Daily Plan 07/15

Back to doing the plans and the desk after taking some time off to deal with some things. Thanks for being patient.

We continue trading within a balance on both the daily and weekly. Starting to spend some more time towards the upper half of the balance putting buyers in a bit more control for now. They must continue to defend levels and with the ETH drifting higher, we raise that bar to avoid yet another rotation down to the lower end of the balance.

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ES

Main focus for tomorrow is yesterday’s inside day high 7604. Buyers ideally want to hold above to initiate a breakout above this most recent balance. Willing to give them down to 7594, the upper most shelf of this 10 day balance. With the last four sessions spending most of its time within the upper distribution of this balance, I am leaning towards buyers to get this accomplished. Failure to do so and acceptance back within yesterday’s range could be troublesome with the series of weak lows we are creating.

Above 7604, target 7628. Continued strength above and target 7650 then 7665.

Below 7604, target 7594. Acceptance below and target 7570, 7556, then 7543. Continued strength below and target 7514 - 18.

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NQ

Main focus for tomorrow is 30050 - 080 marking off the upper most shelf on the composite as well as a couple session highs and lows from the past. This zone is weaker with the multiple tests now but we must still expect sellers there until otherwise. Failure up here takes us back down to yesterday’s range. Specifically watching the shelf and VAH 29860s and will be my line in the sand tomorrow for buyers to defend to avoid yet another rotation down to the lows of this massive balance.

Above 30050 - 080, target 30280 - 300. Continued strength above and target 30510 and 30600.

Below 30050 - 080, target 29860s. Acceptance below and target 29730 - 750 then 29550. Continued strength below and target 29230 - 260.

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