Daily Plan 02/25
Yet another rotation after sellers failed to press lows. Back towards the upper end of the balance ahead of the State of the Union and NVDA earnings after the close tomorrow. Same gameplan into tomorrow. Unless we start to see volume and time spent above these shelves up here, we simply fade back down and rotate back down to lows. Continue to be patient and wait for setups up against our levels.
ES
Main focus for tomorrow is 6905 - 10 marking off one of the shelves within this now eight day balance. Also marks off yesterday’s small spike and VPOC. Upper most shelf sits 6920 with the lower most shelf of the balance above at 6932. Buyers need to be above this and preferably the two mentioned above to feel comfortable in a long up into these balance highs. Back below becomes a problem and we simply repeat the process of rotating back down to the bottom end of the balance. Some other notable levels to work off of and manage risk are the shelf within the balance 6890 and VPOC also yesterday’s VAL 6876.
Above 6905 - 10, target 6920 and 6932. Acceptance above and target 6962 - 66.
Below 6905 - 10, target 6890, 6876, and 6833 - 35.
NQ
Main focus for tomorrow is 25040 and 25110. Upper most shelf yesterday and upper most shelf of recent balance respectively. Acceptance above and we look for the rest of the single prints from 02/12 to get filled. The AVWAP off the ATH also sits here. Continued strength and acceptance beyond this can put buyers in control again. Below this and back into yesterday’s range becomes trouble for buyers. Likely another rotation back down. Within yesterday’s range, watching 24920s as a pivot.
Above 25040 and 25110, target 25190 - 220. Acceptance above and target 25275 and 25400 - 420.
Below 25110 and 25040, target 24920. Acceptance below and target 24770 and 24670 - 690.
