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S&P500 Futures Talks & Ideas

  • #1
  • First Post: Edited Nov 5, 2019 5:26pm Nov 2, 2019 7:31am | Edited Nov 5, 2019 5:26pm
Hello FF traders,

I wanted to have a place to go to talk the S&P500 futures. I don't like going to some of the other chat rooms that are on the net, and FF has some of the best traders around.

I know there are others out there like me that trade this and need a good space to talk and share ideas.

I look to do the following:

 

  1. Post charts and ideas for new setups
  2. Do analysis on charts for the week
  3. Utilize client sentiment for price direction and pull backs for entries
  4. Weekly wrap ups on what is happening in the markets

This is not a trading system.

I use support and resistance along with key levels for entries. I trade with a stop but the market spikes and you can be taken out by a tight stop. Dont ask for mine as you should be able to place your own.

You dont want to be where everyone else is!!

For now i am keeping this open for all talks on this and look forward to sharing ideas.

Cheers

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If you fail to plan, Plan to fail
  • #2
  • Nov 2, 2019 10:56am Nov 2, 2019 10:56am
So looking at client sentiment you can gauge that there may be spikes or places to buy and sell depending on what is happening in the market. So when it is lopsided and more traders are selling or buying (75% and above) then its safe to say the broker dosnt want all to make money.

So the market spikes down clears the stops of some of the smaller buys and pulls in sellers, then reverses as we have seen recently with S&P500. Granted that the market data for the stocks and the news of trades talks affects this but you can still see a direction in the market. Which in turn will give you a chance to wait for a good spot to buy or sell.

This is not a system but more of a way to view the markets. I have been buying the S&P for the past 3 weeks due to this. I get out by the end of the week normally.

I want to talk more about this and show more of what i am talking about.

Got to run

Cheers
If you fail to plan, Plan to fail
  • #3
  • Nov 2, 2019 5:23pm Nov 2, 2019 5:23pm
The spikes tell the story and having patience is key. Price action shows that level is not easily broken. Trust the support and resistance lines that you draw on your charts. Here you can see that price tested 3025 a few times before shooting up to a new high. Most are short the market because they say its to high. The market has spiked down and got the sellers to bite then boom other way.
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If you fail to plan, Plan to fail
  • #4
  • Nov 2, 2019 5:29pm Nov 2, 2019 5:29pm
So looking at next week, i would say my thoughts are that a pull back to the 3040 area will be possible and it could bounce there. Then maybe a new ATH.

Monday i will be looking at the price action and waiting for it to test a key level again. Since the trade war news is ruling the air waves these days it good to keep a ear on that. The more the news talks about the trade deals falling thru in the beginning of the week price will retrace, then maybe mid week it will spike and go the other way. Time will tell, but i will post some thoughts a long the way
If you fail to plan, Plan to fail
  • #5
  • Nov 4, 2019 9:12am Nov 4, 2019 9:12am
So far price has not moved much but you can see from the PA that the new ATH is the new resistance level. 3082. I expect to see a bear move to check the lower levels. Looks like small batches of buyers are coming in now but I don’t see that as a good idea. 3100 is a real possibility

most are looking to short this as am I but it has to be the right time. Even if we get a large spike down I don’t think that’s the end of the bull move. Still seeing 3040 as a level to check and possible a good discount zone.

78% of the market is short right now, and that were the spikes drive in the sellers. Keep a eye on the big red candles and don’t just jump in. Wait for price to react to a level and then make the call.

even if you decide to sell the spike, keep your stops close IMO

Any thoughts?

Cheers
If you fail to plan, Plan to fail
  • #6
  • Nov 5, 2019 4:21am Nov 5, 2019 4:21am
With the news of loosening trade deals the market is going to be propped up to attract buyers in. Be careful here because most traders are still short. SO like i said 3100 is a real possibility but then the plunge i think. I am sitting on some buys but also having some pending sells incase the market drops hard.

around 9-11 today we should see the direction of the market. 3086 is looking hard to break thru atm

Waiting on the news
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If you fail to plan, Plan to fail
  • #7
  • Nov 5, 2019 1:14pm Nov 5, 2019 1:14pm
Lets see where this pull back takes us.. then go from there
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If you fail to plan, Plan to fail
  • #8
  • Nov 5, 2019 2:20pm Nov 5, 2019 2:20pm
Quoting Tintman7
Lets see where this pull back takes us.. then go from there {image}
I like your idea for the thread. Equities and indices do not have a focused site on FF as yet. I trade the SPX from key support / resistance areas with a few different approaches.

I have marked some levels on the chart that I will be watching for potential trades. The recent break of consolidation suggests there is some significant upside to the index to come, buying dips is where the focus will be now. I think it is probable (all things considered) a bounce from 3044 - 46 could occur, if we pullback that far. I prefer 3022 - 3014 as this area is impossible to ignore!

