Renzo Bazargani
30.9K posts
@palmafutures
Full-time ES/SPX trader|The market doesn't lie, neither do my levels|Premarket game plans with precise $ES_F/ $SPX levels & OVN analysis every single session 👇
$ES_F Update 2 The 1st ⬇️ target was reached & after a brief consolidation the market moved further down. The next target was also achieved & then the Buyers stepped in precisely at this level. Now market has reversed & reclaimed the weekly pivot. Note that the 1st ⬇️ target aligns with the prior Balance high, therefore, this resulted in a failed breakdown. $SPX $SPY
$ES_F Update After a brief consolidation at the open, the opening price held firmly & the market railed to today’s pivot. This area was rejected which led to a pullback to the opening price. This level has now been broken & market sold off back to the weekly pivot. Acceptance below this area is required for the Bearish case & opens the door to the downside targets. See the plan 👇 $SPX $SPY
$ES_F Futures / $SPX Analysis & Game Plan For Day Trading During the OVN session, the ES market gapped higher and initially broke above today’s Pivot of 7266, reaching the key overhead resistance area highlighted in Sunday’s analysis. Price then rotated lower back below the daily Pivot and tested the prior month’s high at 7253.5, which was defended. However, the Sellers stepped in aggressively, driving price sharply lower through the 7230 weekly Pivot and into the first downside target. From there, the market staged a sharp rebound, reclaiming ground and rotating back toward the prior month’s high. This behavior confirms a two-sided, rotational environment. As long as price remains between the overhead resistance area and the weekly Pivot zone, the edge lies in fading these extremes while avoiding the mid-range around the daily Pivot, where conditions are prone to chop. A shift in behavior only occurs with clear acceptance outside of this range. Paid subscribers know exactly what needs to happen for the Bullish case to continue today. Open it before the session starts 👇 S&P 500 E-mini Levels For 5/4/2026 open.substack.com/pub/palmafutur… h/t: @Callum_Thomas
$ES_F Update 2 The OVN high area is holding as support for now as the market consolidates after hitting a new all-time high, which was very close to the final ⬆️ target of the day as per today’s plan. It is important how we close today - a close around the highs would be quite Bullish & confirms the breakout of the overhead resistance highlighted in the plan. $SPX $SPY
$ES_F Update The resistance zone was quickly tested at the open as support & then the market rallied, achieving acceptance above this level - a requirement for the Bullish case. The 1st ⬆️ target area was reached & broken with the market at new all-time highs. However, the next target was missed by just a few points since price topped around 7300. This led to a pullback to the OVN high, which could hold as support. $SPX $SPY
$ES_F Futures / $SPX Analysis & Game Plan For Day Trading During the OVN session, the ES market pushed higher into the overhead resistance zone, where price was rejected and began to consolidate. The market is consolidating just below a key resistance zone following a strong breakout, keeping the broader structure supportive. Acceptance above the overhead resistance zone would signal continuation, while failure to sustain above prior breakout levels would favor a return to rotational trade. Subscribers get today's key levels, bias, and all scenarios. Open it before the session starts 👇 S&P 500 E-mini Levels For 5/1/2026 open.substack.com/pub/palmafutur…
