ES Plan Week #26
I update via X based on this plan as the market session unfolds in real time. Make sure to follow for the real time market updates! X (Twitter)- trader_izzy
Daily Timeframe Range Pivots 5779.25-5860
The market continues to be in a very tough spot. This tough spot is 6008-6258, a very important range on this daily timeframe as it was the breakdown of this daily range back in late February of 2025 that sparked the sell off into early April. Fast forward into late May the market has done a full round trip back into this daily timeframe breakdown area.
In last weekend’s newsletter ES Plan Week #25, I mentioned that 6008 would continue to be a very important level for bulls to hold above to keep control of this market in the short term. On Monday session, the market started off strong and went to break above previous week’s high (6097) but failed to hold above sinking the market back under 6097. From getting under 6097 the market began to pull back the next 3 trading days eventually coming to test and breaking under 6008 on Thursday’s short session. This dip was bought up into Friday session sparking an intraday day 66 point rally which was ultimately sold off back into 6008 to close out the week. Taking this action in consideration the market really didn’t do much as majority of the trading took place within last week’s high and low.
Once again into this upcoming week a lot of game planning will come from the smaller timeframes so let’s get into it!
4H Timeframe Range Pivots 5950-6109
On Monday’s night newsletter [ES Plan Week #25; Follow Through Tuesday?], I updated readers on the new range. The upper pivot remained at 6097 but the lower pivot updated from previously being at 6014 to 5950.25… previous week’s low.
Screenshot below from ES Plan Week #25 [Follow Through Tuesday?]
The market tested and even broke above 6097 Monday session but buyers quickly failed to hold above 6097 to put a bigger breakout trade in play. This right here only kept the market locked in within the wider range 6097-5950 for the week.
Heading into this week…
The upper pivot has slightly updated now to 6109 with the lower pivot continuing to be at 5950.
The next big move will come out of this range.
Above 6109 triggers a run targeting 6124/6134/6144/6154/6171/6181/6191. Overall getting above 6109 and holding on this move sets up the market for a run to test the ATH’s.
Below 5950.25 triggers an elevator move down with the bigger downside target set at 5876-5860 for now.
Until then the market just continues to be stuck within this wider range. It is possible the market can just remain trading from the highs all the way down to the lows and in doing so it is all consolidation. Always be cautious on chasing the market near the extreme highs and lows of this wider range… that is where most traders always get trapped.
We know two things as of now.
Where the market is at from a Daily Timeframe View perspective, which is back to retesting February’s breakdown range (6008-6258).
What the market is currently doing… which is just stuck and trading within the 4H range being 5950-6109.
Moving on now, I am going to drop into some more smaller timeframes that will be big clues for us on how to properly navigate within the 4H wider range.
1H Timeframe Range Pivots 5969.5-6073.75
Looking at the 1H timeframe the current range is just slightly compressed compared to the 4H range with the lower pivot set at 5969.5 and the upper pivot at 6073.75. The biggest takeaway from this timeframe is the mid pivot- 6017.
In between these two pivots there is an important level and that is 6017.75- Tuesday’s evening low. From setting this low the market rallied overnight that carried over into Wednesday’s cash open making a full round trip back near 6074. This rally attempt was sold off in the same Wednesday session coming right back near 6017. On Thursday’s short session this 6017.75 was cracked onto the downside which led to the weekly lows- 5969.
Friday session the market reclaimed right back over 6017.75 which set up another rally right back into 6074 which once again was met with sellers and overall just kept the market trading within 6074-6017 to close the week out.
Heading Into This Week…
6017.75 is going to serve as a mid pivot. Bullish above, bearish below. All short term.
Holding above 6017.75 keeps the market trading from 6017.75-6074.
Failure of 6017.75 opens up the doors to retest this past week’s low 5969.5 and right underneath is 4H Lower Pivot 5950.
15min Timeframe Playing Field- Trade Plan
Seller Zone 6074-6097.5
Buyer Zone 5985-6008
15Min Timeframe Range Pivots 6003-6071 (**To be updated**)