ES - February 26th - Daily Trade PlanE-mini S&P 500 FuturesCME_MINI:ES1!jhill1618February 26th - Daily Trade Plan - 8:30am *Before reading this trade plan, if you did not read yesterday's take the time to read it first! (You can view the posts in the related publication section) * If my posts provide quality information that has helped you with your trading journey. Feel free to boost it for others to find and learn, also! My daily trade plan and real-time notes that I post are intended for myself to easily be able to go back and review my plan and how I did from an execution perspective. ** NOTE - If you trade before I write out my daily trade plan. You can look at the prior days chart and 9/10 the levels already pre-planned out are still being respected. ** -------------------------------------------------------------------------------------------------------- Yesterday I stated the following on the 10:05am - Update "Price needs to clear 6945 to continue higher. If we lose 6930 we will need to test 6917, 6900." At 11:27am we finally broke above it and then back tested 6945 at 11:37am and then rallied higher. Overnight High is 6969 and the Overnight Low is 6942 (Coincidence?) No, it is a strong support that was resistance yesterday and has been support since. We have tested this area 3x overnight and the next time we test this level, I am not sure how much liquidity will be left. IF we do flush 6942 and reclaim 6956, we should continue higher. 6969 is the top end of the range and in the bigger picture, price must clear yesterday's high 6976-84 area and we can then see 6996, 7011+. Key Levels Today - 1. 6942 - Flush and Reclaim (Waiting on 6956 reclaim would be safer) 2. 6931 - Flush and Reclaim 3. 6917 - Flush and Reclaim 4. 6900 - Flush and Reclaim (Yesterday's Low & Highest Quality Level) Below and we will most likely be selling off pretty hard and you will need to wait for price to build a base at or below a key level on the chart. I say often in my daily trade plan that when price rallies before the NYSE open into a heavy resistance area to be careful on having FOMO and riding price higher. Institutions can rug pull price very quickly. While I have no idea what will happen this am, it is better to be cautious than greedy. Be patient on levels and let price show its hand at each key level. I will post an update around 10am EST. ---------------------------------------------------------------------------------------------------------- Purple = A Weekly Low (Current or Previous Week) Blue = A previous day low (Day before or day in the past week) Red - Overnight Session High/Low (Prior to my post) White = Key Support/Resistance Levels