Daily Pre-Market Prep & Trading Plan for Emini S&P

Emini S&P 500 Futures Daily Pre-Market Prep and Trading Levels

Every trader has their own idea of how to trade the Emini S&P. Put simply if you fail to plan your trade in your chosen market then you plan to fail! Every day Jigsaw will provide a Pre-Market Analysis, which is based on Market and Volume Profile whilst addressing important levels of support and resistance. I will show you areas of interest and areas where I will be looking to participate in a potential trade. It’s important to understand that just because a price level appears on our radar that we don’t blindly enter a trade. To enter a trade I will look for confirmation using the Jigsaw Tools and this is a tool I use religiously for entering and exiting the market based on price action. Click on chart image to enlarge, then back space on the browser to return to post…..

Emini S&P Daily Pre-Market prep

image of emini s&p futures daily chart

Back in the range,not a terrible day yesterday because we probed outside the range, failed to extend and fell back in and got a 13 point drop. As per yesterdays plan, we were interested in shorts anywhere from 41 to 51. A big range but we have to play the had we are dealt. As it was the rollover was fairly obvious by the time we got down to 46.25 off the 47.50 high. Not selling the top but also not taking a lot of heat...

image of emini s&p futures volume profile

The bottom of the overall range is 2416 but we seem to be honoring the lower distribution from last week which is more like 29. So while longs at 29 are ok - I think we have to be aware that this could break and we'd still be holding the longer term range.

image of emini s&p volume profile chart

After the drop yesterday, we ranged 35.25-> 41.50 (ish). We want to see that hold and for us to push down for good downside trades and a possible break of 29.
The problem we have is that we aren't that far off 29, so from a range completion standpoint we are possibly done to the downside in relation to that large distribution last wee. The top of the longer term range isn't that far off either. So today, we aren't looking at great trade location at all. So a trade off the open might be the best deal. If we can break last weeks low we have a clearer picture of a range completed to the upside and traversing to it's low.
Small, overlapping ranges - pain in the rear...

Emini S&P Plan - Looking for an early trade - Shorts below 35.25 - caution on short into 29 - Will go short below 29 too with a view to getting to 16-18 - Not sure about the long side at the moment - but as per yesterday I don't want to be long into the highs

Emini S&P Weekly Numbers
Range - 2428 -> 2451.50
Value - 2430 -> 2439
S1 - 2425, R1 – 2448.50

Emini S&P Daily Numbers
Range - 2430 / 2434 -> 2447.50
Value - 2435.50 -> 2441.50
Globex 2432.25 -> 2437.25
Settlement – 2434
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

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image of emini s&p futures trading chart

Still in the range - so still on range fades until it breaks. Volume was low on Friday - reflecting a lack of interest and indicator more time in the range.

image of emini s&p futures volume profile

Last weeks major distribution was 2429.50 -> 2439 but the top image here shows the bottom of the range closer to 2416.

image of emini s&P volume profile

We are at the top of the range now - the last extension up went to 2451.50 which turned out to be a heafake. If we go there and roll over again, we'll consider that as the new range high.

Plan
- Another low expectation day
- Look for an early trade
- We are at the range high in terms of recent action - look for a roll back down to 29/16 anywhere from here
- Not interested in longs unless we get over 2150 as the chance of any extension of the range up being a headfake is high. Exception would be if a retrace down to Fridays high/value high held (2438) and we lifted from there.
- Interested in shorts anywhere between here and 2150.
- Prepared not to make any trades today

Weekly Numbers
Range - 2428 -> 2451.50
Value - 2430 -> 2439
S1 - 2425 R1 - 2448.50

Daily Numbers
Range - 2428.25 -> 2438.75
Value - 2432.50 -> 2438
Globex 2430.25 -> 2441.25
Settlement – 2440.75
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

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image of emini s&p trading chart

Expectations were low yesterday and we weren't disappointed. A slow first 90 mins then a break up and another range before a breakdown in the afternoon. We had a "no trade between 28-38" rule and the range was 30-39.

image of emini s&p futures volume profile

The lower distribution is now 29.50-> 39.25. I'm still not interested in the middle of that.

image of emini s&p volume profile lower distribution

Pretty much the same picture here.

