Daily Plan 06/08

Largest down day in quite a while on Friday. Puts us right back within or rather towards the lower end of the prior multi week balance we had. The edges of this balance will be the focus for the week. Expecting rotational within this for now until otherwise.

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ES

Main focus for tomorrow is 7358 - 65 and 7452. These mark off arguably the largest shelves within the prior balance we are now trading in. Lots of single prints on Friday so let’s be cognizant of those as well. They do a decent job lining up with some of the smaller shelves. Thinking rotational within the two ranges above until otherwise.

With the ETH holding the lower end and working towards the upper end, I will word the below a little differently.

Acceptance above 7452, target 7473. Continued strength above and target 7488, 7504, then 7540 - 43.

Up against 7452, target 7419 and 7358 - 65. Continued strength below and target 7327 then 7299 - 7301.

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NQ

Main focus for tomorrow is 28850 - 860 and 29480 - 500. These mark off the edges of the bulk of value established during the prior balance we are no trading within. Some notable shelves within this are 29165 and 29340. Lots of single prints from Friday that line up closely with some of these prior levels so lets keep this in mind.

With the ETH working off the lower end and trading smack dab in the middle of the range, will likely have to work with the smaller shelves within the balance to start the RTH.

Above 29337, target 29480 - 500. Continued strength above and target 29700 and 29780.

Below 29165, target Friday’s low/close and 28850 - 860. Continued strength below and target 28660 and 28520s.

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