ES - September 15th - Daily Trade PlanE-mini S&P 500 FuturesCME_MINI:ES1!jhill1618September 14th - 2:10pm On Friday 12th we were looking for a pull back to 6576 for an entry higher with targets of 6606 up first. We never pulled back after the 4:15am low and we held the 6585 level the rest of the day and recovered it again at the close. The Friday trade plan is going to be very similar to what we are looking for Monday. I will post my usual 6am overnight session update with a new chart, but for those trading at the open, you can follow the following plan. (You can also check out the weekly trade plan and Friday's Daily Trade plan in the related publication section) --------------------------------------------------------------------------------------------------------------------- Make sure to read the Weekly Trade Plan if you have not already. Trade Plan for Monday is as follows: Ideally, we get a flush of 6576 and reclaim to head higher up the levels. Below 6585 and this will become a new overhead resistance as we spent a lot of time at 6585 zone since the Thursday break out. I do think price can make its way down to 6562 area, flush and reclaim the 6565 level and back test 6576, then potentially keep the move going higher. Below 6562 and 6550 is next good level to wait for a reaction with 6535 being a high-quality level we would like to flush and reclaim, then test levels above. It is FOMC week, and anything can happen leading into Wednesday. We have had a nice run the past few weeks and most of the pull backs have been around 25pts-35pts. We hit a new high at 6606 Friday afternoon and sold down to 6583. A move down to 6562 level would keep the typical pull backs we have seen in play. While it can go lower, Ideally, we don't lose 6550 or if we do we get a quick reclaim and keep moving higher. Key Support Levels - 6583, 6576, 6569, 6562, 6551, 6535, 6522 Key Resistance Levels - 6592, 6596, 6600, 6606 Upside targets above are 6615, 6622, 6637+ My main levels I will be watching for a pull back to are 6576, 6562, 6535 is last big area that I believe needs to hold, or we could be in for a change of character. Any loss of 6490 should be a bigger picture caution sign and we will evaluate price action daily via the Daily Trade Plan. I will post an update around 8pm once the session open settles out and I will update a new plan if any major changes transpire before 7am EST on Monday. --------------------------------------------------------------------------------------------------------------------- Couple of things about how I color code my levels. 1. Purple shows the weekly High/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 shows the trendline from the August lows.