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Emini

#ES 07.14.22 Daily Overview and Levels to WatchYday before CPI we ran up to take stops and sell lower inventory into the stops until CPI hit and the bid dropped, we hit our lower Key Level at 3764.75-3760.50 where we found support and we able to put together a position to go and back fill the CPI move back towards our Globex inventory area where we found sellers who took us back under Key Level of 3809.50-3805.25. Last night we tested this Key Level and found Sellers at it making it resistance and we started rotation lower. Currently We broke out Key Level of 3764.75-3760.50 and finding accepted under it with 2747.50-4744.75 as last important support for today. We have Price Index at 8:30am and we are kind of in this area that needs resolution before next move. Question today is will we be able to get back inside the range over 3764.75-3760.50 and accept there or will we get continuation lower? Depending what we get on release but looks like we will open under T+2 Low which means possible margin call selling and should open below or close to the low of Previous Day which would be an area to watch and its also our Key Level of 3764.75-3760.50 If we continue lower we have single prints to fill down around next Key Level at 3714.75-3709.75 where we can find support or 3698.50-3695.50 is another spot to watch, if going down on big volume possible to see lower areas as we have been waiting to test the lows from 06.17 for few weeks now. --- On The Downside: Failing to accept back in Previous Days Range and over our Key Level of 3764.75-3760.50 can give us a test of 3747.50-3744.75 where we want to monitor for break and continuation or rejection if we can break it we have 3728.75-3725.25, Key Level of 3714.75-3709.75 this is area with single prints and trapped shorts where we can see response but if going down on volume we have 3698.50-3695.50 as additional support, if we break both of those then we have 3686.75-3683.75, Key Level 3671.75-3665.75, if we get there we could possibly test the lows today as well but down there have to watch for continuation level to level as we should have buyers. --- On The Upside: If we fail to take out 3747.50-3744.75 and get back over 3764.75-3760.50 and accept then we can balance between this area and T+2 Low area and upper levels we can test would be 3780.50-3776.75, 3791.75-3787.75 *** Levels To Watch: 3764.75-3760.50 // 3747.50-3744.75 // 3714.75-3709.75 // 3698.50-3695.50 // 3671.75-3665.75
CME_MINI:ES1!
by HollowMn
#ES 07.08.22 Daily Overview with Levels to WatchYday we opened up above our 3866.75-3863.25 level and drove straight through Previous day high, came back and tested and found support which told us we will be trading towards the upside and we knew we will have singles up there which = supply so we will need some buying to chew through that, day was grindy as mostly all the buying is from shorts being bought in. We failed to fill the second set of singles around our 3914.75-3910.75 level and in Globex we tested Key level of 3892.25-3887.25 which held for now. We are waiting on some releases at 8:30 so will have to see what that will give us and where we will open but we are currently above T2 high and our Key level which is a sign of strength but its mixed feelings as we are in Previous Days Range and still have supply above so the question today is do we have enough shorts trapped and new buyers to Fill the singles and continue higher towards our next Key Level at 3931.75-3927.25 or will we fail and come back in to test T2 high/Previous Day low area. --- On The Upside: Holding above T2 High and 3892.25-3887.25 is a sign of strength and can give us test of 3901.25-3898, 3914.75-3910.75 this is where we will be watching if we fill the singles and can continue higher towards 3931.75-3927.25. If the buying is strong and we get through that then we have 3944.25-3940.25 as Next area to watch for Failure or continuation. --- On The Downside: Failure to fill the singles and accept over 3914.75-3910.75 can give us a test of 3901.25-3898, Key Level of 3892.25-3887.25 where we would watch for continuation and if that goes we have 3878.75-3874.75 as our T2 High area we could see test and if we accept under it then we have Previous Day Low at 3866.75-3863.25 and next Key Level at 3853.25-3847.25 *** Levels to Watch: 3944.25-3940.25 // 3931.75-3927.25 // 3914.75-3910.75 // 3892.25-3887.25 // 3878.75-3874.75 // 3866.75-3863.25
CME_MINI:ES1!