Emini S&P Plan - Low expectation day - Look for a trade off the open as it is likely to die after that - Range trades at 29.50, 39.25 - Looking for a break of this range for a stop run and possible longer term trade - but not really expecting that to happen on a Friday - If nothing happens by 11am - going to call it quits!

Emini S&P Weekly Numbers
Range - 2428 -> 2451.50
Value - 2429.50 -> 2439.50
S1 - 2417.50, R1 - 2443.25

Emini S&P Daily Numbers
Range - 2428 / 2430 -> 2439
Value - 2433.25 -> 2438.75
Globex 2431 -> 2435
Today only – 29.50, 39.25
Settlement – 2434.25
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

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image of emini s&p futures trading chart 22 june

Now back into the range from the past few weeks. So expecting a lazy trip to test the bottom of the range - 2416. Not necessarily in one day though.

image of emini s&p futures volume profile

Not much to see here - we do have 3 distinct distributions last week and where we have gone overnight is just to the top of the bottom distribution. That gives us a weak case for moving upside from here..

image of emini s&p volume profile for rading session 22 june

Yesterday day session was flat, all the move down was in the prior overnight session. We are still in that range. So I'm wary of us getting stuck between 28-38 today.

Emini S&P Plan - Bias still short overall, low expectations today - Early trade is on - No trades between 28-38 - For shorts - will be looking to fade 38 or wait for a break below 27 - No real plan for longs as we are still in the middle of the overall range

Emini S&P Weekly Numbers
Range - 2428 -> 2451.50
Value - 2429.50 -> 2442
S1 - 2417.50, R1 - 2443.25

Emini S&P Daily Numbers
Range - 2434 -> 2446.5 / 2451
Value - 2437.75 -> 2443.25
Globex 2429.25 -> 2438
Today only – 28/38
Settlement – 2433.50
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

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image of emini s&p futures trading chart

Now we are back into the range so expecting us to move to 16.25 where we'll likely move up and continue in this range. Not 100% certainty of course, it's just my hypothesis going in.

image of emini s&P futures volume profile

Not too much to read into the profiles, we are well and truly in the old range, hence me thinking it's an extension. .

image of emini s&p futures volume profile 21 june

Looking closer, I'll be watching yesterdays range/value range - you can see the value low has held overnight, so I'm also going to look at 42.75 - the late pullback yesterday as potential resistance.

Emini S&P Plan - Short bias but not married to it - Early trade is on - Market gapped down, if we open down, we may see an initial rebalance up off the open - be wary of any moves up as they may not last - Saying that we dropped 20 points yesterday, so a snap back is possible - so longs on high volume - Watching value low/42.75 on any moves up - but will join any move down, even on average volume

Emini S&P Weekly Numbers
Range - 2429.25 -> 2451.50
Value - 2436.50 -> 2450
S1 - 2417.50, R1 - 2443.25

Emini S&P Daily Numbers
Range - 2434 -> 2446.5 / 2451
Value - 2437.75 -> 2443.25
Globex 2429.25 -> 2438
Today only - 42.75
Settlement – 2437.50
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

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image of emini s&P futures candlestock chart 20th june
New all time highs yesterday. Volume was 1.3 million - pretty average. As you can see - we pushed up but it's not much of a move away from the overall range... so let's zoom in....
image of emini s&p daily bar chart
I'd normally be looking for a pullback to test the top of the old range - which we can define as somewhere between 37.50 and 43.25. Still - it's not much of a pullback, so I may be trying to force my method onto the market here.
Bottom line is we need to figure out today if this is just range extension and we will drop back into dead trading or if we are marching up to newer highs. We do expect moves and then consolidation in an overall move up but we also expect a decent gap between consolidation areas. When the gaps are no longer significant, we have to consider we may be due a longer term retracement. It's too early to tell now - but bear it in mind as we progress.
image of emini s&p volume profile 19 june
From a profile perspective we have the upper distribution from last week topping out around 2438. In line with the 37.50-43.24 area above.
image of emini s&p volume profile chart
After moving up yesterday, we consolidated 44.75 -> 50.75. That area is holding overnight. It may be there won't be a downside test as this zone has held.

