#ES_F / #NQ_F Trade Plan July 18
Mastering the S&P500 and Nasdaq 100 futures with Barky's Three Level Trade Plans
Daily Chart Update
Two possible paths proposed yesterday and I specifically said “breaking out”. I wanted to see a ‘look above’ level 1 followed by at least an hourly EMA50 consolidation to set up sustainable hourly break outs. We got exactly that. Price spiked higher on data, then the US open quickly flushed to backtest H1 EMA50 and completed eight hours of consolidation with undercuts to give our favourite entry model, followed by two adds and a late day continuation model. Fantastic follow through and price nearly at the projected target zones.
Plan result: 53 points $ES_F and 218 points $NQ_F. These trades are recapped in today’s educational section.
Amazing follow through from Thursday’s longs - with price taking out the high and squeezing to new all time highs for both indices. We were prepared for both directions, but I have insisted all week that the structure needed another advance to complete.
Both indices at target areas for big, big wins.
One of the best weeks in the Discord. For today, we trail the hourly EMA9 until momentum is lost, and then we shift defensive to play the hourly turn as outlined in my root timeframe instruction.
Revised levels, trade plans, trade recaps, charts, key levels, and trade plan video with video trade reviews, all in today’s newsletter.
Table of Contents
This Week’s Plan and the Coming Session;
Plan - New Three Level Trade Plans for $ES_F and $NQ_F;
$VIX - Implied Volatility (Bonus);
Video - Trade Plan Video with Previous Session Trade Recaps;
Recap Charts - Previous Session Setup Charts and Education.
For methodology, follow this link: Barky’s Three Level Trade Plans
Three Diagonals Will Change Your Life
This Week’s Plan
Plan for the this week as published on July 13: This week's plan centres on an "outside week," but whether the market moves up or down remains uncertain. The daily EMA9 contractions are the critical factors to watch. Expect sellers to attempt a pullback as RSI divergence confirmed exhaustion. Pull backs are never guaranteed, and would initially be dips to buy, with monthly OpEx the coming week’s main event. These are daily EMA9 consolidations in strong uptrends, and they rarely fade without taking out the high at least one more time.
Key Trigger: Losing D1 EMA9 sparks pullbacks towards demand.
Pullback Targets: D1 EMA14 aligns weekly Trend Control Diagonals and the projected demand zones.
Break out supports: ES $6153 - NQ $22426
Key weekly supports: ES $5959 - NQ $21567
Plans for the Coming Session
Make or break.
Looking above yesterday’s high and failing to hold D1 EMA9 signals failed swings to short.
COMPLETE: Acceptance above yesterday’s high targets the all time highs.
Barky’s Three Level Trade Plans provide precise entries to navigate these setups.
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