Market analysis for April 24th, 2024

Good morning traders! Yesterday was o,k. for me. My net liq ended down -$1,700 dollars but we had success with scalping which brought in $1,054 profit in 26 min. and all four of our 0DTE's made money. 7% ROI on Bitcoin. 10% On Event contract NDX. 14% on SPX. 35% on NDX. On approx. 14K of captial we generated amlost $3,300 of profits. We also booked another profit on a Theta fairy.

​Markets continue to try to build a bullish base here.

All four of the major indices we trade are turning around.
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It was enough bullishness that we initiated a new VTI swing trade with a bullish setup. 

This is one of my favorite setups. It can be scaled to as large a buying power as you like and has consistently generated 36%-50% annualized returns for us.

Critical news for today:
​08:30 ET
US Durable Goods Orders For March
Median Forecast: 2.5% | Prior: 1.3% | Range: 5% / 0.3%
Canadian Retail Sales MoM For February
Median Forecast: 0.1% | Prior: -0.3% | Range 0.8% / 0%
10:30 ET
Weekly EIA Crude Oil Inventories
Median Forecast: 2M | Prior: 2.735M | Range: 2.254M / -1M
13:00 ET
US sells $70 bln 5-Year Notes
13:30 ET
BoC Meeting Minutes

Speakers
08:16 ET
German Economy Minister Habeck holds a news conference about the spring economic forecasts in Berlin.
09:15 ET
ECB’s McCaul chairing plenary session and delivering concluding remarks at high- level seminar on “Governance and risk culture: going forward by looking back” jointly organised by the ECB and the Florence School of Banking and Finance.
10:00 ET
ECB’s Schnabel gives opening remarks at “Frankfurt liest ein Buch”.
Event details here

Earnings
16:05 ET
Meta Q1 2024 Earnings
Est EPS: $4.30
Est Rev: $30.52B
16:10 ET
IBM Q1 2024 Earnings
Est EPS: $1.59
Est Rev: $14.56B

Trade docket for today:
/HE, /NG?, /MCL?, CRM?, DIA, DJT, IWM?, META?, SPX/NDX/Event contract NDX/Bitcoin 0DTE's, NVDA, IBM, F.

My lean today is bullish:
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Intra-day levels for me:
/ES; 5128/5161/5183/5199 to the upside. 5106/5099/5082/5068 to the downside.

/NQ; 17762/17894/17924/18030 to the upside. 17654/17608/17524/17373 to the downside.

Bitcoin;  66491 PoC. 67751 resistance. 65618 first support. 64901 second support.

Trade well folks. Let's have a great day.