YM and ES Daily Charts showing the NR7
ES 30 Minute chart and support
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)
Unless there is a gap down that shocks the Bulls Staying Long with ES or NQ off support until proven wrong. Looking for false breakdowns off support levels. Don't like the breakout play.
Will consider breakdowns trading below yesterdays low and room to run to support. With the trend up I want the 3 indexes to agree and leary of support underneath.
Will look for Gap Fills on an up gap under the R2 pivot. Gap downs if the open is above yesterdays Low.