ES – FUTURES – TARGET ZONES ABOVE
The optimal time to roll over futures contracts depends on several factors, including volume and liquidity, cost, and market conditions. However, generally, traders tend to roll over their contracts in the week leading up to the expiration of the current contract. This is because, by that time, the volume and open interest often start to shift from the expiring contract to the next contract, ensuring better liquidity and more efficient pricing. It’s important to monitor both the expiring contract and the next one. Once you see volume shifting substantially to the new contract, it might be a good time to roll over. That being said, this isn’t a strict rule. Different traders might have different strategies based on their analysis and requirements. Always consult with a financial advisor or do thorough research before making such decisions.
Time Cur. Imp. Event Actual Forecast Previous
Tuesday, June 13, 2023, 46 min USD Core CPI (MoM) (May) 0.4% 0.4%
46 min USD CPI (YoY) (May) 4.1% 4.9%
46 min USD CPI (MoM) (May) 0.2% 0.4%(edited)
ES Interim Target – 4380
Scalp long pre-market – to extremes. Take profit. For the Scalpers.
That is just a couple of examples and there are more.
Early in the Trading Session – Faster Moving Setups.
15 MIN 4th Hit https://twitter.com/blackflagfuture/status/1668922100063641601?s=46Jose Azcarate “Institutional Buyers/Sellers” #Swin
Time Cur. Imp. Event Actual Forecast Previous
Wednesday, June 14, 2023 08:30 USD PPI (MoM) (May) -0.1% 0.2%
10:30 USD Crude Oil Inventories 1.482M -0.451M
14:00 USD FOMC Economic Projections
14:00 USD FOMC Statement
14:00 USD Fed Interest Rate Decision 5.25% 5.25%
14:30 USD FOMC Press Conference
ES Potential Interim Target – 4470 ( 8 HR Chart – Regression Channel )
Just a reminder that ALL 3 Indices – ES / NQ and RTY area at extreme 3 Std Deviations Overbought on the 4 HR Charts.
This may cause consolidation or a backtest of supports in the days to come.
NQ is slightly less than 3 but still overbought as a group.
There are 7 reasons to go long at market open what are they? Based on the following chart:
SwingArmTradingEDU Just a reminder that ALL 3 Indices – ES / NQ and RTY area at extreme 3 Std Deviations Overbought on the 4 HR Charts. Later today, at 2:00, there is significant news expected to impact ES and NQ futures. Several factors suggest a potential consolidation phase before the news release. Firstly, both indices are currently in an extremely overbought state, indicating a potential need for a breather or correction. Additionally, the anticipation of the upcoming news adds to the likelihood of a pause in the market’s direction. Furthermore, the presence of other market influences, such as the “witches” (referring to options expiration dates), can contribute to a more range-bound trading environment. Considering these factors, it is reasonable to expect smaller trades rather than a significant upward or downward trend. Traders should exercise caution and be prepared for potentially choppy price action as the market absorbs the news and adjusts to new information.
NEW High on ES
The 1 MIN Chart – has 3 critical components to support the bullish move (there are 4 if you consider both charts). Which ones are they? Please post your thoughts (Gen. Chat Channel).
They are pretty obvious to me. Just wondering if they are to you as well.
Upon reviewing the big picture, it appears that the triangle we have been monitoring has broken up, indicating a potential increase in price. Past videos have noted that the price bounced from wave 7 of the 2-day chart, which also coincides with the 2-month 100% zone. This setup generates significant energy that could potentially reach the weekly zones at 4400 to 4500. However, it is important to note that this is not a guarantee. The 1-hour chart shows that the trendline of the triangle has been broken up overnight, and the price may potentially backtest it in the next day or two.
Additionally, we are at an 8-hour sell zone, and previous price action on March 22 indicates that sellers showed up with massive strength. This would be the third time price reaches these zones, which suggests that rejection is likely. The 15-minute high-pressure setup guides us to a target of 3980, and the system recognizes the major support causing a bounce to the resistance of the 8-hour zones. Currently, the pressure is about 50/50, which could signal a turning point to backtest if the price is unable to stay above. Moreover, there is a 2-hour bullish high-pressure swingarm indicating potential upward movement. All of these tools provide significant insight into potential market movements, and it’s crucial to use them to make informed trading decisions.
However, it’s essential to remember that trading involves risk, and the Swingarm Pressure System is not a guarantee of success. Traders must perform their due diligence and make informed decisions when entering trades. It is also crucial to understand the system before trading live. In summary, the ES500 Futures are showing potential for upward movement, but it’s crucial to use all available tools and exercise caution when trading.