ES - November 17th - Daily Trade PlanE-mini S&P 500 FuturesCME_MINI:ES1!jhill1618November 17th- Daily Trade Plan - 7am *Before reading this trade plan, IF, you did not read yesterdays, or the Weekly Trade Plan take the time to read it first! (You can see both 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. -------------------------------------------------------------------------------------------------------- On Friday I posted an update note around 12:28pm and wrote a summary of the key levels and their reactions as we squeezed on Friday. I also wrote "Price can still reach 6808 and potentially as high as 6842. Price will need to cool off and needs to hold 6746 as it is the most significant level (Yesterday's Low) we could flush down to 6730 with no lower than 6713 with any pullback, but I would not be interested in any action until it recovered the 6746 level. IF that happens, we will have a shot of clearing 6892 next week and head to ATH's heading into end of month" 6pm open last night we quickly lost 6746 at the open down to 6740, quickly reclaimed 6746 and rallied overnight to 6802 before pulling back around the European open to 6764. This was a classic failed breakdown. WHY? We can see that 6746 was Thursday's low, it was also strong resistance on Friday and now we got more points from this level at the open and has been a strong support since the squeeze on Friday. Overnight high is 6802 and low is 6741. Any loss of 6746 and reclaim should be good for another try at the overnight high. 6764 loss and reclaim should be another decent level for some points. Key Levels Today- 1. Loss of 6764 and reclaim 2. Loss of 6741-46 and reclaim 3. Loss of 6731 (maybe down to 6721 area) and reclaim 4. Loss of 6713 and reclaim 5. Loss of 6670 and reclaim (Highest Quality - Friday's Low) Support Levels - 6764, 6741-46, 6731, 6713, 6703, 6691, 6677, 6670, 6654, 6643 Resistance Levels - 6775, 6785, 6802, 6813, 6831, 6842, 6851, I will post an update around 10am EST ---------------------------------------------------------------------------------------------------------------- Couple of things about how I color code my levels. 1. Purple shows the weekly Low 2. Red shows the current overnight session High/Low (time of post) 3. Blue shows the previous day's session Low (also other previous day's lows) 4. Yellow Levels are levels that show support and resistance levels of interest. 5. White Levels are previous day's session High/Low