September 14th - 7:45am
Recap of last week's plan -
"We have to stay bullish until proven otherwise, last week 6369 was the key level to hold and we did. This week 6410-6425 really needs to hold. I could see us pulling back into the 6425-6435 zone, trapping and moving us higher. The first big level I will be looking for a flush and reclaim is 6453-6458 area, that was last Thursday and Friday's levels."
"Target Levels for Week - 6567, IF, price wants it we could go higher to 6597, 6615 but those are not my main targets for the week as the white trendline around 6567 should be a strong resistance."
On Sunday we opened up and could only pullback to 6480 before building a nice base around 6490 area and that became the key low for the week. We ended up moving higher throughout the week and exceeded our targets of 6567, 6597, and just short of 6615.
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Let's review this week's plan!
ES contract (ESU2025) expires Friday September 19th, and I will be rolling over after close on Monday to December (ESZ2025). I will keep you posted on the Daily Trade Plan
Last week our low was 6480 with a high of 6606 put in on Friday at the close. The white trend line continues to be support and would be very bullish if we can flush no lower than 6560-64 level and then continue higher to the 6615, 6637 and could reach 6684, IF, price really wants it.
I anticipate trapping this week as we look towards the FOMC on 17th and Quarterly Window Dressing by Institutions.
We have to stay bullish until proven otherwise, last week 6490, 6545, 6575 are 3 key levels to hold this week and look for some reaction. (I will go into more detail on Monday Daily Trade Plan)
Key Support Levels - 6575, 6562-64, 6545-50, 6535, 6523, 6490.
Key Resistance Levels - 6496, 6507-09, 6520, 6542
Target Levels for Week - 6615,6637 and could reach 6684 zone.
My main levels I will be watching for a pull back to are 6576, 6562, 6535 is last big area that I believe needs to hold, or we could be in for a change of character. Any loss of 6490 should be a bigger picture caution sign and we will evaluate price action daily via the Daily Trade Plan.
Follow to read my daily trade plan - I will send out tonight's Sunday Session Open Trade Plan by 5pm EST.
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Purple Levels - Weekly High/Low
Green Levels - Weekly Targets
Yellow Levels - Daily Key Levels (See Daily Trade Plan)
White - Rising trendlines from august lows
Recap of last week's plan -
"We have to stay bullish until proven otherwise, last week 6369 was the key level to hold and we did. This week 6410-6425 really needs to hold. I could see us pulling back into the 6425-6435 zone, trapping and moving us higher. The first big level I will be looking for a flush and reclaim is 6453-6458 area, that was last Thursday and Friday's levels."
"Target Levels for Week - 6567, IF, price wants it we could go higher to 6597, 6615 but those are not my main targets for the week as the white trendline around 6567 should be a strong resistance."
On Sunday we opened up and could only pullback to 6480 before building a nice base around 6490 area and that became the key low for the week. We ended up moving higher throughout the week and exceeded our targets of 6567, 6597, and just short of 6615.
-----------------------------------------------------------------------------------------------------------
Let's review this week's plan!
ES contract (ESU2025) expires Friday September 19th, and I will be rolling over after close on Monday to December (ESZ2025). I will keep you posted on the Daily Trade Plan
Last week our low was 6480 with a high of 6606 put in on Friday at the close. The white trend line continues to be support and would be very bullish if we can flush no lower than 6560-64 level and then continue higher to the 6615, 6637 and could reach 6684, IF, price really wants it.
I anticipate trapping this week as we look towards the FOMC on 17th and Quarterly Window Dressing by Institutions.
We have to stay bullish until proven otherwise, last week 6490, 6545, 6575 are 3 key levels to hold this week and look for some reaction. (I will go into more detail on Monday Daily Trade Plan)
Key Support Levels - 6575, 6562-64, 6545-50, 6535, 6523, 6490.
Key Resistance Levels - 6496, 6507-09, 6520, 6542
Target Levels for Week - 6615,6637 and could reach 6684 zone.
My main levels I will be watching for a pull back to are 6576, 6562, 6535 is last big area that I believe needs to hold, or we could be in for a change of character. Any loss of 6490 should be a bigger picture caution sign and we will evaluate price action daily via the Daily Trade Plan.
Follow to read my daily trade plan - I will send out tonight's Sunday Session Open Trade Plan by 5pm EST.
-----------------------------------------------------------------------------------------------------------------
Purple Levels - Weekly High/Low
Green Levels - Weekly Targets
Yellow Levels - Daily Key Levels (See Daily Trade Plan)
White - Rising trendlines from august lows
Uwaga
September 15th - 9:45am - UpdateWe reached our first weekly target of 6615. Ideally, we get a pull back to head higher with the daily trade plan still valid. Check it out at
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