ES (SPX, SPY) Analysis, Levels, Setups for Thu (Nov 13th)E-mini S&P 500 FuturesCME_MINI:ES1!MyAlgoIndexHTF Analysis Daily Chart: The overall trend remains bullish. Currently, the price is situated near the upper range, just below the previous swing high in the 6,960–6,980 zone. The market structure is characterized by a sequence of higher highs and higher lows, indicating that we are experiencing a temporary pause rather than a confirmed peak. 4-Hour Chart: We’re observing a robust V-shaped recovery from the 6,63x–6,66x support zone, with the price now consolidating sideways beneath overhead resistance. The recent 4-hour candles are overlapping within today’s range, suggesting a coiling pattern under resistance rather than a decisive breakout. 15-Minute to 30-Minute Charts: There’s a well-defined range forming. The highs are established around the 6,900–6,915 level, while the lows are consistently found between the 6,872–6,865 shelf, with further lower shelves below. Today's price action has effectively mapped out a framework for potential trading opportunities moving into tomorrow. MACRO / EVENTS The government shutdown has officially ended, and normal operations are resuming across agencies. This removes the associated headline risk. The market can now return its focus to the usual macroeconomic drivers: inflation data, the Federal Reserve's policy path, and corporate earnings. However, there remains some uncertainty regarding the timing and form of upcoming inflation releases due to previous disruptions in data collection. The 8:30 AM ET time slot is still considered a potential source of market volatility. Aside from that, the economic calendar is relatively light, meaning that trading activity around our key levels will likely drive most of the intraday market movements. SETUPS FOR TOMORROW (LEVEL–KZ STYLE) Long setup 1 – bounce from 6,872–6,865 Idea: Look for Asia or London to probe into 6,872–6,865 and hold. If we see a clean rejection candle on 15m or 5m and then price reclaims 6,880 and holds above, that sets up a continuation long. Trigger concept: Reclaim and hold above 6,880 after testing 6,872–6,865. Risk anchor: Below 6,865, with a little room for noise depending on spread and volatility. Initial target: 6,900–6,915. Secondary target: 6,935–6,955. Stretch idea: If 6,955 holds as new support and order flow remains strong, leave a small runner with eyes on 6,975–7,000. Long setup 2 – deeper dip buy at 6,852–6,839 or 6,810–6,800 Idea: If 6,872–6,865 fails cleanly but overnight selling is controlled, watch for a fade into 6,852–6,839 or, in a stronger flush, 6,810–6,800. Look for exhaustion and quick reclaim of the upper edge of the band as a signal that buyers are stepping back in. Trigger concept: Fast rejection wick through the band followed by a close back above the upper edge on 5m–15m. Risk anchor: Below the lower edge of the chosen band (either under 6,839 or under 6,800). Targets: First push back to 6,872–6,865, then 6,900–6,915 if momentum improves. Short setup 1 – fade 6,900–6,915 pop-and-fail Idea: If price rips into 6,900–6,915 during NY AM without first testing the lower shelves and then quickly fails to hold above 6,900, that is often a spot to fade the top of the range. Trigger concept: Wick above 6,900–6,915 with a 5m–15m close back below 6,900. Risk anchor: Above 6,915–6,920. Initial target: 6,872–6,865. Extended target: 6,852–6,839 if 6,872 cracks and holds below. Short setup 2 – rejection from 6,935–6,955 Idea: If we get a clean breakout above 6,900–6,915 but the first test of 6,935–6,955 stalls with heavy wicks and no follow-through, you can look for a tactical fade of that 4h supply pocket. Trigger concept: Failure to hold above 6,955, with a rotation back under 6,935 on a 15m close. Risk anchor: Above 6,960–6,965. Initial target: 6,900–6,915. Secondary target: 6,872–6,865 if selling expands. RISK NOTES Avoid trading in the middle of the 6,872–6,865 and 6,900–6,915 band; let price push into the edges and then trade the reaction. Size down if price is very slow and overlapping ahead of the 8:30 ET window; there is no need to swing full size into dead tape. If you see a sudden spike around the data or headline window, focus first on how price behaves at the key shelves 6,872, 6,900, and 6,935 rather than trying to guess the news.