ES - September 17th - FOMC - Daily Trade PlanE-mini S&P 500 FuturesCME_MINI:ES1!jhill1618September 17th - 6am I stated yesterday in our daily trade plan - "My main levels I will be watching for a pull back to are 6681-83, 6671, 6643. The white trend line will continue to be a magnet on any pullback, but when we start to really sell off, price can slice through lots of levels below. That is why it is important to be patient and wait for price to build a good base and institutions to start accumulating again." We pulled back to 6682 then spiked to 6687 then lost the level after the open. We then flushed the overnight low of 6671, spiked, but could not hold anything higher 6675. We finally then hit the Monday afternoon low of 6663 with a very quick flush down to 6661.25. I was actually able to ride this move up to 6673 as my stop was at 6660 (not 6662) when I wrote my note yesterday at 11:07am. I also stated the "reclaim of 6671 should keep us moving higher". 6671 became a magnet yesterday and the highest we got was 6676. In my 3:35pm Note - "Today we got a nice pullback, and I was able to grab 10pts with a very tight stop. The 6671 level became a magnet this afternoon and then we lost it after 3:15pm. Price should still retest the 6682 level in the overnight session. IF, we lose the 6662 daily low, we will need to work down the levels with 6643 being a good spot for points. I do not think we will lose the 6662 low overnight and will most likely head higher to retest 6682 then continue up the levels if we can hold overhead resistance." What happened overnight? We still haven't cleared 6676 and finally lost the 6661 level after testing 2x with a nice flush down to 6653 and then reclaim of 6657. You can look at the 1 min chart around 4:30am and see that we flushed down to 6656, then back tested 6661, came back down to make a low at 6653 and you can enter on any reclaim of 6656. Of course, this was a great level reclaim that I was not yet awake for 🤷♂️. The good news, we should get another great setup at some point today. -------------------------------------------------------------------------------------------------------------------- Today's action is pretty simple, to be honest. Our overnight session low is 6653 with high at 6674. IF, we can clear 6674, we should continue higher. I think we will get another pullback, Ideally, to flush the 6653 level and reclaim or even better a deeper scary flush below 6643 and reclaim, then head higher up the levels. Key Support Levels - 6643, 6649-50 (white trendline) 6653, 6659, 6663 Key Resistance Levels - 6674, 6682, 6686, 6692, 6697 Upside targets above are 6700, 6709, 6724, 6732 (IF, Bulls really want it) My main levels I will be watching for a pull back to are 6659, 6653, 6648-50, 6643. The white trend line (6648-50) will continue to be a magnet on any pullback. Size down today and be patient. We have the FOMC at 2pm and I will only be taking trades that present themselves until around 12pm. I will be off my desk the rest of the day. I will send out a note around 10am after the NYSE open has settled.