** RISK DISCLOSURE ** By using SwingArm, you assume all risks associated with your use of SwingArm’s website and services. We do NOT give any recommendations as to buying or selling any stocks, futures, forex, or cryptocurrencies. Please be aware that there is always risk when trading securities and options. This is for information purposes only and not intended as investment advice. We’ve worked hard to make our software easy to use, but please remember that it is intended for use as an educational tool and not as a recommendation to buy or sell any security.
Please seek professional advice from a licensed investment advisor when making trading decisions.
TradingView, TastyWorks, ThinkOrSwim, Ninja Traders, Tradovate and Pro Real Time are registered trademarks of their respective oweners.
Visual / Color Coded Alert System, That Allows A Futures Trader To See An Upcoming“ Significant Market Move” Prior To The Event Occurring.
21 thoughts on “S&P 500 Futures”
At 8:00 AM EST, the ES Futures market presented an excellent opportunity for a long position, with a potential gain of 30 points.
This was followed by a sharp drop of another 30 points. Throughout these market moves, the SwingArm High-Pressure System proved to be a reliable guide for making successful trades.
To see a visual representation of these market movements, check out this chart: https://www.tradingview.com/chart/dw9cl1WY/ on TradingView.
Don’t miss out on opportunities like these – use the SwingArm to help you make informed trading decisions.
“Just witnessed a massive 50+ point bounce in ES 500 Futures after reaching a significant SwingArm Point of Control. While the entry was triggered during Europe open, these zones were highlighted weeks and even months in advance using the SwingArms. #trading #ES500 #swingtrading” https://www.tradingview.com/x/CjLGqJrL/
During the premarket review, we begin with a higher timeframe analysis, which remains relatively consistent day to day. As illustrated on the chart I’ve been sharing, the 2-day chart, trend lines, and quarterly point of control are driving the market higher toward the 8-hour zone extremes we reached yesterday.
As the 8-hour timeframe is more significant, it has the potential to initiate a backtest of the prior broken-up swing arm, the 4-hour. While this is not a certainty, it is a possibility as price moves between support and resistance levels. Yesterday, we saw minimal resistance from sellers at the 8-hour extreme zones, and the 15-minute high-pressure point broke down. Today, it may be tested, but it could also break up, as it is a much smaller timeframe compared to the other drivers of the market.
Regarding probabilities on the 15-minute chart, we have a 62% to 68% bearish bias, which offers guidance on the potential backtesting of supports.
When it comes to swing arms and price behavior, we know that when price enters a swing arm’s zones, they become support and resistance levels and may be tested. Price has entered the 8-hour zones, which offers a range of potential moves in the coming days. Additionally, the 4-hour break is also in play, and the price action may drop as low as that level.
These general rules provide a GPS-like view of price direction. The lower timeframes reveal actual price behavior and the current trend. The waves also provide guidance on potential consolidation or trending price action. Currently, the one-hour waves are flat, which indicates consolidation and a possible test of highs and lows.
ES500 futures trading is all about the low timeframes guiding the way. By reviewing the prior pre-market analysis, you can see how zones provide clarity about the potential price action. Probabilities give an added view to potential market movers before they occur.
ES Futures Images
Review of ES Futures Week: The SwingArm High-Pressure System by blackFLAG Futures Trading was utilized as we began the week by testing the resistances of the 8-hour extreme zones. Price held at 4080 but eventually fell to 3881 by Friday afternoon. The high-pressure system provided ample guidance and opportunities to short in the direction of pressure, with high probabilities of a lower trending price targeting major supports below. Looking at the higher 2-day timeframe perspective, the price started by backtesting the trendline resistance on Monday and ended by backtesting the trendline support on Friday afternoon.
Links to supporting charts provided to members along the way:
— Today at 7:57 AM
Good morning traders, it’s Monday March 13th, 2023. I would like to introduce a new chart setup, which is a simplified version of the previous one. This chart is designed for larger trades, rather than short-term scalp trades, although it can still be used for scalping purposes on a 1-minute timeframe.
