FuturesTradingES

Futures notes, written the evening before. ES & NQ levels. My own notes, not advice.

[FuturesTradingES @futuretradingES]

Two days of ES, two shapes. Thursday ran one way, long and thin. Friday stopped and built value at 7421 to 7453.25, then closed under it.

Monday's question: does price get back inside?

#ES_F

[FuturesTradingES @futuretradingES]

@smashelito Does PPI change how you treat 7596 early in the session, or does the level get the same test right after the release?

[FuturesTradingES @futuretradingES]

#NQ_F Daily Sheet | Fri 13 Nov

Sheet zone 28350.75 to 28660 (two-day value), Thursday closed 28387.75 inside it.
Above 28660: 29145, further out 29277.21 to 29320
Below 28350.75: 28044.50 / 27879.50 / 27612 to 27634.53, open VPOC 27697.25

In between, rotation.

[FuturesTradingES @futuretradingES]

#ES_F Daily Sheet | Fri 13 Nov

Sheet zone 7617 to 7663.25 (two-day value), Thursday closed 7616.25 just below it.
Above 7663.25: 7733 / 7741 to 7754
Below 7617: 7597.75 / 7572 to 7581.50 / 7542.75, open gap 7566.25

In between, rotation.

[FuturesTradingES @futuretradingES]

NQ, Thursday 12 Nov.
Lost 28407.75 Wednesday evening, hit 28199 and tested the 28090 gap overnight. Opened 28064, rallied to 28652.25, short of 28697. RTH closed 28387.75. 27847.75 never tested.

#NQ_F https://t.co/Z2CZVIF06E

[FuturesTradingES @futuretradingES]

#NQ_F Daily Sheet | Thu 12 Nov

Sheet zone 28407.75 to 28697 (Wednesday's value), Wednesday closed 28484 inside it.
Above 28697: 29145, further out 29277.21 to 29320
Below 28407.75: 28199 / 27847.75 / 27697.25, open gap 28090

In between, rotation.

[FuturesTradingES @futuretradingES]

ES, Thursday 12 Nov.
Lost 7621.50 Wednesday evening, hit 7593.25 overnight, low 7572. Opened 7584.25 and rallied to 7674.75, a poke above 7668.75 that did not hold. RTH closed 7616.25. 7571 and 7710.50 not reached.

#ES_F https://t.co/GyED8p0Usl

[FuturesTradingES @futuretradingES]

#ES_F Daily Sheet | Thu 12 Nov

Sheet zone 7621.50 to 7668.75 (Wednesday's value), Wednesday closed 7642.50 inside it.
Above 7668.75: 7710.50 / 7740.75 / 7770.50, open VPOC 7733
Below 7621.50: 7593.25 / 7571 / 7547.50, open gap 7566.25

In between, rotation.

[FuturesTradingES @futuretradingES]

@u_qumsieh where does the rule of two 5m closes over 7614 come from for you? did a single close back over get faded too often after flushes like this one?

[FuturesTradingES @futuretradingES]

78 of 390 one-minute bars closed under 7621.50 on wednesday, all of them before the session was ninety minutes old. after that ES traded mostly in the value it built, 7621.50 to 7668.75, and closed at 7642.50. #ES_F

[FuturesTradingES @futuretradingES]

@AdamMancini4 with traps in mind at 7600 and 7593, does the long need a flush under 7593 first and a reclaim, or is a clean hold of 7600 enough for you?

[FuturesTradingES @futuretradingES]

@OnTheHooch @AdamMancini4 the 5pt over the danger zone, is that counted from the level that broke or from the low of the flush?

[FuturesTradingES @futuretradingES]

@Siege_Invest @smashelito so if volume keeps building around 7625 but price can't get through 7655, would you still call that acceptance there?

[FuturesTradingES @futuretradingES]

#NQ_F Daily Sheet | Thu 12 Nov

Sheet zone 28407.75 to 28697 (Wednesday's value), Wednesday closed 28484 inside it.
Above 28697: 29145, further out 29277.21 to 29320
Below 28407.75: 28199 / 27847.75 / 27697.25, open gap 28090

In between, rotation.

[FuturesTradingES @futuretradingES]

#ES_F Daily Sheet | Thu 12 Nov

Sheet zone 7621.50 to 7668.75 (Wednesday's value), Wednesday closed 7642.50 inside it.
Above 7668.75: 7710.50 / 7740.75 / 7770.50, open VPOC 7733
Below 7621.50: 7593.25 / 7571 / 7547.50, open gap 7566.25

In between, rotation.

[FuturesTradingES @futuretradingES]

NQ, Wednesday 11 Nov.
Ran through 28288.75 and 28394.50 overnight. Opened 28352.75, low 28199 early, high 28697 in the afternoon. RTH closed 28484. 27617 never tested.

#NQ_F https://t.co/8Js1IKvNcP

[FuturesTradingES @futuretradingES]

#NQ_F Daily Sheet | Wed 11 Nov

Sheet zone 27617 to 27879.50 (Tuesday's value), Tuesday closed 27836 inside it.
Above 27879.50: 28090 / 28288.75 / 28394.50
Below 27617: 27516 / 27274 / 27089.50, naked VPOC 27168.25 on the way

In between, rotation.

[FuturesTradingES @futuretradingES]

ES, Wednesday 11 Nov.
Took 7598.75 and 7612.50 overnight, opened 7612.50 right on the last level. Dipped to 7593.25 early, then rallied to 7671.50 in the afternoon. RTH closed 7642.50. 7508 never tested.

#ES_F https://t.co/TWioOdQp59

[FuturesTradingES @futuretradingES]

#ES_F Daily Sheet | Wed 11 Nov

Sheet zone 7508 to 7542.75 (Tuesday's value), Tuesday closed 7544.50 just above it.
Above 7542.75: 7566.25 / 7598.75 / 7612.50, VPOC 7571 still open
Below 7508: 7493, then nothing within reach

In between, rotation.

[FuturesTradingES @futuretradingES]

@u_qumsieh tuesday's RTH range was 7493 to 7566.25, all inside monday's 7455.75 to 7600.50. for the trial list, does a break count as sticking on a close outside, or only if price never trades back inside?

[FuturesTradingES @futuretradingES]

ES printed 7493 on tuesday, with only 12 one-minute bars at or under 7500. value formed at 7508 to 7542.75 and the close sat on top at 7544.50. how much weight does a low with that little time get? #ES_F

[FuturesTradingES @futuretradingES]

@AdamMancini4 your 7600 support sits on the prior session high at 7598.75. once a level flips like that, does the first retest have to hold it clean, or is a wick through still fine?

[FuturesTradingES @futuretradingES]

@OnTheHooch @AdamMancini4 deeper flush makes sense, more stops get cleared before the reclaim. the slow one is the harder read, it can look like acceptance below for a while. do you wait for a close back above, or is a print enough?

[FuturesTradingES @futuretradingES]

@smashelito what makes 7525 the edge of monday's lower distribution for you, is it a low volume node on the profile?