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#ES_F 3.22.23 Day Trading PrepFED Day! Market might be gearing up for a big move today, on a bigger timeframe we found our top, found or low and now back to the middle of the range. Yesterday showed us that we still have buyers but most of the buyers right now are large short covering and momentum longs from Daily Support which puts us in interesting spot. Currently over 4012-3990 Daily Support inside Previous Days Range and looks like accepted in a bigger 4100-4000 range which to me says possibility that we push higher before or on the Fed BUT I also think that is a spot where we can find size sellers as well and if we will have Supply this thing is not held up by much Support IF 4012-3890 breaks and take out 3976-71 thing could get ugly to the downside with lower Daily Support to watch at 3915-3890 and if things get ugly to 3800-3790 but that only happens I think IF we do make a push towards 4084-4100 and cant hold/reverse. Currently we are in this 4046-4000 range if we can hold 4030-25 possibly move towards that 4061-46 area and then we can watching if we can continue out of it before the fed or not and if we fail to hold 4030-25 could head for our lower support. Levels to Watch Resistance : Key Daily 4123-4100 Key Intraday 4123-19 // 4103-4099 // 4084-77 Current 4046-42 For Continuation Higher 4061-56 Support : Key Daily 4012-3980 // 3915-3890 // 3810-3790 Key Intraday 4030-25 // 3994-90 // 3976-71 Current 4030-25 ?
CME_MINI:ES1!
by HollowMn
#ES_F 3.15.23 Day Trading Prep Tuesday 3.14.23 Review : We were looking for possible lower continuation but market had other plans, as we noted IF 3892-87 holds and we can get over 3932-27 we can see a push into upper Supply area, I didnt see it pushing that much in but what we did is we took it, held over it and then rejected from next Key area which was even better. If long to supply was missed there was a nice trade from 3976-71 -57-53 back towards the value at 3932-27 which we broke into but got short covering end of day back into Resistance. Wednesday 3.15.23 Prep : Globex opened in the 3957-44 Supply area, we pushed above sold into the stop run and dropped the bid. Once we broke 3944-40 and broke inside 3931-3892 we went straight to the bottom which is telling us not that much support there, all of our buyers are under 3870. We now have short covering here at the bottom of Daily Support, things are looking like we could at least continue towards our 3866-47 target and possibly a break below? We are under Previous Day Range but inside T2 range, IF we fail to get back inside Previous Days range and hold under 3892-87 that might give us the move lower and if we can break 3853-47 T2 low and 3839-35 would be our targets, if selling is strong we can continue lower our next Daily Support is 3809-3787 we can see buyers around there or before. IF we end up holding 3878-74 // 3866-63 we could see a move back over 3892-87 where we can target Previous Day low and then watch if we accept back in it to continue higher towards Supply but for now Supply is above us and buyers are under 3870-50-30 Levels to Watch Resistance : Key Daily 3957-53 Key Intraday 3915-10 // 3932-27 // 3944-40 Current 3901-3898 3892-87? Support : Key Daily 3866-3847 Next Daily 3809-3787 Key Intraday 3878-74 // 3853-47 // 3839-35 // 3809-05
CME_MINI:ES1!
by HollowMn
#ES_F 3.14.23 Day Trading Prep Monday 3.13.23 Review : We got a break of structure and 3892-87 level before RTH and got the flush to one of our possible Support targets at 3866-47, RTH order flow came in and and pushed us back in balance above, over all a great day we tagged Support target and hit Key Intraday Resistance at 3932-27 which gave another good short for the day back towards 3892-87. Tuesday 3.14.23 Prep : We are currently Inside T2 Range, inside Previous Day Range and right around our Daily Support of 3915-3890 which we already broke multiple times. Currently our balance is 3932-3890 and we are waiting to see if we will make a move out today and continue lower or reverse/stay in balance? T2 and Previous Day buyers might have been just short covering and not real buying which means if more supply comes in today the lower levels wont hold... We are watching 3892-87 as our Key Support for continuation lower if we break and hold under we can see a move down towards our lower Support and Previous Day Low, IF that breaks (3853-47) We watch for possible continuation from there, our next Daily Support area is at 3809-3787 depending how much Supply we have we might find more short covering before next Daily Support as but if we have enough our bid is under 3800 which another area of buyers at 3776-60. If we do hold 3892-87 Today we watch if we will trade within this balance and possibly make a run at upper Supply area at 3953-40 but we must take out 3932-27 and hold 3915-10 for that to happen if not we can rotate lower. Data coming 8:30 today, might be good wait until it shows clear direction or until things settle down. Levels to Watch Resistance : Key Daily 3957-53 // 3988-76 Key Intraday 3932-27 // 3944-40 // 3976-71 Support : Key Daily 3914-3890 // 3809-3787 Key Intraday 3892-87 // 3878-74 // 3853-47 // 3809-05 Current 3900
CME_MINI:ES1!
