Traders,
I hope you all had a great trading day.
One trade +11 ES points.
Let’s do a quick recap and go straight into a plan & levels.
Session Recap (ES).
As per our weekly / daily plan, we were bullish on Emini futures for the week above 6228; bearish intraday below 6256. The market struggled to find sellers below our pivot for the week 6228 (OVN LOW: 6227.25) and a nice bounce ensued into our intraday pivot during the cash session. Effectively our intraday pivot and our weekly pivot were the session high and low! Fantastic levels. In the room, we tried a long during power hour and caught +11 points. Not a massive trade but green is green!
Below is how the market reacted to our pivot(s), which are illustrated by the blue line(s).
I highly recommend joining the room now as prices are still lower than usual. They will be incrementally raised week to week to return to the normal price.
Spooz closed for business at 6249.
Market Structure.