@AdamMancini4 Literally feels like one massive buyer got bullish and is just steamrolling bc this action just feels not worth trading for me today
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lukeylukerton
81 posts
That took its time but there's 6623 resistance hit in #ES_F. Protect your gains now, let a small lotto runner handle the next leg up. An hour ago, after hitting 6577 support, I posted that 6592 reclaim triggers us long.
Target I gave was 6623. We hit. 6638, 6647, 6664 bonus
Adam Mancini@AdamMancini4
Extremely choppy action today in #ES_F. As warned this morning *take profits level to level*. After hitting 6577 support, I posted 50mins ago that 6592 must reclaim to rally. It reclaimed, and we went +18. 6623 remains heavy res above. Bulls must clear to see 6638, 6647, 6664+
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Today we saw the power of the Failed Breakdown in #ES_F. Given to newsletter readers 4pm Friday & here 6pm, traps of 6524 trigger up. We got it at 6pm and rallied to 6560. We got it again 7am and rallied *220 points*
Plan today: 6623, 6591=supports. 6648 reclaims see 6664, 6690+
Adam Mancini@AdamMancini4
Standard weekly gap down in #ES_F, and as usual it triggered a quick Failed Breakdown. Per Friday's 4pm newsletter, flushes and recoveries of Friday's 6524 daily low trigger up. We flushed it, recovered, popped 12 points. *Protect gains level to level* 6542, 6564, 6591 above
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@saltyairlife @AdamMancini4 That was a gift for shorts they just loaded back up
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@AdamMancini4 I feel bad for any shorts, I couldn’t even sell my long contract. Maybe a TOS issue but that’s brutal. First time I could sell was at 6716…..wild.
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Its a day traders market today in #ES_F and all about 6623 support posted 8am. We've been testing/trapping all day, and just hit it again. No change: 6635 reclaims see (6642 - hit 2x), 6658-62. No rally today until that recovers
Bears control fully under yesterday's 6716 support
Adam Mancini@AdamMancini4
First micro squeeze of the day in #ES_F but bears retain full control below 6716 and we can only sustain a rally today when 6658-62 recovers. After spending the morning trapping/testing 6623 support, I posted 6635 reclaims see 6642 (hit), 6658-62 above. Same supports downside
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@AdamMancini4 Do you give this closing update 20 min before close because you anticipate any set ups having played out and are done?
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Closing update #ES_F: There's 6690 next support. Readers remember this 6689-90 zone it was the reclaim here Sunday 7pm that gave us the 120+ point long into this weeks highs. Now backtesting from above. 6703 must reclaim this evening to squeeze. Newsletter out soon with entries
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The range is finally expanding a little in #ES_F from that chop range and there's 6703 next support down hit. 6716 must recover now to rally again. We already got that reclaim once and we ran to 6735 and rejected.
6690, 6678/72 next down if the retracement continues from here
Adam Mancini@AdamMancini4
Muted 1st FOMC reaction. 6716 support & I posted to watch for sweeps of it. Before FOMC, we lost it by 1 point, recovered, and popped. 6735 was first big resistance up, hit. 6743, 6749, 6764-70 if #ES_F wants more. Bears control until 6764-70 recovers. 6703, 6690 supports now
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Friday ends with a nice Failed Breakdown, but *protect most your profits* in #ES_F, especially before the weekend. I posted to watch for traps of the 6640 overnight low. We flushed it by 5 points down to 6635, recovered, and ran.
6663, 6676, 6685+ remain above here.
Adam Mancini@AdamMancini4
Volatility has slowed now to nothing in #ES_F & little to do. Today's targets off the 6641 Failed Breakdown were 6716 (hit), 6738 (hit, sold there), 6758-65 (not yet) Bears control until we get a reclaim, which is now 6676 to see 6685, 6693+. Watch traps of 6640 overnight low
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Overnight/eve traders got all the action in #ES_F - now chop. I posted 9:25PM ystd the 6610-12 recovery starts a run. We got it, and rallied +86 points. Just hold runner now
6663=support (held so far). 6680 1st up (hit), 6704, then 6716 above. Bears control until 6716 recovers
Adam Mancini@AdamMancini4
After an "elevator down" sell, we got a good short squeeze/long trigger in #ES_F. I posted at 9:25AM that the 6610-12 recovery starts a run. We recovered a little after 12am and went +86 Plan: Bears fully control until 6716 recovers. 6663, 6652=supports to setup 6690, 6704, 6716
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@AdamMancini4 74 and not even a single effort to hold it up
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Major two way action today in #ES_F and almost full round trip from the open. 5460 reclaim triggered long as posted, and we got a 75 point rally. As posted, just protect those profits until tomorrow.
