Pre-Bell Futures Day Trading Strategy – 15 Nov 2024
"Success in trading isn’t about predicting the market—it’s about preparing for any outcome. Stay disciplined, manage your risks, and remember: every trade is a step on the path to mastery. Let’s conquer today!"
ES=F (S&P 500 Futures)
Market Overview
The S&P is showing broad-based weakness due to Powell’s stance on rates and disappointing tech earnings(stock-market-today-dow-…)(nvidia-corp-nvda-citi-r…).
Technical Analysis
Support Levels: 5930, 5900
Resistance Levels: 5970, 6000
Indicators: The MACD is turning bearish; volume spikes indicate increased selling pressure.
Trend Identification
S&P 500 futures are bearish as investors move out of risk assets.
Scenarios
Bullish Scenario: Buy above 5970, targeting 6000. Stop Loss: 5950.
Bearish Scenario: Sell below 5930, targeting 5900. Stop Loss: 5950.
Trade Rating: Bearish trades are likely to succeed with a 65% probability due to macro risks.
Recommendations for Trading
Top Trades (Based on Likelihood of Success):
YM=F (Dow Jones) – Bearish
NQ=F (NASDAQ) – Bearish
CL=F (Crude Oil) – Bearish
GC=F (Gold) – Bullish
Trades to Avoid:
ZN=F (10-Year Treasury) due to mixed signals and potential volatility.
ZB=F (30-Year Treasury), as it may remain range-bound with unclear direction.
This strategy positions you to take advantage of expected market movements and stay ahead of volatility. Make sure to adjust stop-losses and targets in line with real-time conditions. Happy trading!
Day Trading Strategy Disclaimer
ALWAYS DO YOUR OWN ANALYSIS. NO ONE CAN PREDICT THE STOCK MARKET, BUT YOU CAN MAKE INFORMED DECISIONS TO INCREASE YOUR CHANCES. IN DAY TRADING: MINDSET AND ATTITUDE BEATS SKILL. CHOOSE THE SCENARIO THAT MEETS YOUR RISK AND STRATEGY AND SECURE THE WIN. NOT EVERYDAY IS A TRADING DAY AND ALWAYS LIVE TO TRADE ANOTHER DAY
The content provided in this blog, including day trading strategies, technical analysis, and market insights, is for informational and educational purposes only. The information should not be construed as financial advice, investment recommendations, or an endorsement of any trading strategy. Trading futures, options, and other financial instruments carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results.
You should thoroughly evaluate your financial situation and risk tolerance before engaging in any trading activities. It is advised that you consult with a licensed financial advisor or professional who can provide personalized investment advice tailored to your individual needs.
The author and publisher of this blog do not guarantee the accuracy, completeness, or timeliness of the information and will not be liable for any losses or damages, including, but not limited to, any loss of profit or investment, which may arise directly or indirectly from the use of or reliance on such information. By using this blog, you acknowledge and accept these terms and any inherent risks associated with trading.
Risk Warning: Leveraged trading can result in losses that exceed your initial investment. Please trade responsibly.
