#ES_F / #NQ_F Trade Plan June 13

Mastering the S&P500 and Nasdaq 100 futures with Barky's Three Level Trade Plans

Table of Contents

1. Previous Day Trade Plan Review;

2. Chart Updates and Trend Status;

3. Updated Trade Plans for $ES_F and $NQ_F for the session ahead;

4. $ES_F Three Level Trade Plan;

5. $NQ_F Three Level Trade Plan;

6. $VIX Chart and Levels;

7. Video Trade Plan - a 15 Minute Trade Plan Explanation;

8. Education and Previous Session Trades Reviewed;

9. Methodology.

Here is everything you need to succeed in today’s market!

Session Review

I wanted to see lower highs before the anticipated daily short could take heart. The system was leading the way with beautiful hourly diagonal entry models. It presented the only real opportunity in an otherwise very difficult session.

• ES: 42 points long;

• NQ: 169 points long.

Every day new levels, then the same setup, same concept, same execution. Such is the advantage of a repeatable strategy, a framework for consistent risk management.

Setup charts recapped under education in today’s newsletter.

D1 - Daily chart update

It was in the cards all week, price always leads news. I’m not going to sit here and state that warnings were sent - I don’t really care about being right. I’m sad today for two reasons: war… and they short triggered while I was asleep.

First targets below were $5967 / $21548 where longs have to set up to initiate the turn. We are here now, at D1 EMA21. The plan for today is bounce here to backtest D1 EMA9 (already in play), and if D1 EMA21 is lost, D1 EMA50 is next down.

For ES $5927 is key support with $5868 below, for NQ it is $21548 with $21253 below. That is where price meets D1 EMA21 (here now) and D1 EMA50 below (next target down).

This is the dip I want to buy. Now it is just a matter of patience. We are in weekly bases, and if D1 EMA50 does not support price, we could see accelerated selling. Keep in mind, however, that war is historically bullish markets - an awful reality, but for our job, we have to follow price, not sentiment.

W1 - Weekly Chart Update

I’m pleased to say that my understanding of the system has arrived at a level that allows me to execute without hesitation. FOMO into that look above was real for me, just as much as anyone, but the system said we needed backtests. Weekly higher lows could be under way, depending on where we close today.

For now, my eye is on a weekly V-Shape setup - slowly forming an weekly inverted head and shoulders pattern, which at this stage is not yet there. The D1 EMA50 box would set it up.

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When price touches the weekly EMA21, it consistently aligns with the three week EMA9. W3 is highly effective for filtering macro trends.

W3 Chart Update

The system allowed us to draw the diagonal. Charting W3 every day is boring, but I guarantee you that once or twice per year we will be happy we have this section.

Buyers can afford higher lows above $ES_F $5759 and $NQ_F $20377 without jeopardising the structural uptrend.

For the Coming Session

Beautiful hourly break outs yesterday, and although PA was relentless, incredibly fast, the models were there in the sequence that the system was designed. I shared yesterday in preparation: “remember: if we push hard, the setup sequence to look for is always M1 EMA9 Push model, M5 EMA9 Push model, M10 EMA9 Push model, M5 EMA50 Push” - The M1 EMA9 Push model was there, and it was the easiest long of the day.

For today, they say markets don’t turn on Fridays. We have seen that confirmed countless times.

At the time of this writing, markets are at the first projected downside targets. ES has to reclaim $5967, NQ has to reclaim $21548 to initiate a possible bounce. Those bounces would backtest the breakdown for lower highs, and we should look to sell these bounces short - H1 EMA9 key - possible paths/trades illustrated in the attached chart, with the three key levels marked for both indices.

See trade plan charts and video for details, levels and instruction.