ES - March 13th - Daily Trade Plan

Mar 13

March 13th - Daily Trade Plan - 8:00am

*Before reading this trade plan, if you did not read yesterday's take the time to read it first! (You can view the posts in the related publication section) *

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My daily trade plan and real-time notes that I post are intended for myself to easily be able to go back and review my plan and how I did from an execution perspective.

** NOTE - If you trade before I write out my daily trade plan. You can look at the prior days chart and 9/10 the levels already pre-planned out are still being respected. **
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We finally broke lower overnight and flushed & reclaimed the 6645 level as mentioned on yesterday's trade plan. We have now bounced 70pts and our Overnight High is 6708 with the Overnight Low being 6642.

It is pretty straight forward today. We have 6688 and 6674 as the 2 main levels we will be looking for a pullback to flush and reclaim and keep price moving higher. If price loses 6674 and cannot reclaim quickly. We will most likely need to retest the 6642 level.

If price can reclaim 6708, we should continue to 6727 minimum.

Key Levels Today

1. 6688 - Flush & Reclaim
2. 6674 - Flush & Reclaim
3. 6645 - Flush & Reclaim

Below here and we will most likely be selling off, and I would be waiting on one of the following levels to build a base at 6626, 6590.

I will post an update around 10am EST.
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Purple = A Weekly Low (Current or Previous Week)
Blue = A previous day low (Day before or day in the past week)
Red - Overnight Session High/Low (Prior to my post)
White = Key Support/Resistance Levels

Mar 13

Note

10am - Update

Price needs to hold the 6700 level, or we will most likely flush lower. I need to wait for price to come back down to a level below for me to enter a position. 6688, 6674 are the 2 levels I will wait on today. If we lose 6700 and are selling pretty fast, wait for price to show it wants to hold above one of the key levels once it has been flushed and reclaimed.