Trading Plan – ES & NQ

Big Picture

The market is showing two slightly different stories today:

• ES remains extremely strong on the daily chart, but is slowing into resistance near 6520.

• NQ, after looking tired two weeks ago, has found new life—printing fresh highs and carrying momentum.

This creates a split dynamic: ES is extended, NQ still has room.

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ES Outlook

Looking at ES:

• Price dipped briefly under 6500 this morning, but bounced immediately without touching the level.

• This shows buyers are still defending 6500 as a key pivot.

ES Key Levels

• 6520 → Resistance zone; slowing momentum

• 6500 → Major support pivot

• Above 6500 → Long setups favored

• Below 6500 → Short setups not valid until structure break

ES Plan

• ✅ Long bias: As long as ES holds above 6500

• ⚠️ Caution: Avoid aggressive breakout longs at 6520; market looks extended/exhausted

• ❌ No shorts unless ES loses 6500 with momentum

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NQ Outlook

NQ looks different:

• Two weeks ago it stalled—but now, it’s back at new highs.

• Current range: 23,800 → 23,850

• Breakout potential remains intact.

🔑 NQ Key Levels

• 23,850 → Breakout trigger

  • 🎯 Upside target: 23,900 if cleared

• 23,800–23,850 → Current range

  • Buy dips near 23,800

  • Sell tops near 23,850

• Below 23,800 → Weakness begins, short setups valid

NQ Plan

• ✅ Long bias:

  • Buy dips at 23,800

  • Look for breakout above 23,850 → target 23,900

• ❌ Short bias:

  • Only valid if NQ loses 23,800

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Takeaway

• ES: Still bullish above 6500, but stretched into resistance at 6520. Avoid chasing highs.

• NQ: Fresh highs in play, stronger structure than ES. Watch 23,850 breakout or buy dips at 23,800.

👉 The cleanest setups today will come from NQ continuation or ES dip holds above 6500.No need to force shorts until the structure truly breaks

Shawn