by HollowMn
#ES 07.07.22 Daily Overview with Levels to WatchYday we were able to hold above our Key Support at 3809.50-3805.25 and after the FOMC release got a push over Previous Day High and over next Key Level of 3853.25-3847.25. Globex we failed to get back under 3853.25-3847.25 and accept and got a push back over it but so far we have been hanging out here between Key Level and next level up under Previous Day high which is usually a sign of distribution to me as we still have supply above keeping us down but on the other hand we can be absorbing it here before next move up since we are holding over T2 High area for today but I think Market is waiting for ADP and Claims to make the move. Question today is do we have enough people trapped that will help push us higher today and fill the sets of singles we have above us or will we back in under this 53-47 area making this supply that would help and push us back into T2 range. --- On The Upside: Holding above T2 High area of 3839-3835.50 and 3853.25-3847.25 is a continued sign of strength, if we fail to push lower and accept this can give us a push higher and possibly more buy ins today towards the single -prints and upper levels. We can see 3866.75-3863.25, 3878.75-3874.75 which would be our first area to watch for continuation since its Previous Days High then Key Level and first big area of single prints at 3892.25-3887.25 This is where we would see how strong the move is and if we can fill that/accept and continue towards 3901.25-3898 , 3914.75-3910.75 and 3931.75-3927.25 But we have supply above so have to monitor level to level. --- On The Downside: Staying under previous days high and 3866.75-3863.25 can give us a test of 3853.25-3847.25 getting under that would be our first sign of weakness and can give us a test of T2 High area at 3839-3835.50 this is where we would need to see for break and acceptance for any continuation lower, if we do accept back in T2 range and now we will have more inventory from above that can help and push us towards T2 half back areas and possibly the Low depending on how much selling we get IF we do accept back in we will be looing for 3825.50-3820.25 Key Level 3809.50-3805.25 if that goes then can see 3791.75-3787.75, 3780.50-3776.75, 3764.75-3760.50 *** Levels To Watch: 3892.25-3887.25 // 3878.75-3874.75 // 3853.25-3847.25 // 3839-3835.50 // 3809.50-3805.25
CME_MINI:ES1!
by HollowMn
#ES 07.06.22 Daily Overview with Levels to WatchYday we tested the T2 Low/Previous day Low and found support there and were actually able to drive back towards previous day high, in Globex we attempted few times to get over Previous Day High with failures but we are not getting much selling because we still have shorts trapped below who buy this up every time we come down towards the singles. Question today is will we have enough buying to get use over Previous Day High and T2 High area to maybe see a short squeeze higher or will we fail to get over and will have enough supply to come down and test lower Key Areas along with T2 Low/Previous Day low again and maybe this time break it. We have Jolt and FOMC Minutes tomorrow so also possible market will stay in Balance inside Previous Days range while waiting for those releases. --- On The Upside: Holding above our Key Level of 3809.50-3808.25 is continued sign of strength and from there we can see tests of 3825.50-3820.25, 3839-3835.50 which will be our area to watch for continuation high as that will be T2 and Previous Day High location, above that Key Level of 3853.25-3847.25 to really confirm the upside and for us to continue. --- On The Downside: Holding Below Previous Day High area of 3839-3835.50 can give us a test of 3825.50-3820.50, Key Area of 3809.50-3805.25 this and level below which would be Previous day Half Back at 3791.75-3787.75 would be to watch for any continuation lower, as we might find balance between this areas until Jolts/FOMC tomorrow but if we do break it and continue we have 3780.50-3776.75 Key Level 3764.75-3760.50 and from there we would watch T2 and Previous Days Lows around 3747.50-3744.75 for any continuation lower. *** Level To Watch: 3853.25-3847.25 // 3839-3835.50 // 3809.50-3805.25 // 3791.75-3787.75 // 3764.75-3760.50 // 3747.50-3744.75
CME_MINI:ES1!
by HollowMn
#ES 07.05.22 Daily Overview with Levels to WatchFriday with held inside previous days range as we thought we might since it was a lower volume day before the three day weekend. In Globex we continued our Friday strength and last night were able to drive above Previous Day (Friday) High and hit next Key Level of 3853.25-3847.25 where we found sellers, we spent time over the high selling inventory and once we did that we had more supply above and failed back inside previous range. After look above the high and fail we can see the Lows as targets for today and depending if we hold down there or not maybe a continuation lower. --- On The Downside: Holding below 3809.50-3805.25 is continued sign of weakness and can give a test of Previous day Low and T+2 Low, we are currently already coming down so levels to watch are 3780.50-3776.75 Key Level of 3764.75-3760.50 where we can see some support but if that breaks we have Previous Day Low and T+2 Low area around our 3747.50-3744.75 level to watch for continuation but below that is 3728.75-3725.25 and next Key Level of 3714.75-3709.75 Where we can also see support unless going down on good volume and get right through it then can watch for further continuation. --- On The Upside: Testing and Holding Previous Day Low/ T+2 Low area can give us a move back over 3764.75-3760.50, 3780.50-3776.75, 3791.75-3787.75. *** Levels to Watch: 3809.50-3805.25 // 3767.75-3760.50 // 3747.50-3744.75 // 3714.75-3709.75
CME_MINI:ES1!
