#ES_F / #NQ_F Trade Plan July 9
Navigating the S&P500 and Nasdaq 100 futures with Barky's Three Level Trade Plans
Daily Chart Update
The plan for this week was to expect consolidation. So far, I could not have been more spot on. We had inside days yesterday, and although the session was largely chop, the two paths I proposed price could take, both played out, backtested and failed, with path two giving a solid long around 10AM into the US session.
Plan result: 15 points $ES_F and 55 points $NQ_F. These trades are recapped in today’s educational section.
Both indices continue to consolidate into D1 EMA9, now having formed tight hourly ranges with D1 EMA9 attempting to push price higher. Buyers have to defend yesterday’s lows to keep upside in play.
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
The plan for this week as published on July 6 is to expect consolidation and a potential pullback as price was climbing on fading volume and RSI weakness, signalling potential exhaustion.
Key Trigger: Losing D1 EMA9 sparks consolidations or pullbacks.
Pullback Targets: D1 EMA21 aligns with our new weekly Trend Control Diagonals (see W1 update above).
Break out supports: ES $6153 - NQ $22426
Key weekly supports: ES $5959 - NQ $21567
Plans for the Coming Session
Daily turns are best managed on the 4 hourly chart. Both indices have mature H4 EMA50 consolidations, and are ready to break out. Failing triggers short.
Bullish: Long to reclaim H4 EMA9 and sweep last week’s highs (ES $6333, NQ $23100).
Bearish: Short with H4 EMA9 pushing, to sweep last week’s lows (ES Short $6223, NQ $22581).
Reversal Triggers:
- failing to reach and/or hold last week’s highs signals failed breakouts;
- no new highs after H4 EMA50 backtests signals failed swings (activated today).
Barky’s Three Level Trade Plans provide precise entries to navigate these setups.
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