Key catalysts and schedule (ET): The federal shutdown continues, pausing most government statistics. There is no 8:30am tier-1 macro release expected. The energy markets will receive the EIA Weekly Petroleum Status Report at 10:30am. Of particular note, the Fed’s Michael Barr is scheduled to speak during the U.S. day, a potential market-moving event. Earnings reports from AT&T, Thermo Fisher, Boston Scientific, and Vertiv before the open, and IBM after the close, could also sway the index mood.
Key zones — resistance: The 6,765–6,795 zone, serving as the weekly/daily supply and prior high-high band, remains a crucial area of focus. It is the first ceiling to consider. The 6,820–6,830 zone becomes an intraday magnet if we manage to hold above 6,795. The 6,840 stretch target is a significant level that requires time above 6,795 first. The 6,852–6,855 zone is a potential squeeze extension, but only if momentum persists beyond 6,840.
Key zones — support: 6,725–6,735 is the prior NY session high / POH pocket and first decision area on any overnight strength that fades; 6,701–6,705 is the 1h equilibrium and flip line for intraday bias; 6,685–6,690 is the intraday pullback shelf and first buyable dip if 6,701 briefly slips and reclaims; 6,655–6,665 is the 1h demand pocket that keeps the rebound credible; 6,604 is the deeper extension stack that only comes into play on risk-off.
Overnight → NY forecast: baseline expectation is a range build under the 6,765–6,795 ceiling with stop-runs into the band and fades back toward 6,735 and 6,705; acceptance and sustained holding above 6,795 turns the tape constructive toward 6,820–6,830, with a paced push to 6,840 and only a momentum extension opening 6,852–6,855; loss of 6,701 during Asia/London that does not quickly reclaim tilts the path toward 6,690 and 6,665 before buyers try again; if 6,665 gives way decisively, risk opens to 6,604 where a larger bounce attempt is favored.
Setups (Level-KZ Protocol, 15m→5m→1m)
Bias and invalidation: The market currently exhibits a 'two-sided bias', meaning it is neither bullish nor bearish, while we are trapped between 6,705 and 6,795. The tape turns constructive for extensions only after holding above 6,795 for multiple 15m closes. The intraday bias flips lower if we slip and cannot reclaim 6,701 on 15m closes. Invalidate any long if 6,665 breaks and holds; invalidate any short if we base above 6,830 and the first pullback defends 6,820.
Kill-zones and execution plan: Asia (20:00–00:00 ET) is optional and sized down; look for the 6,701 sweep/reclaim; London (02:00–05:00 ET) favors range probes into 6,735 or 6,705; NY AM (09:30–11:00 ET) is primary — fade the first touch of 6,795 if we gap under it, or buy the 6,795 pullback if we gap and hold above; manage lunch as maintenance only (12:00–13:00 ET); NY PM (13:30–16:00 ET) allows a final push toward 6,840 only if 6,820–6,830 converts to a floor.
Risk and management rules (applied to all plays): use a hard stop anchored to the relevant 15m wick ±0.25–0.50; take no partials before TP1; at TP1 close 70% and move the runner to BE; allow no more than two attempts per level per session; time-stop any trade that hasn’t hit TP1 or SL within 45–60 minutes.
Key zones — resistance: The 6,765–6,795 zone, serving as the weekly/daily supply and prior high-high band, remains a crucial area of focus. It is the first ceiling to consider. The 6,820–6,830 zone becomes an intraday magnet if we manage to hold above 6,795. The 6,840 stretch target is a significant level that requires time above 6,795 first. The 6,852–6,855 zone is a potential squeeze extension, but only if momentum persists beyond 6,840.
Key zones — support: 6,725–6,735 is the prior NY session high / POH pocket and first decision area on any overnight strength that fades; 6,701–6,705 is the 1h equilibrium and flip line for intraday bias; 6,685–6,690 is the intraday pullback shelf and first buyable dip if 6,701 briefly slips and reclaims; 6,655–6,665 is the 1h demand pocket that keeps the rebound credible; 6,604 is the deeper extension stack that only comes into play on risk-off.
Overnight → NY forecast: baseline expectation is a range build under the 6,765–6,795 ceiling with stop-runs into the band and fades back toward 6,735 and 6,705; acceptance and sustained holding above 6,795 turns the tape constructive toward 6,820–6,830, with a paced push to 6,840 and only a momentum extension opening 6,852–6,855; loss of 6,701 during Asia/London that does not quickly reclaim tilts the path toward 6,690 and 6,665 before buyers try again; if 6,665 gives way decisively, risk opens to 6,604 where a larger bounce attempt is favored.
Setups (Level-KZ Protocol, 15m→5m→1m)
- Short fade at the 6,765–6,795 band on the first clean test: enter on a 15m close back inside the band and a 5m re-close with a lower-high; place SL above 6,805–6,810; target 6,735 for TP1, 6,705 for TP2, 6,690 for TP3; if TP1 prints, close 70% and set the 30% runner to BE.
- Long continuation only after real acceptance above 6,795: wait for a 15m full-body close above, then buy the 5m pullback that holds 6,795–6,800; SL 6,785; target 6,820–6,830 for TP1, 6,840 for TP2, 6,852–6,855 for TP3.
- Quick-reclaim bounce at 6,701–6,705: if we sweep 6,701 and instantly reclaim on 1m/5m, buy the reclaim with SL 6,695; target 6,735 for TP1, 6,771–6,780 for TP2, 6,795 test for TP3.
- Deeper flush-and-reverse at 6,655–6,665: buy only on confirmation (15m wick-rejection + 5m higher-low); SL 6,649; target 6,690 for TP1, 6,705 for TP2, 6,735 for TP3.
- Bear continuation only if 6,701 is lost and holds below: sell the underside retest of 6,701–6,705; SL 6,712; target 6,690 for TP1, 6,665 for TP2, 6,604 extension for TP3 if momentum expands.
Bias and invalidation: The market currently exhibits a 'two-sided bias', meaning it is neither bullish nor bearish, while we are trapped between 6,705 and 6,795. The tape turns constructive for extensions only after holding above 6,795 for multiple 15m closes. The intraday bias flips lower if we slip and cannot reclaim 6,701 on 15m closes. Invalidate any long if 6,665 breaks and holds; invalidate any short if we base above 6,830 and the first pullback defends 6,820.
Kill-zones and execution plan: Asia (20:00–00:00 ET) is optional and sized down; look for the 6,701 sweep/reclaim; London (02:00–05:00 ET) favors range probes into 6,735 or 6,705; NY AM (09:30–11:00 ET) is primary — fade the first touch of 6,795 if we gap under it, or buy the 6,795 pullback if we gap and hold above; manage lunch as maintenance only (12:00–13:00 ET); NY PM (13:30–16:00 ET) allows a final push toward 6,840 only if 6,820–6,830 converts to a floor.
Risk and management rules (applied to all plays): use a hard stop anchored to the relevant 15m wick ±0.25–0.50; take no partials before TP1; at TP1 close 70% and move the runner to BE; allow no more than two attempts per level per session; time-stop any trade that hasn’t hit TP1 or SL within 45–60 minutes.
If you want to contact me Email: info@algoindex.com or algoindex.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you want to contact me Email: info@algoindex.com or algoindex.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.