ES1!: Trading range and Levels for Oct 6 - 7

Oct 6

Haven't shared day trading levels in a while.

Here are the levels for ES1! that I am watching.

The labels correspond to the probability of hitting based on the condition of passing one level.
For example, ES1! has crossed below 6,784, putting at hit of 6,773 at 85%. If it crosses below that, the next level has an 89% chance of hitting, etc. etc.


Not advice, just sharing levels for your reference if you're interested.

As always, safe trades!

Oct 7

Note

🫣

Oct 7

Note

ES1! has broken down from a bearish wedge.
I knew it would break down at some point, since this pattern always is bearish even on the S&P, but surprised it happens without a catalyst.

Move should bring us to at least 6723.