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Nil desperandum
  • #9
  • Edited 2:39pm Nov 5, 2019 2:29pm | Edited 2:39pm
Let's see where we are going.
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  • #10
  • Nov 5, 2019 2:44pm Nov 5, 2019 2:44pm
long position for whole month, you won't lost it and good evening
  • #11
  • Nov 5, 2019 2:52pm Nov 5, 2019 2:52pm
Quoting vincentprice
{quote} I like your idea for the thread. Equities and indices do not have a focused site on FF as yet. I trade the SPX from key support / resistance areas with a few different approaches. I have marked some levels on the chart that I will be watching for potential trades. The recent break of consolidation suggests there is some significant upside to the index to come, buying dips is where the focus will be now. I think it is probable (all things considered) a bounce from 3044 - 46 could occur, if we pullback that far. I prefer 3022 - 3014 as this...
I agree support and resistance are the best indicators. The upside has more potential in the future.

I am not ready to short this but you can see PA failing at 3081

Could be a nice scalp sell but im not sold on it yet
If you fail to plan, Plan to fail
  • #12
  • Nov 5, 2019 2:59pm Nov 5, 2019 2:59pm
Quoting Marcieny
Let's see where we are going. {image}
3025 might be a nice pull down for you. I like it in the short term.
If you fail to plan, Plan to fail
  • #13
  • Nov 5, 2019 2:59pm Nov 5, 2019 2:59pm
Quoting buddha-
long position for whole month, you won't lost it and good evening
Hello and good evening.
If you fail to plan, Plan to fail
  • #14
  • Nov 5, 2019 3:06pm Nov 5, 2019 3:06pm
As i am looking at the ATH there is plenty of room to go on this one. I dont short term the S&P but if we do break 3048 or so i will do some short term sells but will still be waiting on the change in sentiment and the news for the direction. I still look at this as a bull market.

I am never in a rush to jump into trades as that will burn you in the end

Cheers
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If you fail to plan, Plan to fail
  • #15
  • Nov 5, 2019 3:08pm Nov 5, 2019 3:08pm
Quoting Tintman7
{quote} 3025 might be a nice pull down for you. I like it in the short term.
Thanks!!!
The anticipation is sometimes bad and sometimes good.. I will observe behavior in this region.
  • #16
  • Nov 5, 2019 4:46pm Nov 5, 2019 4:46pm
I am trading SP500 index on one platform and SPY future on another.
For me good support and resistance,beside old levels, are Davit's weekly fibbo pivots and also Camarilla daily pivots.
Good thing is that it moves more easy than currencies.
For now it found resistance around R78 pivot level.3050 should be tested but first need to take out 3064-68,R38 now becomes support.
i Will try to trade it with option,vertical,long put in the money and short put around 3000-3020,depends on expiration date i choose.
With Trump tweets,trade war and all other chaos in the world i prefer shorting for day scalping and option for longer term shorting and i do not want to jump in long position to hold,only for scalping.
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  • #17
  • Nov 5, 2019 4:56pm Nov 5, 2019 4:56pm
Quoting deepdrunk
I am trading SP500 index on one platform and SPY future on another. For me good support and resistance,beside old levels, are Davit's weekly fibbo pivots and also Camarilla daily pivots. Good thing is that it moves more easy than currencies. For now it found resistance around R78 pivot level.3050 should be tested but first need to take out 3064-68,R38 now becomes support. i Will try to trade it with option,vertical,long put in the money and short put around 3000-3020,depends on expiration date i choose. With Trump tweets,trade war and all other...
I keep them on my chart as well but I find the patterns are clearer on the S&P while I do recognize those on my charts I don’t use them in this style of trading. The reactions seem to be different then in currencies.

I like to draw them on my charts and plot the week and what to expect. I do use his method on price action and watching the news. It shapes the markets and helps you know what you can expect
If you fail to plan, Plan to fail
  • #18
  • Nov 5, 2019 4:58pm Nov 5, 2019 4:58pm
80% of the market is short right now. Makes me think there will be a big bear candle or 2 then a reverse.

Wednesday usually is the push day and I will waiting back for the pull back at this point. Seems it may pull back deeper and I would like the discount.

Eyes on the ticker and news until then

Cheers
If you fail to plan, Plan to fail
  • #19
  • Nov 5, 2019 5:10pm Nov 5, 2019 5:10pm
Look at the ADR for this session down to about 3046 as a low and 3099 as the high and then what?

2 very powerful spots IMO.
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If you fail to plan, Plan to fail
  • #20
  • Nov 6, 2019 5:58pm Nov 6, 2019 5:58pm
With the news of the trade deal not doing well looks like the market is stuck in the mud. Staying patient until I see something happen.
Cheers
If you fail to plan, Plan to fail
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