#ES_F 3.07.23 Day Trading Prep

업데이트됨

Monday 3.06.23 Review : Globex pushed us into the resistance area at 4061-56, RTH Opened on Gap up and buyers came in for continuation, we hit our upper early in the day and then consolidated below it. 4084-77 was our key area for continuation higher and we failed to take it out and showed weakness at it instead, until we built up enough Supply which gave us a nice short trade towards Previous Days range.

Tuesday 3.07.23 Prep : Are we getting any move out today or staying in balance? We have Powell doing something at 10 and we are at an important location, we have few weeks of Supply above us over 4084 - 4100 and we possibly trapped enough shorts under 4030 - 4015 to give us Support. These are the areas to watch for a move out of this current 4077-4030 range. We have been going sideways in smaller range all night around this 4061-56 Resistance area and we have to see what we do from here. We are right in the middle of the range inside yesterdays value which tells us it could be choppy and also the range has been tight so far which is not ideal for trading until that changes. 4084-77 is still our Key Resistance for continuation higher and any break down would need to break and accept under 4030-25 for continuation, until then can stay in balance.

Levels to Watch

Resistance : Key Daily 4103-4084 Key Intraday 4084-77 // 4103-4099 Current 4061-56
Support : Key Daily 4012-3990 Key Intraday 4030-25 // 4012-08 Current 4046-42

노트

IF we start breaking lower supports and holding under 4046-42 and take out 4030-25 that could bring on a bigger move lower after 10am. I think todays biggest options are either reverse and see where we can find Support or try to hold in balance. Lets see what we get

노트

IF we accept back inside T2 range and break 4030-25, we watch if we get enough selling to head for T2 low which is also our Daily Support IF that breaks and we still have time in the day, our next Daily Support is at 3915-3890

노트

Breaking into Daily Support which was previously broken so we wont have as much buying here and Supply above. If we break we can look for continuation towards next Daily Support. T2 low would be place where we watch what we do next

노트

Watch out for Margin calls, If things get frisky our next good Support is under 3915-3890 area