5474 was key this morning, and almost back here. Its the Bull/bear line now.
Adam Mancini@AdamMancini4
Traders have been beyond spoiled the past 2 days. 5460 was the long trigger this morning for short squeeze & we got 75 points. 5511, 5519, 5536, 5550 were targets, and we came 3 shy from 5536. Now, just ride runners, do nothing until tmrw. 5492, 5474=supports to keep run going
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Incredible follow through - it took its time, but 5163 target just hitto the tick in #ES_F. We are now +42 from today's 5121 support as we continue the standard Thursday/Friday parabolic move (every week for 6)
Hold runners,do nothing. 5171, 5183 macro magnet next.Dip only<5130
Adam Mancini@AdamMancini4
For the past 6 weeks, we have seen the Thursday/Friday squeeze in #ES_F. We have hit 5146 target off 5121 support, and now that this move has played out, do absolutely nothing. Hold runners, and watch. All bonus now 5163, 5171, 5185 macro magnet next. Dip only if 5130 fails
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@Caprilands78 @AdamMancini4 i agree, there is something going on behind the scenes, complete indecision and massive sell orders coming through at random times
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@AdamMancini4 Feels like the rug is about to be pulled out from underneath this market. Momentum and volume has slowed way down. Feels very weird.
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Good follow through to start the session in #ES_F. 5113 was first target/profit take, and we are 1.25 points off so far. Lock in partials, let a runner go. Its been a full week of consolidation now, no greed. 5120-24, 5140 next if ES wants.
5093-88 remains support. Dip below
Adam Mancini@AdamMancini4
After last weeks parabolic rally, we've spent this week basing in #ES_F, setting up next move. I was looking for rally yesterday 5074 to 5108, and we hit 5108 into close. Keep holding runners Plan today: 5093-88=support (tested). 5113, 5120-24 (breakout) next. 88 fails, dip
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@AdamMancini4 what's the reason people only trade RTH when like 60% of the moves happen in premarket
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No time wasted for #ES_F with PCE kicking things off. 5088 was first target yet again today as long as 5066 held, and we just tagged it. Same drill as always, lock in part gains here, let a runner work for rest of the day. No greed
5102 next up, then 5106-08. 5074 now support
Adam Mancini@AdamMancini4
Yesterday, my target in #ES_F was 5088 and we ran there and dipped. We have been in the same 5066-5088 range all week, testing each 4+ times. PCE 830am may trigger break Plan: 5066=support. As long as holds and reclaims 5074, then 5088, 5102+ live. 5066 fails, dip to 5052, 5042
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Good pop to start in #ES_F and ~5080 1st target hit (5079 high). We made full round trip. Yesterday 5066 was support, with 5088-93 target. We ran to 5093, sold back to 5066.
No changes. 5080, 5088-93 live as long as above 66 (weaker now). 66 fails, we can dip to 5058, 5044-46
Adam Mancini@AdamMancini4
Yesterday saw full day of chop in #ES_F, before dipping to 5066 support. I was looking for a rally to 5088-92 target, and we ran there exactly late day, then made full round trip back Plan today: 5066=support (tested). Keeps 5080, 5088-93 live. 5066 fails, deep flush 5058, 5046
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5121 was next target up for today in #ES_F as posted, and we tagged it exact and now dipping. After a 145 point, one directional squeeze from Wednesdays initial 4976 long trigger, ES finally is micro-dipping.