Looking at the bigger picture on the 2-day timeframe, price action remains within a triangle formation and is currently above the Trend 6 line, indicating a bullish trend. On the 1-hour chart, we can observe price action within the zones of the 1-day swingarm, which is acting as both support and resistance levels. Overnight, we saw a break above the 1-hour swingarm high pressure, creating a bullish high pressure bucket and a subsequent bounce.
In the upcoming US session, it is likely that price action will attempt to test the bullish high pressure zone. However, the probabilities are still negative, which is unfavorable for buyers. This setup offers opportunities for two-way trading until the probabilities shift towards a bullish sentiment.
Understanding how price behaves within swingarms, it’s possible that price action may attempt to test the extreme zones of the daily chart. Currently, the 1-minute 28/9 setup is bullish within the high pressure bullish zones, which offers a long entry setup. It’s important to note that the potential for higher levels of volatility exists, particularly given Friday’s market behavior. Therefore, while going long at the moment may seem attractive, one may need to be prepared for a stop-out below 3884 (9 points of risk).
Based on the current chart analysis, we can see that both the 1-hour and 2-hour timeframes are at extreme support levels. Additionally, the 1-hour high pressure bullish bucket is indicating a long entry setup, which supports the potential for a bounce. The daily support trend 6 is also in alignment with this setup, further adding to the bullish sentiment.
Moreover, the backtest of the 2-day trendline also supports a potential bounce, highlighting the importance of this level in the bigger picture. Overall, these technical indicators suggest that the current setup favors a bullish momentum in the short-term.
As always, traders are advised to monitor these technical indicators closely and remain vigilant to any sudden shifts in market sentiment that may impact their trades.
The current price range for ES500 includes resistance at the 2-hour zones above and support at the daily extremes. At present, the price is hovering around the middle of this range. By buying at the support levels, we were able to secure 47 points of profit. Currently, we are monitoring the charts for another opportunity to reach the extremes before considering a new entry.
It’s important to note that this range-bound market presents both opportunities and challenges for traders. While the support levels offer potential profits, the resistance zones can be a significant obstacle to overcome. Therefore, we must remain vigilant and stay on top of market conditions to identify the best opportunities for profitable trades.
Overall, careful analysis and patience are key to navigating the current market conditions and identifying the most advantageous trades. Keep a close eye on the charts, stay disciplined, and remain alert to potential market shifts that could impact your trades.
As we enter the triple witching week, it’s important to pay close attention to both contracts as they can provide valuable insights into potential price levels. By analyzing both charts, we can gain a deeper understanding of market dynamics and identify areas where price is likely to respond.
In particular, the 2-hour ESM2023 contract has proven to be a reliable source of information, providing an exact bounce point when compared to the ES1 contract on both the 15-minute and 1-minute charts.
As always, it’s important to remain vigilant and keep a close eye on both charts to ensure that we are making informed and accurate trading decisions. With careful analysis and disciplined trading, we can take advantage of the unique opportunities presented by the triple witching week and come out ahead in our trades.
— Today at 8:18 AM
Prior to the release of major news, a review of the 2-day and 15-minute chart indicates that there has been no significant change. However, the price for ES500 futures has been observed to bounce from daily extreme zones, and is currently targeting resistances above.
Considering the impending major news, there is a likelihood that the price may experience a boost in either direction. Based on the analysis of probabilities, it is plausible that the price may bounce, as the bearish probabilities appear to have been played out to extremes.
From a technical analysis standpoint, the current market conditions exhibit a 2-hour sell high pressure and a 1-hour buy pressure squeeze. In order for the market to establish a clear trend, these opposing forces must reconcile and achieve a state of equilibrium. Until then, the price is likely to remain range-bound.
In the market, the buyers’ influence seems to be increasing gradually. As pointed out by @deppilf, the price level at p89 is acting as a support, while the resistance pressure at P34 is showing signs of weakening and could potentially be breached with further price increases. However, it’s worth noting that the seller’s yellow zone of the 2-hour extreme is located just above, and this may impede further upward price movement. It’s likely that additional pressure needs to accumulate before the market can experience a significant shift in direction.
