ES - August 26th - Daily Trade PlanE-mini S&P 500 FuturesCME_MINI:ES1!jhill16186:25am EST - Daily Trade Plan I started off this week posting the following: "What is the plan for this week? When you look at the 2hr, 4hr, 8hr chart and zoom out, you can see that the trend is up and that we will probably need to digest Friday's rally and most likely chop around ideally above 6468, 6452 levels with 6429 being the lowest level we would want to test. Then we can retest the 6508 level and continue higher this week with 6522, 6547 my main targets with 6596 if bulls really want it. IF, we lose 6369, my lean is that we will continue lower and a new market trend could be starting to unfold with 6245 the big area for us to hold to stay bullish in the bigger picture." ------------------------------------------------------------------------------------------------------------ Last night we touched 6430.75 and rallied 20pts to 6453 which we tested and rejected this level 2x and are now coming into the 3rd test of the level. The overnight session high was 6464 and low was 6430.25. All levels marked in yellow are support/resistance levels we want to wait for price to flush and recover to enter or if we can recover a level above, back test and enter for a move higher. IF, price can reclaim and clear 6453, we should be able to test 6464, above there we should target 6470, 6482, 6487, 6496, 6508 then 6522, 6547 as my main targets and bulls can still reach 6562, 6581, 6595 if they really want it! IF, price loses 6430 and cannot reclaim then we will move down the levels with 6411, 6399 and 6385 as the first levels we can look for a reclaim and move back to retest the 6430 level. I will post an update around 10am EST.