Adam Mancini
@AdammMancini_4Full-Time Futures Trader ES intraday, also swing trade ETFs 2-7 day holds. Fully transparent approach. Posts for my notes only!
Pro traders aren't any better at "predicting" where the market will go than a hobby trader, and its not the job. The difference is all in execution: Finding lvls, protecting profits once available, stopping out & adjusting when wrong, and consistant loss size control. Focus there
Last week saw a mega squeeze in SPX, and its key to recall what sentiment was like 1 week ago: "black Monday" calls, deep lower targets, ugly sentiment. For traders, its impossible to profit if tuned into same sentiment/info as everyone else. Price only; blinders on to the rest
This week, #ES_F saw largest green week since this bull market began Oct-Nov 2022. All that matters now is a major flag from Aug high. 4125 support held, 4420-40 now res Next Week: 4367, 4336=supports. As long as they hold, push to 4400, 4420-40. Large dip, then breakout 4500+
4386-89 next resistance up hit. As posted, in this context resistances are reaction points until a support fails. So far, #ES_F is reacting and we hit 4386, dipped, and now basing. Small failed breakout of morning high 4369-67 remains 1st support down. Same resistances apply
The short squeeze of the year continues in #ES_F and We are now arriving at 4386-89 next resistance up. As posted, in this context resistances are merely reaction points until a support fails (now 4369-66) to see follow through If ES continues from here, 4399, then 4418-24 next
Closing update: Largest green week quite literally in years. 4386-89 was resistance as posted & #ES_F agrees finally finding a ceiling here for the last 3 hours. 4369 remains support and must fail Monday to see dip. Newsletter out soon talking whats next tradecompanion.substack.com
I don't want to achieve immortality through my work... I want to achieve it through not dying.
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