by HollowMn
#ES_F 3.13.23 Day Trading Prep Friday 3.10.23 Review : Friday played out exactly within plan except for hitting 3866-47 target but we knew that was a stretch, we found sellers at 3976-71 which was Key Intraday Resistance which gave us nice short trades towards Daily Support at 3915-3890, was a very nice ending to the week. Monday 3.13.23 Prep : As we can see Globex started the party early, first we opened and got a big move away from Daily Support which is expected any first tests of big areas more often than now will give a good reaction, we hit 3976-71 area sold our position on the way there and introduced more supply. Currently we are under T2 Range and under quite a bit of Supply still, there is no data or events today but we are at possible Daily Support area so if we get continuation how much of it will we get? We have 3915-3890 as our Key Daily Resistance and holding under could bring continued weakness, if we do hol dunder and take out 3878-74 that opens the door for our lower Support and 3853-47 test, if that breaks we watch for continuation towards our next Daily Support at 3809-3787 but could see buying come in before that around 35-25 area unless we are going down on strong volume and will just take those areas out. For us to see stability today we need to hold this 3866-53 area and push back inside previous days range but for now signs are pointing towards the downside unless the RTH order flow tells us otherwise. Levels to Watch Resistance : Key Daily 3915-3890 Key Intraday 3915-10 // 3931-27 3944-40 Current 3892-87? 3901-98 Support : Next Daily 3809-3787 Key Intraday 3866-63 // 3853-47 // 3839-35 // 3809-05 Current 3878-74? 3866-63 *** Careful trading today market has been acting weird since globex, we are at an area of bigger support so we have buyers BUT we also have size coming out and possible continuation to margin calls or size getting out unless we can hold this support area.
CME_MINI:ES1!
by HollowMn
#ES_F 3.10.23 Day Trading Prep Thursday 3.09.23 Review : Yday RTH gave a perfect trade, we pushed over 3995-90 on pre market data, hit the upper part of our potential Daily Resistance and Key Intraday Resistance 4012-08, pushed above it and failed giving us a nice trade down to Key Intraday Support, once we broke we got a nice move down to 2 of the lower Support targets and hit our Daily Support that we were looking for. Friday 3.10.23 Prep : Contract rolled over, we are at Daily Support and its Friday with data coming here which tells us could be a wild day and maybe hard to trade. This week felt like a lot of work but a good trading week over all so will look to not get involved much today and maybe try to wait for that 1-2 good set ups once I see what we are working with. Very possible to see continuation under 3915 today as we cleaned out a lot of buyers from below if we have Supply to come out we could see this 3915-3890 Support break and get some continuation under it, IF we take out Prev Day Low we have 3901-3890 as an area to watch for hold or continuation from that we watch 3878-74 and 3866-53 areas for continuation IF things get crazy next Daily Support is 3809-3787. If we do run out of Supply today and more sellers dont come in we could see a push back towards T2 low and see if we can push back inside to accept but if not then we might need to go look for the bid again. Levels to Watch Resistance : Daily 4012-3990 Key Intraday 3976-71 // 3957-53 Key For Continuation Higher 3995-90 Support : Daily 3915-3890 Next Daily 3809-3790 Key Intraday 3937-27 // 3914-10 Current 3944-40 ***** This Prep is done on new contract price
CME_MINI:ES1!
by HollowMn
#ES_F 3.09.23 Day Trading Prep Wednesday 3.08.23 Review : Consolidated under previous Daily Support with a few attempts to break 3976-71 Key Intraday Support but we held within this 4015-3975 balance. Best trade was when we hit double top in E 11:30 Period, gave a nice trade down to Intraday Support, was thinking we fill finally have more supply to break and continue but so far that has not been the case which tells us its controlled mark down selling with stops at good support areas. Thursday 3.09.23 Prep : Will see continuation lower today or do we have enough to again hold and maybe even push higher? We have been holding under Previous Daily Support of 4012-3990 for two days now with Supply trapped above. We are looking like we could see more selling today as we are at the T2 and Previous Day Lows, under Previous Daily Support, have Supply above and have this nice sideways action to built up, 3976-71 is again our Key Intraday Support to watch as that is the area we need to take out and accept under to see a move towards next potential Support to see what we do there. If we do hold Intraday Support or bounce from 3957-53 area and get back over 3976-71 then we could see more balancing action in this 4025-3976 range, 3995-90 is our Current Resistance and 4012-08 will be our Key Resistance today. Levels to Watch Resistance : Daily 4012-3990 Key Intraday 4012-08 // 4030-25 Current 3995-90 Support : Daily 3915-3890 Key Intraday 3976-71 // 3957-53
CME_MINI:ES1!