2 Hour Chart View
Reading the SwingArm High Pressure Indicator:
It’s crucial to observe how the system generates the “pool table” based on the pressure perspective. On the 15-minute chart, take note of the positions of the 2-hour swingarm yellow and the 2-hour blue box, which essentially depict the pool table for the 2-hour timeframe, including the resistance and support zones from one extreme to the other. However, it’s apparent that these pressure zones are not currently synchronized. The price will only start to trend when they are in agreement, which means that they are either both yellow or both blue.
The SwingArm externals are designed to identify the two largest timeframes involved in a squeeze where price is moving within them. Any lower timeframes within these external timeframes become internal SwingArms. Price movement from a SwingArm squeeze occurs when two or more SwingArms are in conflict, pushing in opposite directions. As price moves from the extremes of the externals, the internal swingarms are broken on the way to backtest the active large timeframe pair. An example of this is when the price moves to Zone 4 of the 8-hour timeframe, then turns and attempts to visit the Zones of the daily chart and any lower timeframe in the range is an internal swingarm likely to break as backtesting occurs.
SwingArm daily extreme zones deliver a bounce 130 points
#ES_F #tradingview #indices #bullishswing
It’s important to note that the market can remain overbought or oversold for a longer period than most traders are willing to hold their position. This means that traders need to exercise patience and discipline when trading in these market conditions and be prepared to hold their positions for an extended period if necessary.
Notice the Optimal Entry Box and notice where the Optimal Entry Line was. That is where the entries must be and the stops are right below the blue box.
Based on current market conditions, there is a possibility that the price may reject the current zone and move lower to attract buyers. However, on the next attempt, it may potentially break up. The key factor here is how the price responds to the support or resistance zones over time. Generally, prices tend to hold after the 1st, 2nd, and 3rd hits, but may break after the 4th hit.
ES FUTURES today’s trade opportunities video review
As I analyze the charts this morning, the 2-day setup remains unchanged despite the week’s activity. Yesterday’s attempt to reach the 1-day Point of Control (POC) was unsuccessful, as price reversed back to support levels during the European session. For those who traded during that session, the 1-minute chart provided a clear entry from the top, which has now become support. The bullish zone from yesterday can now be considered complete, and price may now aim for the next blue zone below. At 8:30, news is expected to bring volatility, potentially reaching 3840 and the 2-hour optimal entry at 3800 (sometime today). It’s like the opposite sides of a pool table, with 2-hour swing arm high pressure resistance above and 2-hour high pressure support below. While we cannot predict the market’s behavior, we can rely on the pre-drawn zones to observe how the system responds and take advantage of long or short setups as they develop over time.
It is crucial to remember that the 2-hour rejection above aims for the 2-hour support below. Although it may take some time, that is its intended target. The optimal line of the 2-hour may face testing after market open, which is possible. When taking a position, make sure to calculate the risk, place a stop and take action while being comfortable with the outcome, irrespective of what it may be.
Keep in mind that the 1-minute swing arm 28/5 setup can be misleading due to its low cycle. The higher time frames, such as the daily zones swing arm, provide stronger areas of interest where price reacts, leading to the occurrence of cycles in lower time frames. All of this action takes place within the blue box, which serves as support and resistance until there is a breakout. Today’s trading has been slow with no discernible trend, with price oscillating within a narrow 20-30 point range.
With the passage of time, it is becoming increasingly evident that the current blue box lacks the pressure required for price movement. It may eventually break down to lower levels to seek out buyers.
Today’s ES500 futures trading signals include one buy signal and three short signals, with a potential target of 3845 zone. Keep an eye on the swing arm high pressure blackFLAG to make informed trading decisions.
% numbers on the 15 Min Chart: These are the probability numbers for the high pressure regular versus news setups, indicating that price is likely to descend to supports from higher time frames. Once these numbers reach 90% or higher, the move has essentially played out.
Trading is not a job, it’s a path to profitability. Best signals occur early on and some days are easier than others. Remember, you don’t have to trade the whole day to make money. Allow the system to set up and provide alerts for entry.