by HollowMn
#ES 07.01.22 Daily Overview and Levels to WatchYday we opened right at our 3780.50-3776.75 level, failed over it and drove down to break Key Level of 3764.75-3760.50 from which I was expecting to go down and hit next Key Level lower but we failed to take out 3747.50-3744.75 and found a nice bid down there that took us all the way back to test Previous Day Low and T2 area over our 3809.50-3805.25 level where we found sellers. Rest of the day was not much action as we have Holiday Weekend coming up and not as many participants in the market plus all the real size traders are out enjoying their time with interns running the show. Question today is will we have a slower balanced day or will we get some unexpected action. In Globex we found support at Previous day low and put together a position between Previous Day Low and our 3764.75-3760.50 Level that we drove up and selling up here, we should open today inside Previous Days Range but under T+2 low which tells us we can see selling from that area but will it be strong enough to take us lower today and break previous day low and extend to next Key Level or not. --- On The Downside: Holding below Previous Day High and T+2 area which is around Key Level of 3809.50-3805.25 is a sign of continued weakness and failure to take 3791.75-3787.75 and extend higher or failure at T+2 low area can give us a push lower to 3780.50-3776.75 and Key Level of 3764.75-3760.50 This will be first area to watch for continuation lower, if this breaks we have Previous Day Low and our 3747.50-3744.75 Level that we need to see break for us to get any lower, if that happens we have 3728.75-3725.25 and 3714.75-3709.75 Where we can find support so would be the spot to watch if we get there for continuation or not. --- On The Upside: Holding above Globex position and Key Level of 3764.75-3760.50 can give us 3780.50-3776.75, 3791.75-3787.75 and possibly T+2 low Key level of 3809.50-3805.25 where we would watch for continuation higher, would have to take Previous Day High and accept to really get going to the upside. --- We can also have an inside day and just balance between T2 Low areas and Previous Day low, Friday before the holiday can give us a grindy day without much to do. *** Levels to Watch: 3825.50-3820.25 // 3809.50-3805.25 // 3764.75-3760.50 // 3747.50-3744.75
CME_MINI:ES1!
by HollowMn
#ES 06.30.22 Daily Overview with Levels to WatchYday we had a balanced day between our supply above 3853-3847 and our buyers in the Gap area and Key Support at 3809.50-3805.25. We had a seller above 3840 all day and we could get past that 40 wall even with all the buying which tells us someone was selling filling orders into all the buying. Globex we broke the Key Support and saw that inventory leak out down to our next Key Level which we wanted to see yesterday at 3764.75-3760.50, We currently found support here but as I mentioned yesterday there is not a lot of support below and if this does break today and we accept then I will have my eyes on lower Key Levels at 3714.75-3709.75 and always possible to reach 3671.75-3665.75 if enough order flow. It is last day of the Month a day before 3 day Holiday weekend so no one wants to put a lot of risk on these last two days and a lot might want to try and get out of their positions. Anything can happen on Month end so we watch levels to break and continuation. Currently our Globex inventory is short from yesterdays close, we are under T+2 and previous day lows which can give us margin calls. At the open we will want to see if we will get any correction to the ON Inventory or if we will get a trend continuation right away. We have Core PCE at 830 we are waiting for now, lets see how we open. --- On The Downside: Holding below 3809.50-3805.25 is continued sign of weakness, if we fail get over 3780.50-3776.75 and come back down to break/accept under Key Support of 3764.75-3760.50 that can give us a test of 3747.50-3744.75, 3728.75-3725.25, Key Level of 3714.75-3709.75 where we can see some buying but if going down and break it then we can see continuation lower towards 3698.50-3695.50, 3686.75-3683.75 and Key Level of 3671.75-3665.75 --- On The Upside: Holding above Key Level of 3764.75-3760.50 can give us a correction to the upside towards 3780.50-3776.75 and maybe 3791.75-3787.75 these would be important areas to watch for continuation higher but in order to get a upside confirm and get any real continuation higher we would have to get through and accept over 3809.50-3805.25 *** Levels to Watch: 3791.75-3787.75 // 3780.50-3776.75 // 3764.75-3760.50 // 3714.75-3709.75 // 3698.50-3695.50
CME_MINI:ES1!
by HollowMn