by HollowMn
#ES_F 3.08.23 Day Trading Prep Tuesday 3.07.23 Review : Tuesday Globex went sideways all night building up supply under resistance until it finally broke before RTH giving us a break under 4030-25 and acceptance into 4025-3976 range and a move into Potential Daily Support for the Day. We did hold 3994-90 level yesterday but we did a full break of this Daily 4012-3890 area which told us buyers here are not that strong and we now have more Supply above us from this move up. Wednesday 3.08.23 Prep : Globex again went sideways all night in a tighter range and it also went sideways building up Supply around the lower apart of our Potential Daily Support from yesterday making it our potential Resistance going forward? Depending what we do today but this could have been a retest and fail of Previous Daily Support 4012-3890 and we know short covering front ran our Daily target of 3915-3890 last week, will we get continuation towards it today? Will we hold around this Daily balance or will Powell and 10am Data come in and bring in some buyers? So far things are pointing to continuation lower, we are Under T2 range we are right at Previous Days Low which will be area to watch with 3976-71. If we can get under Previous Days range and accept under 3976-71 we can see a move towards our next Daily Support at 3915-3890. If we do manage to hold we could stay in this 3970-4025 range trading inside it unless 10am data comes and brings in buyers to get us back over 4012-08 and 4030-25 so far we do have plenty of Supply above it seems. Levels to Watch Resistance : Key Daily 4012-3890 Key Intraday 4012-08 // 4030-25 Key For Continuation Higher 4046-42 Support : Next Daily 3915-3890 Key Intraday 3976-71 Key For Continuation Lower 3957-53 *** We Have Data at 815 and 10am Need to be cautious around those times as moves could be violent and it could go either way fast or wont pick direction until after
CME_MINI:ES1!
by HollowMn
#ES_F 3.07.23 Day Trading Prep Monday 3.06.23 Review : Globex pushed us into the resistance area at 4061-56, RTH Opened on Gap up and buyers came in for continuation, we hit our upper early in the day and then consolidated below it. 4084-77 was our key area for continuation higher and we failed to take it out and showed weakness at it instead, until we built up enough Supply which gave us a nice short trade towards Previous Days range. Tuesday 3.07.23 Prep : Are we getting any move out today or staying in balance? We have Powell doing something at 10 and we are at an important location, we have few weeks of Supply above us over 4084 - 4100 and we possibly trapped enough shorts under 4030 - 4015 to give us Support. These are the areas to watch for a move out of this current 4077-4030 range. We have been going sideways in smaller range all night around this 4061-56 Resistance area and we have to see what we do from here. We are right in the middle of the range inside yesterdays value which tells us it could be choppy and also the range has been tight so far which is not ideal for trading until that changes. 4084-77 is still our Key Resistance for continuation higher and any break down would need to break and accept under 4030-25 for continuation, until then can stay in balance. Levels to Watch Resistance : Key Daily 4103-4084 Key Intraday 4084-77 // 4103-4099 Current 4061-56 Support : Key Daily 4012-3990 Key Intraday 4030-25 // 4012-08 Current 4046-42
CME_MINI:ES1!
by HollowMn
#ES_F 3.06.23 Day Trading Prep Friday 3.03.23 Review : Friday Globex consolidated at Previous Day High, took the stops at night and we opened on a gap up over Previous Day High in RTH. Failed to closed the gap and gave a push towards the upper resistance target and a move above it into the next Supply area. Monday 3.06.23 Prep : What are our options today, Will this move higher hold and we can continue today? Was this short covering move front running bigger support and we will continue lower today to find more buyers or do we need to balance again before deciding next bigger direction? Globex is building stops above Previous day high inside our Supply possible Resistance area, we are under Daily Resistance with few weeks of Supply above that we have already flushed but not everyone sells at once. We are inside Previous Days Range, above T2 range with not much Support below us which means size will break the lower levels if we find sellers up here today. If we dont have size sellers come in today at these higher areas and we can hold above 4030-25 and 4046-42 then we could see another attempt at 4061-56 and next resistance area above. If we fail to get over and Previous Day high and hold/continue higher we could see a move down towards Previous Day Half Back under 4030-25 level, that would be key area for continuation lower today, we do have some support under but if size sellers come in we can see us head for the Daily area we just broke out of around 4012-3990 which is also our T2 High area, if we do get there that would be the area to watch for acceptance in T2 range and continuation lower. Currently we are in 4077-4030 range and if we arent going to make a move out then we could also trade within this area from the edges. Levels to Watch Resistance : Key Daily 4100-4084 // 4084-61 Key Intraday 4061-56 Key For Continuation Higher 4084-77 Support : Key Daily 4012-3990 Next Daily 3915-3890 Key Intraday 4030-25 // 4012-08 Key For Continuation Lower 3994-88 // 3976-71
CME_MINI:ES1!
