ES - May 1st - Daily Trade PlanE-mini S&P 500 FuturesCME_MINI:ES1!jhill1618May 1st - Daily Trade Plan - 7:35am *Before reading this trade plan, if you did not read yesterday's take the time to read it first! (You can view the 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. *If you trade before I write out my daily trade plan. You can look at the prior days chart and 9/10 the levels already pre-planned out are still being respected. ** -------------------------------------------------------------------------------------------------------- You can look at my last post from Monday and see how price respected the levels very well all week long. I also stated on Monday that "I am still targeting 7240-7250 with this squeeze since March 30th lows". We hit this yesterday. Our Overnight High is 7263 and the Overnight Low is 7249. We are kicking off a new month with a record April. My expectation is that the Fed will cut rates in June and will most likely cause an issue in the bond market. While this is not trading advice, we need to think about price action from a Macro Level and identify the trend. Currently, we are in a massive uptrend since the March 30th lows and have a critical level at 7090 that needs to hold for price to continue higher. The immediate uptrend from a Micro perspective is that price needs to hold 7137 on any flush and reclaim. Key Levels Today - 1. 7249 - Flush & Reclaim 2. 7237 - Flush & Reclaim 3. 7223 - Flush & Reclaim 4. 7209 - Flush & Reclaim You can see on the chart that we could flush as low as 7137 and still keep this immediate micro trend going higher. If price does lose 7209 and does not flush and reclaim quickly. We will need to see levels lower to build a base from. I will post an update around 10am EST. ---------------------------------------------------------------------------------------------------------- Purple = A Weekly Low (Current or Previous Week) Blue = Key Support/Resistance Levels Yellow = The previous day low (Includes the current weekly daily lows) Red - Overnight Session High/Low (Prior to my post)