ES Daily Plan | April 28, 2025
Key Levels & Market Context for the Upcoming Session.
For new followers: The yellow levels highlighted at the bottom left of the chart are the primary levels that I focus on intraday. My strategy for preventing impulsive decisions at unfavorable locations involves following a simple yet effective rule of exercising caution when initiating trades outside of the yellow levels. This implies that I am cautious chasing longs above the final yellow upside target and shorts below the final yellow downside target. It is crucial to understand that refraining from chasing a trade is not an automatic invitation to initiate a trade in the opposite direction.
Make sure to review the Weekly Plan, which provides a broader perspective and highlights key levels of interest to observe in the upcoming week.
Visual Representation
Contextual Analysis
Friday’s session closed above the 50% retracement from the ATH, above March’s low, and at the 10% correction level of 5550, marking an outside week up. The daily chart is currently one-time framing up, signaling an upward trend.
As mentioned in the Weekly Plan, the key question now is whether buyers can sustain this momentum and target the unfilled gap at 5610.75. In the event of an immediate pullback, buyers will look to defend 5512 and 5475 to maintain directional conviction.
In terms of levels, the Smashlevel is at 5550—the 10% correction level that capped Friday’s upside. Holding below this level targets Friday’s afternoon pullback low at 5512, with a final downside target at 5475 under sustained selling pressure—last week’s VPOC. On the flip side, reclaiming and holding above 5550 targets 5581, with a final upside target at the unfilled gap at 5610.75 under sustained buying pressure.
Levels of Interest
Going into tomorrow's session, I will closely observe the behavior around 5550.
Break and hold above 5550 would target 5581 / 5610
Holding below 5550 would target 5512 / 5475
Additionally, pay attention to the following VIX levels: 26.48 and 23.18. These levels can provide confirmation of strength or weakness.
Break and hold above 5610 with VIX below 23.18 would confirm strength.
Break and hold below 5475 with VIX above 26.48 would confirm weakness.
Overall, it's important to exercise caution when trading outside of the highlighted yellow levels. A non-cooperative VIX may suggest possible reversals i.e trade setups.
Thank you!
Thank you Smashie!