Market Structure.
Short Term Theme. All timeframes are effectively in balance. So the theme in the ES is balance. If you zoom out and look at the ES, you will see it has basically gone nowhere for the past month. It has been in a very large range between 3600/3800. Dip buyers into 3600 have been rewarded and rip sellers into 3800 have also been getting rewarded. IMO this is all setting up for a directional move.
Excess High. Remember 3735 was an excess high last week that bulls wanted to take out. It is also last week's VAH. My thesis is bulls want to hold above this level for continuation. Thus, it will be my pivot for Monday.
Single Prints. There are single prints from Friday, which we can look at for Monday's cash session. They are at 3755. Holding above would demonstrate strength for bulls.
Related Markets.
Effectively all levels for the related markets remain the same.
For ES bulls, they would like to see VIX subdued below 30, as well as the DXY subdued below 112.
For ES bears, they would like to see VIX reclaim 30 and DXY bid above 114.
Trade Plan Monday.
Pivot is 3735.
Above targets are 3777 / 3800 / 3820. Break and hold > 3820 targets 3830 / 3850.
Below targets are 3712 / 3691.
Trade Plan Given 5 days a week. Road Map to profits.
Stay Frosty.
Dm for more info
Short Term Theme. All timeframes are effectively in balance. So the theme in the ES is balance. If you zoom out and look at the ES, you will see it has basically gone nowhere for the past month. It has been in a very large range between 3600/3800. Dip buyers into 3600 have been rewarded and rip sellers into 3800 have also been getting rewarded. IMO this is all setting up for a directional move.
Excess High. Remember 3735 was an excess high last week that bulls wanted to take out. It is also last week's VAH. My thesis is bulls want to hold above this level for continuation. Thus, it will be my pivot for Monday.
Single Prints. There are single prints from Friday, which we can look at for Monday's cash session. They are at 3755. Holding above would demonstrate strength for bulls.
Related Markets.
Effectively all levels for the related markets remain the same.
For ES bulls, they would like to see VIX subdued below 30, as well as the DXY subdued below 112.
For ES bears, they would like to see VIX reclaim 30 and DXY bid above 114.
Trade Plan Monday.
Pivot is 3735.
Above targets are 3777 / 3800 / 3820. Break and hold > 3820 targets 3830 / 3850.
Below targets are 3712 / 3691.
Trade Plan Given 5 days a week. Road Map to profits.
Stay Frosty.
Dm for more info
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