15 MIN. P144 On NQ.
There is a squeeze for both instruments. Do not force trades with hopes of big trades. you may scalp zones such as 15 min extremes.
In the meantime, I see support zones on the 1 min causing the bounce or resistance on the 15 min.
2 HR VIEW of Both Instruments
Be aware that on the 1 min ES, we have a bullish 1 min swingarm. That can be easily broken by the magnetic power of the 4hr extreme zone so close. Just a reminder.
TOS Side by Side
In the meantime, I see support zones on the 1 min causing the bounce or resistance on the 15 min.
Remember this? 1 Min Supports to 15 min Potential. All we can do is consider the zones and trade from extreme to extreme. With enough room to minimize the risk of entry and have a potentially higher reward. The bullish 15 min box on NQ gave us the heads up of a potential bounce with the strength to reach the 15 minutes.
Keeping in mind that the 15 min is an internal swingarm between the 2hr/4hr pair.
What does that mean? it can break fairly easily.
What does that mean? it can break fairly easily.
These are the risks involved in trading. There are no guarantees of success, just probabilities that price may respond to a zone. Freshly created swingarms within the Session provide excellent trade opportunities as they reflect the session’s current and most accurate volatility.
As displayed on the above side-by-side chart of ES and NQ
Notice the 15 MIN NQ Breaking Up to test the wave above.
Bear in mind that the 15-minute internals warrants careful consideration. Comprehending your context is essential in identifying what levels could be influencing the shift. Think in terms of 2-hour and 4-hour swingarm pair.
The following is an image of the shared 5-column setup you have access to: Study the circles and see why the price turns over. There is always (most of the time a point of reference across timeframes providing guidance to a potential turn.
Side by side of ES and NQ – 1 Min Charts
Big developments have happened in Russia that can add a level of significant volatility next week.
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Four-hour extremes
3std dev
The pair
The 3 indices include the 2, 4, and 8 hours.
Of the 3 which is the weakest of all?
Which one is the strongest
1 HR TRENDLINE
1 HR TRENDLINES – NQ
1HR TRENDLINES RTY
Considering the Possibilities – Big Picture for this week.
What I would like to see to Go Long? Ideally, a 15 Min Bullish Bucket Backtest during the US Session Hours. Potentially a 30 Minutes Bullish Bucket as well later in the week.
For now, the price is targeting zones below 4hrs / 8 hrs.
100% Extreme Zone of the 4 hr hit and bounced. Inside a down-trending triangle
As seen on the 5-column chart setup – 1hr
30 Min. chart – trend 7 being tested is now potentially acting as support. Trend 8 is down at 4345
This would be below the 8hr zone extreme.
For now, RUSSIA stayed calm and did not escalate into civil war.
On ES 15 Min. Trend 9 at 4363
Keep in mind that all these points of reference are magnets to price. Fake breakdowns can occur to touch the level and run back up.
For now, bullish pressure on the 1 min on ES and NQ. ES caused by the extreme 4hr targetting the 15 min above
Same for N!
For now, bullish pressure on the 1 min on ES and NQ. ES is caused by the extreme 4hr targetting the 15 min above. As shown by pressure, the probabilities were for the price to bounce to the 15 min zones that will give us a buy bucket that could be backtested.
Of course, some that understand risks could have gone long as prior supports taking into consideration the source of the energy being the 4hr extreme zone.
As the 15 Min breaks up, what is the next target?
1-MINUTE VIEW OF BULLISH PRESSURE BOX – BOUNCE AND TURN OVER TO BACKTEST.
The circles highlight the probabilities that the price will bounce. Or turn over.
For now, we have a squeeze between the 15 and 30. Not good for long pressure.
The bounce is unable to break up the trendline.
At least for now.
The above chart is specifically for day trading moves
I’ve received word from two members who took the time to do Swingarm chart reviews over the weekend – kudos to you! Did anyone else manage to prepare for the upcoming week? Remember, trading without preparation is akin to driving without knowing your surroundings – it could lead to stop outs. Let’s ensure we’re all navigating the market with a clear road map!
If your homework was done? you would know the differences between the NQ and ES charts 4hrs. Right?
There is a likelihood for ES to reach 8Hr Zones. Why?
If pressure does not shift bullish. I will let you know if it does.
Being aware of your surroundings allows for taking profits from a long and going short pressure shift.
From trendlines triggers
NQ
Trend 7 Support may cause a backtest
What I would like to see to Go Long? Ideally, a 15 Min Bullish Bucket Backtest during the US Session Hours. Potentially a 30 Minutes Bullish Bucket as well later in the week.
Trading can often feel akin to maneuvering through a complex maze. However, remember the essence of our Swingarm strategy: its simplicity and its faithful reflection of market price action, no matter how chaotic it may seem. This strategy is your constant guide, highlighting potential zones consistently. When an extreme zone is tested, that’s your signal. It’s time to contemplate an entry and set your stop as we’ve previously discussed. Let’s not allow our perception of the market’s toughness to cloud our judgment or obstruct us from grasping opportunities.
If we surrender to such beliefs, we risk remaining bystanders, watching potentially profitable setups unfold without our participation. Every market comes with its intricacies. Still, our strategies, including Swingarm, and our careful analysis serve as a decoder ring. Stay dedicated, maintain faith in the process, and remember – we’re on this journey together.
The Setup rules provided the guidance prior to the setup as stated at 8:18 AM this morning. IN Chart form once it plays out.
