CMENT Trading

As we approach the trading day on August 29, 2024, the S&P Micro Futures are reacting to the downside pressure following NVIDIA's earnings. With the market facing potential volatility, we turn to the Bob Kendall Indicators to identify key support and resistance levels that will guide our trading strategy for tomorrow. Weekly Chart Overview: Key Support Levels Given the downside momentum, the weekly chart provides crucial insights into where the market might find support: S2 Weekly (5551.25): Coincides with significant support just above the 10MA on the weekly chart, sitting at 5542. This area will be critical in determining whether the market can stabilize or if further downside is likely. S3 Weekly (5497.75): If the market continues to decline, this level comes into play as the next significant support. It aligns closely with S1 on the monthly chart at 5486.50, creating a strong support zone around 5497.75 - 5486.50. PPM 1 on Weekly : PPM 1 is signaling further downside, whi...

As we enter the trading day on August 27, 2024, the S&P Micro Futures are showing signs of potential consolidation after an impressive eight-day rally. Let’s dive into what the Bob Kendall Indicators are signaling and how we can use them to guide our trading decisions for tomorrow. Daily Chart Overview Looking at the daily chart, we notice that all four PPMs (Price Pressure Momentum) are beginning to turn down, testing their positive slopes. While this might seem concerning at first glance, it doesn’t necessarily signal an impending downturn. Instead, it suggests that we could see some tests of the corresponding moving averages, offering potential support levels. PPM 1 : Currently in trend mode with a reading of 0.30, which means it’s still offering strong support at the 10-day moving average, currently around 5602. This level is also near S1 weekly at 5603 and S2 at 5603, making it a critical support zone to watch. PPM 2 : Holding above its positive slope, with projections suggest...

As we enter a new trading month, it's time to analyze the S&P Micro Futures using the Bob Kendall indicators. Given that July starts with a short holiday week due to the 4th of July, we can expect lower trading volumes and potential range-bound movements. Let's dive into the monthly and daily charts to outline support and resistance levels for the upcoming trading sessions. Monthly Chart Overview PPMs Analysis : PPM 1 and 2: Both are above their derivatives and remain in trend mode (>0.25), indicating strong long-term support. PPM 3: While still above trend mode, it is starting to pierce its second derivative, which could test its positive slope. Key Support Levels : 10MA: Long-term support at 5124. Weekly Chart Analysis The market grid is starting to flatten out, which suggests potential range-bound trading for the week. Support Levels: 10MA at 5418: This level provides strong weekly support and maintains a 0.62 level on PPM 1. S1 and S2: Strong support at 5501 and 5478...

As we move into Wednesday's trading session, it's essential to analyze the market dynamics using the Bob Kendall indicators. After a sideways trading day on Tuesday where the price didn't even reach its S1 level on the daily chart, we can anticipate potential scenarios for tomorrow. Tuesday's Market Recap Support Held: Price held the 10-day moving average (10MA) at 5518. Range Bound: Price hovered around the R1/R2 levels. Given this context, we can look at potential support and resistance levels for Wednesday's trading. Daily Chart Analysis Support Levels: S1 Level (5527): This level coincides with the 10MA on the daily chart. Expect this to be a decent support level. S2 Level (5518): While price held this level yesterday, it could be tested again. S3 Level (5507): This is a new low from yesterday at 5511 and aligns closely with S1 on the weekly chart at 5508. Low Targets (LT1, LT2, LT3): LT1: 5424: Significant as it is below the 21MA on the daily chart at 545...

As we enter Tuesday's trading session after a down day Monday, the S&P Micro Futures present a nuanced landscape. Utilizing the Bob Kendall indicators on the daily chart provides us with essential insights into potential market movements and key levels to watch. Daily Chart Analysis Support Levels: S1 and S2 Levels (5507/5497): These levels, along with the 10-day moving average (10MA) at 5516, are crucial to watch. PPM1, related to the 10MA, is at 0.15, indicating it's not in trend mode (0.25) but still has a positive slope. This suggests these support levels might hold, though they may not be the strongest. STX Level (5477): If S2 doesn't hold, the next significant support is the STX on the daily chart, which aligns with S2 on the weekly chart at 5479. 21-day Moving Average (5448): This level is also strong short-term support, with PPM1 indicating a 0.15 positive slope. Resistance Levels: R1 and R2 Levels (5526/5536): On the upside, these levels provide immediate r...

Daily Chart Analysis Support Levels: STX Level: The STX level, aligning with the 10-day and 21-day moving averages (MA), is a crucial support zone. This range, from 5339 to 5326, offers a solid base, especially if the market experiences any pullbacks. Resistance Levels: R2 and R3 Levels: These levels remain strong resistance points. Notably, R3 is near R2 on the weekly chart at 5423, making this area a significant resistance zone to watch. Given the scheduled economic data releases and Jerome Powell's speech, we can expect heightened volatility. These events can lead to rapid market movements, potentially testing extreme levels. It's important to remain cautious and be prepared for sudden price swings. Reminder of the Weekly Levels: Weekly Chart Analysis Support Levels: S1 at 5323: This support level coincides with the 10 and 21-day MAs on the daily chart, reinforcing its significance as a support zone throughout the week. S3 at 5251: This level is crucial as it aligns with the...