by HollowMn
#ES_F 3.02.23 Day Trading Prep 3.01.23 Review : Wednesday RTH Opened under 3976-71 which signaled possible move to our lower targets, we did do a full break of our 3957-44 Support area and tagged our target but did not see the full move down towards 3931-27. This is area of cost basis for size traders so we expect to see balancing action and buying around our Support areas, especially on first tests and so far selling is mechanical so we aren't breaking multiple areas at once. 3.02.23 Prep : Globex broke 3957-53 and sold off down to our 3932-31 target where we found Support. Currently we are in this 3955-25 balance under the supply from previous days, inventory is short from yesterdays close, we are under T2 range and trying to hold inside Previous Days Range. We are getting into next Daily Support area here so very possible to see stronger buyers and at the same time we have plenty of supply above still coming out it looks like, will we get continuation through our next Daily Support area today? or will we hold this current balance and maybe try to make a push back over 3957-53? So far looks like we are looking good for possible continuation but as we saw for past weeks it hasn't been easy and things have been taking a long time to set up and show direction unless we switch it up today. This 3957-44 area will be our Key Resistance today, holding under means continued weakness and can bring on a test of 3932-27, If we managed to break that we have juicy stops lined up below ready to be filled down to 3892 as that is the next Daily cost basis low. If we do accept back in Previous days range and can hold over 3944-40 that can give us a push back over this resistance area and we could look for higher targets but until then we should be expecting some balance at the lows or continuation. Levels to Watch Resistance : Key Daily 3957-44 Key Intraday 3957-53 // 3944-40 Key For Continuation Higher 3976-71 Support : Key Daily 3915-3890 Key Intraday 3937-27 Key For Continuation Lower 3915-10 *** We are Under a lot of supply and only buyers are shorts who are covering, if shorts see more supply they will drop the bid. IF we do happen to get down to 3900 area today with time left, IF 3890 breaks not much support there until 3870 and under.
CME_MINI:ES1!
by HollowMn
ES_F 3.01.23 Day Trading Prep 2.28.23 Review : Tuesday Globex made a push back inside Previous Daily Support area of 4012-3990 before RTH where we found Supply and got our move towards 3976-71 where we found buyers first time around but managed to break it towards end of day. 3.01.23 Prep : Was end of day flush yesterday a move to take in more supply at lower prices and we can hold in balance today with possible move back inside Previous Daily Support and over? or will we see some continuation to Yesterday? Price has been holding under Daily Support which is signaling weakness but we can see we still have buying every push lower. Globex did give us open continue to yesterdays shorts, tagging our lower Support where we again found buyers to get us back over 3976-71. Today holding above 3976-71 which be somewhat of stability for us and if we can see a move over 3994-90 and accept back in Daily Support we could see a move back towards Previous Day high and possibly over towards our bigger supply area above. IF We fail to get back over 3994-90 and make a move under 3975-71 We are watching to see if we can make a move under Previous Day low towards lower Support and if we can hold under 76-71 a possible move towards the other side of that range towards 3944-40 // 3937-27 where we would watch for next reaction. Levels to Watch : Resistance - Key Daily 4012-3990 Key Intraday 4012-08 // 3994-90 Key For Continuation Higher 4030-27 Support - Key Daily 3930-3890 Key Intraday 3976-71 Key For Continuation Lower 3957-53 // 3944-40
CME_MINI:ES1!
by HollowMn
#ES_F 2.28.23 Day Trading Prep 2.27.23 Review : Globex pushed us back inside Previous Daily Support at 4012-3990 and we pretty much spent the day inside it with a look above and come back in, look below and end of day break but we still closed inside it. 2.28.23 Prep : Is 4012-3990 our Daily Resistance now or will we be able to stay inside it and push back out? We have Supply over 4030-25 and over 4012-08 now and still showing buyers under our Daily Support and the question today is are we going to stay in this Daily Support balance another day or are we going to make a move out of balance. Currently we are in our 4025-3976 range but it seems like value has shifted lower with Fridays move and its very possible to test Fridays low and maybe area under it at some point but for now we are Above T2 range and inside Previous Days Range, for a move lower we will want to see a move under 3994-90 and a break of 76-71 to get Inside T2 range and Under Previous Day low to give us more pressure for continuation towards lower Support targets. If we do hold 3994-90 today we can see a move towards 4012-08 and 4030-25 those are the Key Resistance areas to watch if we make a move there for continuation or reversal. We do have some data at 10am which may give us that move out of balance we are looking for and if not we trade within our current balance. Levels to Watch Resistance : Key Daily 4030-4012 Key Intraday 4030-25 // 4012-08 Support : Next Daily 3930-3890 Key Daily 3990-3976 Key Intraday 3994-90 // 3976-71
CME_MINI:ES1!
