into RTH