Emini S&P Plan - Early trade is on - Look to play any move up from here based on the 44.75-50.75 consolidation zone holding - On moves down, look for a hold at 37.50->43.25 to play long - No trades between 43.25 - > 50.75 with the exception of an open trade - Below 37.50, consider a move back into the range and a move back to 2418 (not all in one day though)

Emini S&P Weekly Numbers
Range - 2416.75 -> 2443.25
Value - 2419.50 -> 2434.25
S1 - 2417.50, R1 - 2443.25

Emini S&P Daily Numbers
Range - 2432.75 / 2438.50 -> 2451.50
Value - 2445.25 -> 2449.75
Globex 2447.50 -> 2451
Today only - 37.50-> 43.25, 44.75-50.75
Settlement – 2447.50
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

Give us 14 days of your time and we will prove it to you with Free courses and support.
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image of emini s&p futures trading chart 19 june


Starting the week in the middle of the past few weeks range. It's early here, so the overnight session hasn't developed much.

image of emini s&p futures volume profile chart

Looking at this - the upper distribution tapers off around 2438 and lower around 2419. So fade trades possible around those areas.
The range spans 2 weeks, it'll break at some point - but this year we have sat in ranges for an extended periods, so presumption is rangebound. This range is big enough that we can wait for the hold before jumping in.

image of emini s&p volume profile 19 june

From a daily perspective, we have gapped up and are now 5 points above settlement. We are climbing away from yesterdays range, and just a couple of points from 2438.

Emini S&P Plan - Low expectation day - Look for an early trade off the open - Expect rangebound behavior and fades around 2438 and 2419 - Saying that, we have gapped up, so we can't discount a break of the range the the upside - If we do continue upwards away from Fridays day session high, take a 'go with' trade above 2438 - Look for any sign of a hold on a pullback down to Fridays high/value high

Emini S&P Weekly Numbers
Range - 2416.75 -> 2443.25
Value - 2419.50 -> 2434.25
S1 - 2417.50, R1 - 2443.25
Emini S&P Daily Numbers
Range - 2420.25 -> 2432.50 / 2436.75
Value - 2423.25 -> 2429.25
Globex 2432.75 -> 2436.50
Settlement – 2431
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

Give us 14 days of your time and we will prove it to you with Free courses and support.
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image of emini s&p trading chart

Volume was more respectable yesterday, Market was sideways with a decent opportunity off the open and into the close. Tough in the middle though.

image of emini s&p volume profile chart

We have expanded the volume profile and it's evenly distributed - which is indicative or rangebound trade.

image of emini s&p futures volume profile chart

A poor day yesterday but not bad technically. We traded down to the overnight low and we had absorption at the lows, then we moved up to the prior days value area, then we moved down from there. So observing typical day speculator zones. So a couple of our scenarios played out

Emini S&P Plan - Very Low expectation day - Looking for longs at or below 2429 and shorts at or above 2437.50 - will not trade in the middle - will try for an early trade off the open - also watching overnight hi/lo & yesterdays hi/low value area

Emini S&P Weekly Numbers
Range - 2426.25 -> 2439.25
Value - 2429.50 -> 2435.50

Emini S&P Daily Numbers
Range - 2426.25 / 2427 -> 2435.75
Value - 2429.75 -> 2433.25
Globex 2428.25 -> 2433.25
Settlement – 2430.75
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

Give us 14 days of your time and we will prove it to you with Free courses and support.
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image of Emini S&P futures trading chart


Well it is summer but ouch - what a drop in volume yesterday. I'm still looking for a drop to 2417 to hold but we really need to see some decent volume come in to take this onwards.

image of emini S&p volume profile

Not much to read into this other than there's little traded between here and 2417. Any push down could see us drop to 17 pretty quickly (and a break upside could also see us pop)

image of emini s&p futures volume profile

5.5 points. I think it's time to look for your summertime instrument if you can't trade the chop. We have pushed down overnight, so look for an initial reaction upwards off the open if we are still below yesterdays low at 9:30am EST.