by HollowMn
#ES_F 2.27.23 Day Trading Prep Friday 2.24.23 Review: Globex took out Daily Support and our 3976-71 Key Level for continuation before RTH and that gave us a flush down to our next potential support area, the way we opened it seemed like we could see continuation under that next Support but it was our first test and we didn't have enough to break it even though we were under T2 and Previous Days Lows which is telling us its still very mechanical selling down to our Support areas where we still have buyers without breaking too much structure at the same time. Monday 2.27.23 Prep: Friday closed right at our 3976-71 area with position below, Globex ran the stops over 3976, held above and we pushed up over Previous Day high into previous Daily Support for distribution. Question today is can this Globex move hold us inside 4025-3976 range and will we have more buying to push us over this Previous Daily Support? Or did we use Globex to make a run to Previous Support, sell what we bought Friday at higher price grab more supply and come back in under 3976-71 to give us a test of our next Daily Support area? We are currently inside T2 range, over Previous Day high with Globex inventory long over the close which tells us there is good chance to see some correction to the inventory and this is where we will see if we can hold and continue higher or accept back in Previous Days Range and maybe go for its low? Key Resistance area today is this Previous Daily Support at 4012-3990 wit all of the Supply above it, if we fail to accept over it or hold within the opens the door for a move lower back to 3976-71 to see if we actually have any Support there from Friday or not. If we do accept and hold over 3976-80 area without failing back under we can stay in this range and see a push towards the upper part of Daily Support and maybe a look above it, we have to remember current move was done in Globex and depending on RTH orders it can come apart pretty quick but we are in a weird market right now so we must watch Key areas for clues for continuation. Levels to Watch: Resistance - Key Daily 4012 3990 Key Intraday 4012-08 // 3994-90 Key For Continuation Higher 4025-30 Support - Key Daily 3927 - 3890 Key Intraday 3976-71 // 3957-53 Key For Continuation Lower 3944-40 **** We have some Data at 830, this market hasn't been easy to trade, must be patient and exit at targets unless shows continuation.
CME_MINI:ES1!
by HollowMn
#ES_F Friday 2.24.23 Day Trading Prep 2.23.23 Review : Thursday Globex spent time building structure over our Key Daily Support, RTH Open made an attempt at our 4030-25 Key Intraday Resistance area for the day and failed giving us a very nice trade towards our Daily Support. After we broke 4012-08 we broke structure that was built over it and we got more selling hitting out 3994-89 target and tagging 3976-71 Level but no break and that was our Key Level for a continuation yesterday and instead we got a push back inside Daily Support and a move all the way back to 4025 Resistance WHAT a crazy market we are in but this is what we trade using STRUCTURE to show us the way. 2.24.23 Prep : Globex again opened over Daily Support and built structure over it, as we can see now we made a stop run towards 4025 but we still had plenty of supply over that area. Once we ran out of buyers and broke 4012-08 we again started leaking lower and this time we have less buyers under us because we cleared them out yesterday, we are back at our Key Support areas with data coming at 830. We have Supply above us, we are inside T2 range, inside Previous Day range. T2 and Previous Day lows are both at our Key Support areas, will we break them today and get continuation lower to next support or will we get a reversal to take out support OR spend another day in balance? Chances are good to see continuation lower but with this market we have to be careful and watch for continuation at our key location because reversal can be quick, depending on what we do at 830, today we have Daily Support at 4012-3990 which for now seems we are breaking, Key Support for continuation lower 3976-71 if we break and accept below we will find ourselves under T2 and previous days lows which could bring in more selling and our lower target could be 3957-53 // 3944-40 and Next Daily Support area around 3930 - 3890. For any upside to happen we NEED 3994-89 or 76-71 to hold AND get back over 4012-08 and HOLD then we can see a move back over 4030-25 and make upper resistance targets in play. So far our signs are pointing lower until shows otherwise. Levels to Watch : Resistance : Key Daily 4030 - 4012 Key Intraday 4012 - 08 // 4030 - 25 // 4046 - 42 Intraday ? 3994 - 89 Support : Key Daily 4012 - 3990 (currently broken) // 3930 - 3890 Key Intraday 3994 - 89 // 3976 - 71 // 3957 - 53 // 3930 - 3927 *** Careful trying to trade long if we are under T2 low because that can bring on margin call selling.