As we head into a new week, it’s essential to assess where the market grid stands and how it will influence the daily analysis. For tomorrow, 6/10, using the Bob Kendall indicators, here are the key levels and insights to watch out for in the S&P Micro Futures. Weekly Chart Analysis Support Levels: S1 at 5323: This support level coincides with the 10 and 21-day MAs on the daily chart, reinforcing its significance as a support zone throughout the week. S3 at 5251: This level is crucial as it aligns with the 10-day moving average (MA) on the weekly chart, providing a strong support base. Resistance Levels: R1 at 5387: This resistance level is slightly above R1 on the monthly chart at 5378, marking it as a critical resistance point. R3 at 5459: This aligns closely with R2 on the monthly chart at 5471, indicating a major resistance zone if R2 holds. Daily Chart Insights for Tomorrow  Support Levels: S3 at 5323: This level aligns with the 10 and 21-day MAs, providing a robust suppor...

In today's trading session, the S&P Micro Futures demonstrated strong upside momentum following the 10:00 news, with PPM 3 and the 200-day moving average consistently trending upward. Observing these trends, I've noticed a recurring pattern where buying opportunities arise when price dips to around the 10 or 21-day moving averages—a "buy the dip" moment that often precedes further upside movement. Looking ahead to tomorrow's trading session, I anticipate some backfilling down to the support level at S1, which coincides with R2 on the weekly chart. Further support can be found around S2 and yesterday's high target of 5330. Particularly noteworthy is the strong support aligning with the STX target on the daily chart, which now coincides with the 10 and 21-day moving averages. These levels present potential buying opportunities for traders looking to capitalize on upward momentum. Conversely, resistance levels should be closely monitored, with strong resistan...

  As traders, staying ahead of market movements is essential for making informed decisions and maximizing profitability. With economic data on the horizon, it's crucial to assess potential scenarios and identify key levels of support and resistance for the S&P Micro Futures. Let's delve into the forecast for tomorrow's trading session. Despite the looming economic data, strong support levels are evident on both the daily and weekly charts. The STX on the daily chart, positioned at 5244, and S2 on the weekly chart, at 5248, offer robust support zones. These levels present compelling bottom opportunities, especially if price approaches the S1/S2 range on a daily basis. Traders should monitor these levels closely for potential V bottom opportunities. On the flip side, resistance remains formidable, particularly at R1 on the daily chart. Additionally, new highs at R2 and a high target before it, around 5329, indicate significant hurdles for upward price movement. TLDR: S2/...

Tuesday's trading session proved to be a rollercoaster ride, marked by rapid shifts in momentum and a series of quick trades. As I navigated through various market conditions, I encountered both successes and challenges, offering valuable insights into refining my trading approach. Adaptability in Action The day commenced with a swift reversal as price opened lower, prompting a quick exit from a losing trade. Recognizing the changing dynamics indicated by the negative turn of all four PPMs, I swiftly reversed my position, capitalizing on the downward momentum to secure a profitable short trade. Navigating Volatility Despite initial success, subsequent trades faced challenges as price oscillated within a choppy range. While attempting to capitalize on upward reversals, I faced losses as price failed to sustain momentum, underscoring the importance of patience and diligence in assessing market conditions and the PPMs. Learning from Mistakes Throughout the day, I encountered instances...

Tuesday's trading session brought a mix of opportunities and challenges, offering valuable lessons for refining trading strategies and decision-making processes. Throughout the day, I leveraged a combination of hourly and one-minute charts to identify trends and capture volatility, but the day's events underscored the importance of adaptability and disciplined execution. Morning Volatility and Early Trades The day commenced with the release of CPI data, injecting volatility into the market. Utilizing the one-minute chart, I identified a buying opportunity off the 200MA, driven by its positive slope, alongside flat to slightly upward PPMs. However, as price stalled near the open's high target without significant momentum, I opted to secure profits at the resistance level, highlighting the need to assess market context alongside technical indicators. Navigating Momentum Shifts Following a downturn to 5120, where price and PPMs found support, I initiated a long position as all...

  In the dynamic world of trading, every investor seeks that elusive edge, that golden strategy that can consistently deliver profitable outcomes. For me, this journey led to a meticulous exploration of the "buy the dip" scenario, a strategy that has significantly refined my trading approach. While I haven't maintained a daily trading blog during this period of exploration, I've delved deep into testing new setups, ultimately uncovering insights that have reshaped my trading landscape. The essence of my refined strategy revolves around a keen understanding of Bob Kendall key indicators, notably PPM 1, PPM 2, and PPM 3, coupled with a strategic approach to profit-taking using the 40-period moving average (40ma). When initiating a "buy the dip" trade, timing is crucial. After observing a downward momentum, I patiently wait for specific signals to align before entering or adding to a position. PPM 1 must rise above both of its derivatives with a positive slope,...

Wednesday's trading session brought its own set of challenges and opportunities, marked by a market that held its overnight gains but presented choppy conditions. This blog post explores the strategic decisions made during the day, highlighting the importance of reading PPMs and adjusting trading strategies based on market conditions. Choppy Morning: Seizing Opportunities in the Ups and Downs The day began with the market holding its overnight gains but drifting down to its S1 on the daily at 4944. Around 8:30, PPMs on both the 5-minute and hourly charts suggested a slight upward trend. Recognizing the importance of the S1 level, the first trade went long at 4944, with additional positions added just before the market opened at 4946. The decision to add was influenced by PPM 1 and 2 holding their positive slope and projecting a rise, while PPM 3 was above its derivatives. Scalping Strategies: Profiting Amidst Choppy Conditions Acknowledging the likelihood of choppiness, a scalping ...