Tradivate
888 posts

Tradivate
@tradivate
Part-time MES & MNQ Futures Trader. Posts are my opinion and not financial advice. #MES_F #MNQ_F






This is a classic OPEX day in #ES_F and as warned - don't overtrade today. Choppy/corrective session as we work off the recent leg, and setup the next one. Levels working though. 7421 was support. Held exact. I posted reclaims of 35 off 21 trigger to 7450, hit. 7473, 7496 above


Choppy corrective mode the theme today in #ES_F as typical with OPEX - do not overtrade today as warned. Give ES time to digest the recent move and build new structure. We are coming into 7421 next support down. 7402-7399 remain below (watch traps). 7435 reclaims see 7450-55.

All targets have been run today in #ES_F and now work is done. The 7411 bear trap/Failed Breakdown was our long trigger yesterday. Today's targets were 7504, 7510, 7526 (all hit). Bonus were 7539 (hit exact), 7556 Wait for next bear trap. 7496-7500 1st micro support down


The 7402 lvl keeps paying over and over again in #ES_F. I posted at 1:47PM that 7402 must recover again to trigger up. We triggered, went +50. Now, 0 to do to wait but wait for next bear trap to do it again Plan today: 7428, 7411 (watch traps)=supports. 7455, 7464, 7473=upsides



We continue to dip down the levels nicely in #ES_F after *finally* losing a support shelf at 7402. We got our final trap long at 830am, ripped to 7422 1st target, then down we went. Sell targets were 7377, 7363, 7336 (watch traps). 77 reclaim to see a quick scalp to 90+

Today has been very straight forward in #ES_F. 1st support given at 8am was 7402. What happened? At 845AM, we sold to 7402 exact and held. Targets for today were 7422 (hit), 7434 (hit), 7448 remaining. Work's done, just ride runner for rest of the session now. Same supports


Another day that all upside targets hit before noon in #ES_F. We get 1-2 buyable dips weekly. Last was 6pm yesterday. Long trigger was Failed Breakdown of the 7345 daily low. We got it, and ran. Todays targets were 7402, 7413, 7418 (hit). Bonus are 7430, 7442. 7402=micro support


Big Picture View: 1 week ago, when #ES_F was 7180, I posted it spent the week building a bull flag 7198-7080. I was looking for a breakout to 7300+, we got it Plan Next Week: ES needs to digest this and backtest. 7245, 7198 (backtest) = supports. Sets up 7300, 7345, 7395 next



We've finally got volatility in #ES_F and that makes trading easy again after days of grind from Monday's 7199 long. 7369 was support, and we bounced ~20 points off it, then rejected. 7355 next down (watch traps here). 7369, 7377 above. 7332 next below if we keep dipping