CME_MINI:ES1!
by HollowMn
#ES_F 2.23.23 Day Trading Prep 2.22.23 Review: Wednesday Globex failed to continue lower, RTH Opened and failed to accept over 4012-08 and that gave us a test of 3994-89 bottom of our Daily Support where we found buyers on the first test. It was FOMC Day but things were still moving well. We did get another test and full break of 3994-89 which tells us we have supply but I think because it was end of day that instead of continuation we got short covering before the close back towards Supply without leaving our current balance area. 2.23.23 Prep: Daily Support held yesterday but are we getting a bounce, another tighter range balance day or continuation lower? We failed to break 3994-89 yesterday which told us we still had buyers and not enough supply at that time but do we have buyers strong enough to hold us and push us back over resistance? We know the buying yesterday was mostly short covering at Daily Support before the level break, IF today we cant get back over 4030-25 and get back under 4012-08 there is a very good chance to test that 3994-89 again and if we break this time we will again find us under T2 and Previous Day Lows which could bring further continuation to the downside if that will happen we can watch lower targets if we get under 3976-71 our lower Support areas will be in play. If we do hold 4012-08 and get over 4030-25 we can attempt a run our higher Supply area over 4046-42. If we fail to really get going anywhere today its possibly to stay in this 4012-08 - 4046-42 range as well, we watch level to level for continuation to either side. Levels to Watch: Resistance: Key Daily 4103-4084 Key Intraday 4030-25 // 4046-42 Key For Continuation 4061-56 Support: Key Daily 4012-3990 Key Intraday 4012-08 // 3994-89 // 3957-53 Key For Continuation 3976-71
CME_MINI:ES1!
by HollowMn
#ES_F 2.22.23 Day Trading Prep 2.21.23 Review: Tuesday Globex made a move under Previous Day Low and our 4061-56 Support. RTH Opened, filled the gap and got continuation lower into our next Daily Support at 4012-08. The way we opened/drove made me think there is a chance to break Daily Support but market held after the break and that tells us that selling is still mechanical and that its just supply coming out no outside selling. 2.22.23 Prep: We are currently sitting on top of our Daily Support of 4012-3990, Globex made a move under 4012-08 took the stops but didn't have supply to tag 3994-89. Tricky day today with the Fed Minutes but we have some good references to watch. We are inside Previous Day Range and over our Daily Support and these will be key areas today, we are still under T2 range which means we should see more sellers at some point but we need to watch which areas they step in, if we don't have outside supply right now then then price could still head higher before finding sellers if sellers come in at all unless more volume comes in at RTH and they take it lower right away. We are at Support area and we have to treat it as such until broken. Right now 4012-08 // 4094-89 are our key areas for continuation lower and 4030-25 is what we will be watching to make a move higher. Our bigger supply areas for the day are over 4046-4061 and 4084-77 possible areas to watch where more sellers can step in if we get there. If Daily Support gets broken we will watch for possible targets down to 3976-71 // 3957-53 a potential area to find support. Levels to Watch: Resistance - Key Daily 4103-4084 Key Intraday 4084-77 // 4061-56 Intraday 4046-42 // 4030-25 Support - Key Daily 4012-3990 Key Intraday 3994-89 // 3976-71 // 3957-53 Intraday 4012-08 ? *** Caution as Minutes can bring big swings today at 2.
CME_MINI:ES1!
by HollowMn
#ES_F 2.21.23 Day Trading Prep 2.16-17.23 Review: Thursday we failed to continue over 4170 and failed to hold 4143-37 which gave us a move to our lower target down at T2 low and a break of 4103-4099. Friday we opened at potential support area and were able to hold it during the day due to short covering before the weekend with a move back towards potential resistance towards the close but failed to get over it and get back towards 4100. 2.21.23 Prep: We are not counting Sunday/Monday action because of the Holiday. Currently inventory is short compared to Friday's close, we are under T2 low, barely inside Previous dat Range and are under Daily Support. Will we see continuation today and how far can we go? We will have to see what they got in store for us, we have now accepted in this 4080-4030 range, currently still have support at this 4061-56 area. Since inventory is short we might see some correction before or after open and from there we need to see if we will get a continuation move today or a reversal back towards 4100. For any move higher to sustain I think we would want to see price take out 4084-77 and base there before moving over 4100. For continuation lower we want to see us holding under 4084-77and eventually take out Previous day low and continue, Our next potential support is under 4030-25 which would be our next Daily Support at 4015-3990. The way we are looking today, we should see some continuation but anything can happen and we could balance some more. We have supply now but we also have shorts covering each step lower which is giving us these holds, until we see us run out of supply or a big bid come in direction could still be lower with 4030-15 and under an area where we could see buying. Levels to Watch: Resistance - Key Daily 4123-4100 Key Intraday 4084-77 // 4103-4099 Support - Key Daily 4012-3990 Key Intraday 4046-42 // 4030-25 // 4012-08 Current ? 4061-56 *** Treat today as Monday and it might need time to show the move this morning. Watch where we open
CME_MINI:ES1!
