ESMorg

ESMorg Updated 

On Friday, sellers lost a three-day support zone at 6060, triggering a 60+ point sell. Buyers gave us a late-day short squeeze to the 6027+ target before the sell-off continued. As of now: It’s straightforward. Bulls must reclaim 5986 to squeeze toward 6006+. Otherwise, watch for 5955 and 5942 as next downside levels.

ESMorg Updated 

This week has been about one level in ES: 6097-6100. It’s been my target since last Friday and remains a major resistance. Bulls control above it, while bears dominate below, aligned with the FOMC resistance. Yesterday, we hit the level and sold off. As of now: • 6060-6066 = support. • Bulls must reclaim 6078 to rally to 6087, then 6097-6100. • ...

ESMorg

Levels are acting very precise in ES. Since Monday’s failed breakdown at 5980, the sole target for this rally was 6100 (FOMC backtest), hit to the tick at close Tuesday and followed by a solid short since As of now: • 6066 is weak support. • Bulls need to reclaim 6078-80 to rally toward 6095+. • If 6066 fails, selling could resume back down...

ESMorg

Last week centered entirely around one key level: the 6060 magnet, which set up every trade of last week and delivered again Sunday evening. As posted in full plan here yesterday, 6060 needed to reclaim to trigger a long, and we’ve already seen +10 points off it. As of now: 6075 is next, reaction there, followed by 6088 and 6098 if buyers can push through....

ESMorg

This week will revolve around one key magnet: 6063 area (megaphone support), and ES has respected it so far. After selling there, bouncing, and now spending 20 hours consolidating, it’s backtesting the December 3rd breakout level. As of now: 6063 remains support. Buyers holding above keeps 6079 and 6088-93 targets in play. If 6063 fails, expect a dip to...

ESMorg Updated 

Last friday, buyers reclaiming 6088 triggered a nice long. Since then, ES has been basinh, with 6088 now acting as support. We’re forming a 3-day “megaphone” pattern now. As of now: 6088 (already tested) and 6081 are supports. Buyers holding above keeps 6109 and 6117+ targets in play. If 6081 fails, sell triggers could take us down to 6068.

ESMorg Updated 

This week 6102 was top magnet from buyers & we spent all day yesterday in a tight base between 6102-6088 . I mentioned 6088 had to fail to dip to 6080, 6066. It triggered coming into close yesterday, & we hit 6080 exact As of now: 6080 is support. Buyers must reclaim 6088 to push back up to 6097, 6105+. 6080 fails, dip to 6065-70

ESMorg

In yesterday’s plan, I gave 3 key targets: 6074, 6082, and 6102. We hit 6102.25 as the high of the day. At this stage, there’s nothing to do but hold runners until a dip presents itself. As of now: 6088 (weak) acts as support. Holding above keeps 6104, 6116-18, and 6130+ in play. If 6088 fails, expect a dip to 6080, with a 6066 backtest next.

ESMorg

Yesterday, I highlighted that ES was flagging for another leg higher. 6074 was hit, followed by 6082, just tagged. As of now: Lock in profits here and let runners ride. Next up are 6090 and 6102-106. 6067 acts as support. A dip below targets 6052.

ESMorg

Yesterday, 6063 remained the focus as ES has been glued to this level for two days, taking it very literally while flagging again. Nothing to do but let runners work. As of now: 6078, 6092, and 6100 are the next targets. Supports on a dip are 6045 and 6035. Bulls remain in control as long as we stay above 6035.

ESMorg

On Friday at 9am, I highlighted that ES had set up for a “huge trend leg” with targets at 6038, 6045, and 6063. We reached 6060. Now, the market is building structure again. As of now: 6055-6032 is all a consolidation zone, with 6045 as the mid-pivot. Buyers need to defend 6032-35 on any dips to keep 6063, 6072, and 6088+ in play. If 6032 breaks, expect a dip to...

ESMorg

Plan for Monday **Supports:** • Major: 6045, 6032, 6024, 6014, 5988-93, 5983, 5961-5959, 5954, 5943, 5933, 5914, 5893, 5878-81, 5859-62, 5843, 5820. • Minor: 6038, 6033, 6018, 6009, 6002, 5976, 5972, 5948, 5928, 5922, 5921, 5908, 5904, 5885, 5869, 5864, 5854, 5850, 5836, 5828. **Resistances:** • Major: 6063, 6088, 6100, 6119, 6131, 6143,...

ESMorg

NOTE: This trade plan is for the next two days. Both Thursday and Friday are half days for futures closing at 1pm EST. The NYSE is closed tomorrow, but open for a half day Friday. Volatility and volume will be very light and setups will be limited. The below levels are also for two sessions, which means they may be less precise than usual as I am basically...

ESMorg

The steady climb persists in ES. As posted yesterday breakout above 6002 would push us higher with 6027, 6036, and 6046 as targets. We hit 6046 exactly. As of now: 6026=support (already tested once). Holds keep 6038, 6044 in play. Breakout potential to 6073 above. If 6026 fails, watch for dips to 6017, then 6002.

ESMorg

This week has revolved around one key level: 5988, the new money magnet. Yesterday, it held as support, sparking a 30-point rally before we got a flush. However, a failed breakdown reclaimed the level overnight. As of now: Watch for 6026 next, with 6038 beyond. Supports are 6009 (weak) and 5988-93.

ESMorg

Buyers let patience pay off. Last week (and the week before) had formed a 2-week bull flag with 5980 resistance. Mentioned that if 6002 clears if could give us momentum to 6017. Buyers gapped up over night and now we are sitting exact at 6017. As of now: Let runners ride if you have them. 6009 (weak) and 6002 are supports. Holding above keeps 6027-32, 6046+ in...

ESMorg

Plan for Monday’s Session Supports: • Major: 5972, 5945, 5933, 5908, 5899, 5884-5882, 5869, 5855, 5845, 5828, 5818, 5802, 5782, 5760, 5752, 5731, 5709-11, 5691, 5683. • Minor: 5980, 5967, 5961, 5957, 5948, 5944, 5928, 5922, 5914, 5904, 5893, 5878, 5865, 5850, 5839, 5835, 5812, 5806, 5793, 5777, 5740, 5721, 5702, 5695. Resistances: • Major:...

ESMorg

Yesterday (as mentioned in the plan sent out Wednesday’s), I was anticipating a rally to 5993, the flag resistance from the November high in #ES_F. After an 80-point move, buyers got to 5986 and sold off. As of now: 5961 and 5954 are key supports. Holding above keeps 5972 and 5980 in play. Consolidation here could set up 5998+. If 5954 fails, expect a dip to...