ES Trade Idea and Upcoming NFP ReportCME_MINI:ES1!
• What has the market done?
ES futures are lagging compared to tech heavy index NQ futures. ES futures are still below yearly open. Yearly open has been a strong area of resistance since the rally of April 6th Lows in futures complex.
• What is it trying to do?
ES futures are in consolidation mode, building value higher. VPOC has shifted higher since the gap up from May 11th open. VPOC and 0.786 fib level provide a base for a continuation higher.
• How good of a job is it doing?
Markets seem to be slowing its rally. After such a strong rebound, participants are wary of any pull-backs. Although a strong trend higher, consolidation or a pullback is not illogical at these levels.
• What is more likely to happen from here?
o Scenario 1: Hold steady and NFP provides needed boost for markets to get across yearly open resistance and climb higher.
o Scenario 2: A mixed NFP report may point towards further consolidation. Key level 5873 as support on move lower before reverting higher.
o Scenario 3: A hawkish NFP report that signals higher for longer rates, may be interpreted by market participants as less monetary stimulus and dwindling rate cut bets for this year. We anticipate a sell-off towards 0.618 fib level in this scenario, moving to the lower edge of micro composite volume profile.
In all the above scenarios, there is a clear LIS at yearly open. Other key levels are defined cleanly on the higher time frame. Important thing for traders to note here is to trade what you see and not what you think. Having an alignment between fundamentals and technicals is sound but the markets do what they do, and price moves where it should. Painting narrative to any move may sound fancy but it gets less important at intraday time frames in our opinion. Hence why we view all this considering auction markets and volume profile.
Glossary:
ES - emini-S&P 500 Futures
NQ - emini-NASDAQ 100 Futures
VPOC - Volume Point of Control: The most traded price by volume in a given range. Represents acceptance or consensus
NFP - Non-Farm Payroll: Released by the US Department of Labor around the 1st Friday of every month. It reports on Unemployment, Productivity and other key metrics. Key economic release
LIS - Line In the Sand: A key zone that might tip buyers or sellers to act to cover risk and might change the overall bias of our analysis
MES1!
MES1!/ES1! Day Trade Plan for 05/06/2025MES1!/ES1! Day Trade Plan for 05/06/2025
📈 5625 5638 5650
📉 5614 5602 5590
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
SPY Day Trade Plan for 05/06/2025SPY Day Trade Plan for 05/06/2025
📈 560.55 562.50
📉 556.64 554.69
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
SPY Day Trade Plan for 05/01/2025SPY Day Trade Plan for 05/01/2025
📈 562.70 565.60
📉 557 554.30
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MNQ1!/NQ1! Day Trade Plan for 04/29/2025MNQ1!/NQ1! Day Trade Plan for 04/29/2025
📈 19560 19685
📉 19185 19060
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MES1!/ES1! Day Trade Plan for 05/01/2025MES1!/ES1! Day Trade Plan for 05/01/2025
📈 5670 5695
📉 5613 5600
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MES!/ES1! Day Trade Plan for 04/29/2025MES!/ES1! Day Trade Plan for 04/29/2025
📈 5555 5580
📉 5500 5475
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MES!/ES1! Day Trade Plan for 04/25/2025MES!/ES1! Day Trade Plan for 04/25/2025
📈 5530 5560
📉 5475 5445
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MES1!/ES1! Day Trade Plan for 04/23/2025MES1!/ES1! Day Trade Plan for 04/23/2025
📈 5512
📉 5440
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MES!/ES1! Day Trade Plan for 03/18/2025MES!/ES1! Day Trade Plan for 03/18/2025
📈5740. 5760
📉5680. 5660
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
ES Morning Update March 18thYesterday, the plan for ES was straightforward: rally to ~5755 (adjusted for the June contract, previously 5703 on March) to back-test the 3-month megaphone breakdown from last Monday. The market followed through with an 88-point rally to that level before selling off.
As of now:
• 5720 (reclaimed) and 5698 are key supports
• Holding above keeps 5739 and a second test of 5754 in play
• If 5698 fails, look for selling pressure toward 5668
MES!/ES1! Day Trade Plan for 03/17/2025MES!/ES1! Day Trade Plan for 03/17/2025
📈5660. 5680
📉5600. 5580
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MES!/ES1! Day Trade Plan for 03/14/2025MES!/ES1! Day Trade Plan for 03/14/2025
📈5600 5640
📉5560 5520
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
ES Morning Update March 14thYesterday was all about 5558 in ES. After a drop to 5512 support, bulls needed to reclaim 5558 for upside. That level was tested twice before a sell-off, but once it cleared at 8:30 PM, buyers stepped in, pushing the market +20 points higher.
As of now:
• 5598, 5615 are the next upside levels as long as 5558 (now weaker) holds
• A break below 5558 opens the door for a drop to 5548, then 5533
ES Morning Update march 13thThis week has revolved around one key level in ES: 5568-72, which has been lost and reclaimed four times. At 11:20 PM yesterday, it triggered a long setup from an a textbook failed breakdown, leading to a 65+ point rally—and overnight, the same pattern repeated again.
As of now:
• No change—5568-72 remains weak support
• A 5599 reclaim sets up a move to 5616, 5643+
• If 5568 fails, expect further downside
ES Morning Update March 12thSince I prioritize Failed Breakdowns, my job is pretty simple—do absolutely nothing until we get one. This is how you keep an incredibly high wind rate, while easily scaling your accounts. Yesterday, the 5569-72 reclaim triggered the long setup, leading to a 70+ point rally to the 5608 target, where we’re still holding.
As of now:
• 5599, 5569-72 must hold through CPI volatility to keep 5645, 5668, and 5703 in play
• A failure below could open up more downside
ES Morning Update March 11thYesterday marked the largest red day in ES since the August 5 capitulation low. After deep sell-offs, squeezes typically come from my core setup: The Failed Breakdown—which triggered at 9:30 PM, now up +75 points, as outlined in the plan sent out yesterday evening.
As of now:
• Hold the runner
• Next targets: 5668, 5688, 5703
• If 5628 fails, expect a dip to 5609 first
ES Morning Update Mar 10thFor the last three days, 5720 has been the key battleground in ES—testing, bouncing, breaking below, squeezing, and repeating. After another bounce to the 5764+ target on Friday, we’re back under it again.
As of now:
• Same setup: 5720 must reclaim to target 5745, 5763
• If 5700 fails, expect a dip to 5676 first
ES Morning Update March 7thES has been revolving around 5757-63, acting as a key magnet. It held as support in the morning, leading to a rally toward 5822, but once it failed in the afternoon, the market sold off to the 5725 target. Now, NFP will dictate the next move.
As of now:
• 5763 must recover to target 5777, 5794, and 5822
• On an NFP flush, 5714 and 5700 must hold to prevent deeper downside
MES!/ES1! Day Trade Plan for 03/06/2025MES!/ES1! Day Trade Plan for 03/06/2025
📈5798 5818 5838
📉5759 5739 5719
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
ES Morning Update March 6thES has been stuck in the same range for nearly four days, with 5858-5875 acting as resistance and 5763 holding as support. Yesterday followed the same pattern—I was looking for a rally to resistance, we got it, and then the market reversed back down.
As of now:
• 5777, 5763-57 are key supports
• Reclaiming 5798 sets up a move toward 5809, 5822+
• If 5757 fails, expect selling to 5725