by HollowMn
2
#ES_F 2.16.23 Day Trading Pep 2.16.23 : Will not be trading next two days so will be brief. We are again over 4143-37 but failing to get over 4168-62 Resistance which is Key for continuation higher and staying in this 4215-4140 area. Today our Key levels to watch stay the same from yesterday but we have been building up under Resistance all night now, we do have data coming this morning so we have to see what we do but IF we fail to get continuation over 4168 means we cant get out of T2 or Previous day high and get more buyers to come in and we get under 4143-37 then our key Daily Support comes in question with our T2 low being right at key location around 4100. If we happen to break 4143-37 and get under 4123-19 we have 4103 and 4084-77 as possible targets and if we can hold under T2 low with time still left in the day then we watch for continuation under 4084-77. If we do get over 4168-62 we watch if we can move over towards 4191-85 and 4220-15 and IF the move can sustain it self or fall apart later. Levels to Watch: Resistance : Key Daily 4215-4191 Key Intraday 4168-62 // 4191-85 Support: Key Daily 4123-4100 // 4025-4012 Key Intraday 4143-37 // 4123-19 4103-4099 For Continuation 4084-77 *** We could spend the day in another grindy day between 4140-4190 area as well so have to watch out for that, and also if it will be slow most of the day then we watch for a break down or move out later in the day as it could be tricky before it makes a move.
CME_MINI:ES1!
by HollowMn
1
#ES_F Wednesday 2.15.23 Prep Wednesday 2.15.23 : Yesterday after CPI it looked like we could get our continuation lower after we took out 4123-19 Support but we failed to even tag 4103-4099 Key area for entrance back into T2 range where short covering came in and gave us a push back over 4143-37 telling us there is still good Daily Support in that area but the move higher failed to continue or reach 4168-62 because we trapped good amount of supply over 4150 in the morning to hold us down. Can we see that continuation today? Very possible because market has been showing us for last few days that we now have supply but not yet enough to take out T2 areas and make more people sell out. Today holding above Daily Support of 4123-4100 will be a sign of strength and we are inside T2 Range right by the high. Today 4123-19 will be our Key Support only with its break we can see continuation lower, if we fail to get back to 4123-19 and get over 4143-37 our T2 high area that will put next Resistance and Previous Day high as a good target, if we can make a push past that at some point and hold then could see us go for the stops over 4191-85 towards 4220-15. On the downside if 4123-19 breaks we are looking at Previous Day and T2 low as targets and possible break and continue. Unless those break and continue we are staying in this smaller balance with 4143-37 being our middle, 4168-62 Resistance and 4123-19 Support. IF Daily Support breaks watch out to the down side. **** We Do have Data this morning and for now holding under 4143-37 so watch out if data flushes under daily support and holds then we could see a big down day towards 4000 area and we will not be looking for any longs. Levels to Watch: Resistance Key Daily 4215-4191 Key Intraday 4168-62 Current 4143-37 Support Key Daily 4123-4100 Key Intraday 4123-19 // 4103-4099 // 4084-77
CME_MINI:ES1!
by HollowMn
#ES_F Tuesday 2.14.23 Prep Monday 2.13.23 Review: Sunday Globex pushed the market over our 4103 Resistance opened above it and we got a long move towards our supply area which is telling us there are still buyers at the cost basis at 4084-77 but even with both attempts over 4143-37 Resistance weren't as strong and didn't give much continuation or rejection, which so far tells us that this area over 4143-37 is heavier outside supply area and for now we are in balance here and still have shorts covering to keep us up. Tuesday 2.14.23 Prep: Currently over Daily Support, over T2 range and right around Previous Day High and waiting for CPI. Interesting spot we are in as we are sandwiched between Daily Support/Resistance in Distribution mode, can we hold up today and go higher? Will they use the data to run it higher and sell what they can before dropping the bid? or will we drop at CPI and either keep going or reverse and trend back up? Few different scenarios can play out but here is what we know. Our Daily Resistance area is 4215-4191 and Daily Support at 4123-4100 will be Key Locations to watch, any move into Daily Resistance we need to be careful with because unless we base under 4191-85 before taking it out or take it out and base above before taking out 4220-15 then it would be hard to sustain and keep up I think and we need to be careful for it to not reverse if we even go that way of course but we have to keep in mind its a larger supply area and if shorts see supply they will drop the bid and today if 4143-37 goes again that could give us lower targets down to 4084-77 which was already tested Thursday/Friday and might not have as much support this time around which is also our T2 low area. We are over T2 range and under supply so even with CPI we have to keep in mind that we could stay in a tight range still today without a big move out, something to watch out for if we just trade between the Daily Area. On the upside if 4143-37 holds today we have stops lined up over 4168-62 and 4191-85 those are good targets with possible move to 4220-15 if it stays strong. I will watch where the market will go first and make a decision from there. Levels to Watch: Resistance: Key Daily 4215-4191 Key Intraday 4220-4215 // 4191-85 Current 4168-62 Support: Key Daily 4123-4100 // 4000 Key Intraday 4143-37 // 4123-19 // 4084-77
CME_MINI:ES1!