While we would all love a guaranteed ticket to the moon, in trading, there are no such guarantees. Our focus should be on identifying a safe entry point and observing how the market evolves from there. Understanding the nuances of price behavior across different timeframes, along with trendlines, support/resistance zones, pressure extremes, etc., will guide us. Also, monitoring how NQ responds to market cues plays a significant role in determining the ultimate direction. Stay vigilant and make informed decisions!
The 15 Min is likely to fail in my view.
As stated prior. So far nobody knows why that is a possibility since no one asked.
Be Aware the 4hr is Still Intact
Price may bounce with energy later.
Review NQ 4hr and see why.
By the way, I am referring to the 4hr High Pressure. Not the regular swingarm.
NASDAQ CLOSE VIEW OF TODAY’S PRICE ACTION.
1NQ 14871 Wave Trend 9 It may give us a bounce.
15 min.
Blue Prior Bullish Box becomes Resistance and the price turns over.
the door is open for trend 8 below
We may see a bounce after closing. ( Possibility)
1 Minute View of Wave 2 For ES
1 MINUTE VIEW OF THE PRESSURE SYSTEM – I can see large timeframe pressure but also 1-minute pressure waves as well.
Price is testing larger timeframe supports and waves turning over below it.
On the lower timeframe
Just as one ascends or descends stairs step by step, price movement also unfolds in the same gradual manner. The Swingarm pressure system is designed to provide a macro view within a micro timeframe, allowing us to observe 1-minute price action in the context of more significant timeframes. This unique perspective grants us the ability to foresee potential failures early on, enabling us to initiate our game plan at the onset of the move. It’s truly a wonderful tool as more and more updates are done to improve the trading arsenal!
In this last chart, you can see the yellow circle markers for pressure – Same idea. Yellow for Bearish / Blue for Bullish.
Pre Open Long Setup Targeting the 15 Minutes.
Perfect backtest and bounce targetting again the 15 minutes
By now, Stop should be at breakeven plus.
(Taking profits at targets is recommended)
As long as the 15 Min Is Bearish – the Long Entries have a limited range.
15 Min. Has the potential of breaking up. But due to proximity to the Extreme 8 Hr Zone, the magnetic force is at play.
There is always RISK. Optimal Entries, and management to breakeven plus is critical.
What would be nice? A 15 Min. high-pressure buy bucket backtest targetting 30 min or 1 hour or 2hr etc above.
This is all possible this week.
What would be a short entry? A flip of the 1 minute 28/6 and backtest targetting 8hr zones below.
There seems to be more probability of long than short at the moment based on pressure triggers
1 MIN at risk of breakdown
Done
1 Minute Fails – backtest coming
Be aware that we are at prior support extremes of the 4hr zones.
Anything can happen.
META – Bullish Pressure Triggers in Blue.
The bottoming of META at $88 and the build-up of pressure long-term.
The zones of the 1 Min are a Good Risk Reward now.
This is why it is a hard area.
Supports for both ES and NQ as well as resistances
Pressure still favors a short at the moment
15 Min Confirmed broken up – Buy Bucket Active.
NQ 15 Min held
No agreement among them. We need NQ to break prior supports to pull ES with it.
Bullish P144 on NQ 1 Min
It would be nice to see if fail
Another perfect entry
How it plays out is anyone guess?
By the way, I took profits on the signal from NQ.
Will consider shorting it again.
As the backtest
ES is more bullish now that the 15 min broke up.
So, Understand the risks.
What are they? Your stop size and position size.
From the 15 Min Perspective – Notice the High-Pressure Bullish Labels.
That is why I am being careful about each trade.
As always.
[8:19 PM]
Supporting chart for decisions made
1 Min Breaks Up.
Take note of how the Swingarm system’s charts are versatile enough to present both SHORT and LONG trading opportunities within the same session. Truly, a testament to its flexibility in adapting to market fluctuations.
For effective awareness and tracking of your charts and key areas of interest, it’s essential to have multiple monitors displaying your various setups. By not viewing ES and NQ concurrently, you could potentially miss out on opportunities or forfeit profits, as crucial signals might activate on either symbol in the direction opposite to your trade. It’s all about keeping the full picture in view!
5 Column view of ES
Notice the 1 Minute Buy Box holding and sending prices up.
Trading involves scrutinizing key areas of interest (like extreme zones of Swingarms), executing a trade, and keeping a keen eye on the market landscape. If a signal arises against your current position, it’s wise to secure your profits and potentially contemplate a countertrade. Always stay agile and adaptable in your strategies!
NQ high pressure has finally shifted bullish on the 1 min. A backtest may be coming for NQ at some point.
ES Testing 4400 Level
As long as that level is respected – 4400-4300 is active.
It is likely to break up based on system pressure and the overall view of the 15 min chart.
A drop into the 15 Min buy buckets would be a great reward/risk trade long.
NQ needs to break above the 15-chart bullish box and become support. For now, they may become resistant and cause a backtest. (potentially)
Why the bounce?
The true power of the Swingarm lies in its pressure signals. While other patterns like double bottoms can shift and evolve, the insight provided by the pressure signals offers a substantial advantage in discerning the potential of a setup. It’s a valuable tool in our trading toolkit!
Review this chart – Pay attention to BLUE triggers on the 1 Min charts for ES and NQ Alert prior to the move of a potential bounce coming.
Not much follow the breakdown and the bounce comes from the regression trendline
There are so many guides to let us know what price action is doing.
Same thing for NQ
INDICES UPDATE
Notice the circles (large) that were drawn yesterday. We know the zones cause prices to respond at some point. It is the lower timeframes that will then guide the entry as pressure shifts in the direction of the trigger.
NQ
NQ – 1 MINUTE view of today’s price action.
Quite similar to ES
The correlation between the two instruments is very high.