5091 remains support. Weaker now. Fail here sees 5075-80, then 5058
Adam Mancini@AdamMancini4
5121 target hit in #ES_F. Plan today was to watch for flagging above 5091 for the next leg up, and overnight/into this morning we saw a clean bull flag. Nothing to do but keep trailing stops up, until the move ends. Its been a historic one. 5128, 5135 next if ES wants. Dip<5091
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Ultra precise technicals today in #ES_F: 5052 was support as posted, with 5067, 5077-79 targets. We dipped to 5052.25, rallied to 5067, now arriving at 5077-79 target for 25 points in minutes. Lock in, Let those runners keep working
5089, 5105 next if ES wants. Dip <5052 only
Adam Mancini@AdamMancini4
After a 100+ point rally in 18hrs from yesterdays 4959 sell target and 80+ points from yesterdays 4976 long trigger, obviously anything more today is bonus, just keep trailing. 5052 was support as posted, held exact and bounce. 5067, 5077-79 next. 52 fails, we dip 5040, 5028-30
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@AdamMancini4 mind boggling that shorts haven't just given up yet
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We are now up +100 in under 24hrs from yesterdays 4959 support/sell target in #ES_F. 4976 was the trigger to get long, and as posted , nothing to do but hold those longs and let it run
Plan today: Keep trailing. 5052 =support, keeps 67, 69 next. 52 fails, we dip 5040, 5028-30
Adam Mancini@AdamMancini4
Evening update #ES_F: Huge follow through on this setup. 4959 was sell target as posted and it held to the tick. 4976 reclaim was needed to trigger back long to 4998+, and we are still running from this. Hold runners, and trail it 5046, 5052 next. 5018 now support - dip below
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Note: There's 4998 second target up tagged right into the closing bell +40 points from 4959 support. Lock in more gains here - do not get greedy ahead of earnings. It's been a great move and let risk free runners handle the rest.
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The targets for today's sell were 4965, then 4959 final target as posted, and we tagged 4959 target to the exact tick in #ES_F, followed by a strong bounce out, right back to the 4976 magnet
All eyes on Nvidia earnings now. 4976 reclaim starts us up to 4988, 4998+. Same supports
Adam Mancini@AdamMancini4
Yesterday, the target for the 5018 short was 4976, and we spent nearly 24hrs here now, as we put in the choppiest day of 2024. #ES_F needed to flush the days lows to start lower, and trying now 4965 was first down, en route, 4959-55 below. 76 must reclaim now to resume up
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@AdamMancini4 so the market needed the entire day to make this little shitty move
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Yesterday, the target for the 5018 short was 4976, and we spent nearly 24hrs here now, as we put in the choppiest day of 2024. #ES_F needed to flush the days lows to start lower, and trying now
4965 was first down, en route, 4959-55 below. 76 must reclaim now to resume up
Adam Mancini@AdamMancini4
We are now in the final two hours of day in #ES_F, and have gone nowhere. 4976 was support as given this morning and we've been glued here for the choppiest day of 2024 so far. No over-trading No changes. 4988, 4998 remain next up. Needs to flush days lows to sell to 4965, 4959
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@paxtrader777 Would you re-short a break of the OR to the downside again or do you consider that trade as played out, thanks man!
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Today has been a good day. I just scratched the balance of my shorts. If we go 5045.25 bid I will get long, pay for my trade at 50.49.25 & take profit at 5064 & 5075. If we close above 5066 I will stay long my runners. If we done out the downside l will get short again.
PaxTrader777🇺🇸@paxtrader777
We are short at 5042.50, paid for our trades at 5038.50 & will take more off at 5025. So far an easy OR breakout. Happy Capital Preservation Friday. On #CPF, if it isn’t easy I don’t want it.
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@paxtrader777 why would you trade if there wasn't any action?
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I am stopped out of shorts for a scratch. Made a bit of dough paying for my trade. Now, I will wait to see if we rally. Top of OR is 5002.25. If we go bid there I will be long. I will not sell the OR now, I will wait for the “payline” at 4993 or wait for a breach of the first target is 4983 to get short. If it isn’t easy, I don’t want it.
PaxTrader777🇺🇸@paxtrader777
I am short from the OR low of 4997, I paid for the trade to remove my risk & will take profit at 4982, 4965 & 4937. If we go 4936 offer I will sell more. My stops are in for a scratch. If we go 5002.25 bid-I will get long.
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