Daily Bias April 17

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Daily Bias April 17Micro E-mini S&P 500 Index FuturesCME_MINI:MES1!Cleo-tradesES Futures — April 17, 2026 | Dip First, Then Higher Highs SPI fill needed before clean continuation — ATH momentum intact TLDR: Bias: Cautiously bullish — retracement to SPI first then higher highs Draw on Liquidity: SPI 7,053 / LVN cluster below before continuation Invalidation: Clean continuation above 7,089 with no dip Plan Entry idea: Wait for dip into SPI 7,053 zone, confirm absorption, then long toward new highs above 7,089. Targets: New highs above 7,089 after SPI fill No trade if: Straight continuation from open with no pullback — no setup until SPI zone is touched -> Review — Thursday April 16 Result: Partially right — retracement played as expected but didn’t fully fill What happened: Price came down and tested the zone before bouncing. Didn’t reach full LVN fill but respected the SPI area. Takeaway: Structure was right. Patience at key levels works. Don’t force entries before confirmation.