by HollowMn
#ES_F Friday 2.10.23 Prep Thursday 2.09.23 Review: Globex made a move over 4143-37 Resistance into next resistance at 4168-62 where we failed to hold and once RTH opened we corrected inventory back under 4143-37 and held under giving us a signal for short trade towards lower support targets 4123-19 // 4103-4099 // 4084-77. The way the day started was thinking that there is a chance to get under 4100 and with help of margin call selling push under 4084-77 but when we were still holding over 4100 before 2pm chances for that were slim but 4084-77 was still a good target to hit and test. We did fill the single prints from the Fed and now need to wait for next direction. Had some nice trades today, short from 43.75 area with exit around 84.50 would have been the trade. Friday 2.10.23 Prep: Previous session tagged 4084-77 Support and closed over it and now we are waiting to see what we will get next, continuation lower? another buy the dip? We are right at the edge of Key Support areas and can still expect to see buyers here, will it continue or hold somewhere around here and reverse later will depend on if its trapped supply coming out or outside selling. Right now we have to give it time and see what kind of structure it builds out to trade from. Going into tonight we watch 4103-4099 as Resistance and 4084-77 as Key Support and Previous Day Low. If we make a move under 4084-77 that opens the doors for a test of 4061-56 and if broken 4046-42 those two areas would need to be taken out for any continuation lower and to see our edge at 4030-25. For upside to play out we want to see buyers either at 4084-77 or strong buyers at 4061-56, our T2 low is at 4123-19 which is our Key Resistance for the day and we should have supply coming out from there which means we will only move there if we find strong buyers or run out of supply under 4103. If selling is not that strong watch for us to balance between 4103-4056 areas, Levels to Watch: Resistance: Key Daily 4214-4191 Key Intraday 4143-37 // 4123-19 Intraday 4103-4099 Support: Key Daily 4103-4084 // 4012-3990 Key Intraday 4084-77 Key For Continuation 4161-56 Next Key 4030-25 **** We are still in our bigger balance area and until we show a full move out we can stay in these back and forth this whole month unless we start breaking out of these daily areas and holding under/over. Time to be patient and strike when the move sets up.
CME_MINI:ES1!
by HollowMn
2
#ES_F Thursday 2.09.23 Prep Previous Day: Globex built out structure over 4168-62 but did not have enough buyers to get us to our Key Resistance area for the day and once the structure broke under 68-62 we got our move lower in RTH down to 4143-37 which broke easily and opened the door for lower targets and a bigger sell off but instead it took us half a day to pull back and take another attempt without any success at breaking into 4123-19 Key Support area for the day and we ended our day in b profile under 4143-37 becoming our potential resistance. Today: Globex opened and pushed into 4143-37 taking it out later in the night and now we are back in the scene of the crime from Yesterday. We are currently inside Previous Day Range inside T2 Range and hanging out under Key Daily Resistance area, is today the day we make another attempt higher and try to push over 4191-85 up to 4220-14 and maybe look above? or are we running out of buyers and trapping longs up here and will drop the bid under 4143-37 again? If the market is really strong we wont see it come back under 4143-37 and eventually take out 4168-62 and make an attempt at 4191-85 which would be our Key Intraday Resistance for today and if that gets taken there is always a chance to see 4120-14 and maybe the level above if it really makes a push but don't get too crazy up there as its an area of Supply and bid can either be dropped from there or can see more slower sideways action. If we fail to get over 4168-62 and fail to find support at 4143-37 then we could possibly see a test of Previous Day low, T2 low and that 4084-77 area but those area all big areas to hit and will only happen if we see break under and hold continue/ Other wise we could spend the whole day in tighter range again and possibly do break out over 4191-85 later in the day after we consolidate. Levels to Watch: Resistance: Key Daily 4220-4191 Key Intraday 4191-85 Current 4168-62 Support: Key Daily 4103-4077 Key Intraday 4143-37 If breaks watch 4123-19 for any continuation
CME_MINI:ES1!
by HollowMn