#ES_F / #NQ_F Trade Plan June 17

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

Gap ‘n go during the Asian session, then continuation into the European, with the US session setting up another volatile long at open which gave the only real opportunities for the US session before volume died down and price contracted the remainder of the day.

The system gave:

• ES: 46 points long;

• NQ: 198 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.

D1 - Daily chart update

Buyers reclaimed H4 EMA9 - the plan said that it had to reject to keep downside in play - and price made a new high after making a higher low. The uptrend is intact and buyers have only one target left: the all time high.

We have pullbacks into the Asian session to backtest yesterday’s break out, and sellers will have to follow through here if we are going to see a failed break out to target D1 EMA50. For now, buyers are in control and HAVE to hold D1 EMA9 to follow through on yesterday’s break out.

Failing to follow through keeps the dip in play. Looking for longs into D1 EMA50 is still high on my wish-list and unless price displaces higher today, this pullback is still very much in the cards.

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W1 - Weekly Chart Update

Another outside week - we discussed this in the trade plan video. This makes yesterday’s low of day key to the uptrend now. This wants the all time high. What an incredible long from April 8.

If sellers do decide to turn it here, W1 EMA9 and last week’s low remain the key areas to look for new longs.

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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

As price pushes higher, so does the EMA9. We have OpEx this week, and it is starting to look like shorts are in for another wild ride, especially now that Teheran wants to talk, and oil prices are coming down.

For the Coming Session

For today, again all that matters is H4 EMA9. For the Three Level Trade plans we turn to the hourly to find textbook diagonal entry models around H1 EMA50 Boxes.

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