ES and NQ Five Day 30 Minute Charts
ES PRE MARKET THOUGHTSThis a sample of how I do my market preparation. The night before I form a hypothesis of how I will approach the day if the market gaps up or gaps down. Preparing the night before takes out all the emotion and once I see the morning gaps I then refer to my plan for the day.
White Lines show the Price Levels I will be paying attention to tomorrow along with the Highs and lows of the day and pivots:
- 1728.5 (previous gap fill, semi-support, if not for a gap fill wouldn't consider. Could run down to 1717.50 before bouncing)
Will look for Gap Fills on an up gap under the R1 pivot and a down gap above the S1 pivot/LOD.
If the Index's gap solidly over its High (which I would then consider support) I will consider running with the index long at the open. If the 3 index's have a bearish gap down, under there lows of 3 days ago (10/18), will look to short and go with the gap....and then consider breakdowns.
Will not consider any fade's short unless super a bearish gap. Not fighting a trend that has pulled back.