Emini S&P Plan - Low expectation in terms of volume, so.... - If we open below yesterdays range - look to short a move back to the low/value low - Look for a pick up in pace on a moves down and scale in if it does (target 2417) - For upside, unless we have a decent push down first, I'm looking for the high to break before going long - If we do get good volume coming in - the game changes to following it but still not interested in engaging within yesterdays range

Emini S&P Weekly Numbers
Range - 2402.75 -> 2439.75
Value - 2403.75 -> 2420.75

Emini S&P Daily Numbers
Range - 2433/2433.50 -> 2439
Value - 2436 -> 2438.50
Globex 2429.50 -> 2435.50
Settlement – 2434.50
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

Give us 14 days of your time and we will prove it to you with Free courses and support.
Just click HERE and head on over to the RISK FREE TRIAL!
Sorry I was out last week - daughter got appendicitis and ended up in hospital...

mage of Emini S&P futures trading chart

Market is marching up - so bias is long but a pullback would be nice. Volume is high and so any breaks upside are worth following. I do expect it to revert to range and that could happen any time, so eyes on any drops in volume.

image of Emini S&P volume profile

As we can see, the prior 2 weeks had major distribution topping out at 2417 and we've mad it to 2440 since then. Not a huge break and at this point it could just well be an extension of the old range, so I'd really like to see us make more headway towards 2500 this week. Then we can say the old range is probably broken and hopefully we'll have better behavior (more volatility) wherever we end up. My guess is - we'll get where we are going and revert to tight churny days again.

image of Emini S&P volume profile

Not much happened overnight but we have held Fridays value low.

Emini S&P Plan
- Long Bias
- Looking for an early trade - not because there won't be much on later but because we have decent volatility and the opportunity may be there.
- Will watch Fridays range/value extremes - primarily looking for longs
- if we move down, watching for 2417 for a hold
- will trade both sides but just much more confident in scaling into a long. So shorts will be smaller trades unless we see huge volume on downside moves

Emini S&P Weekly Numbers
Range - 2402.75 -> 2439.75
Value - 2403.75 -> 2420.75


Emini S&P Daily Numbers
Range - 2327 -> 2439.75
Value - 2432.50 -> 2439
Globex 2433 -> 2437
Settlement – 2437.75
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

Give us 14 days of your time and we will prove it to you with Free courses and support.
Just click HERE and head on over to the RISK FREE TRIAL!

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After suffering a 30% drawdown at the hands of “independent financial advisors”, Peter started trading in the early 2000’s, figuring there was no point in paying people to lose money for him. By 2005, Peter was day trading NASDAQ stocks and later discovered the value order flow. He struggled with the way order flow data was presented so designed tools that organized Order Flow information more rationally and Trading was born. Those tools are now the #1 ranked software on Investimonials.com.
Today Peter spends his time trading and helping other traders through the Jigsaw community, articles and free one on one sessions.

Jigsaw Trading

After suffering a 30% drawdown at the hands of “independent financial advisors”, Peter started trading in the early 2000’s, figuring there was no point in paying people to lose money for him. By 2005, Peter was day trading NASDAQ stocks and later discovered the value order flow. He struggled with the way order flow data was presented so designed tools that organized Order Flow information more rationally and Trading was born. Those tools are now the #1 ranked software on Investimonials.com. Today Peter spends his time trading and helping other traders through the Jigsaw community, articles and free one on one sessions.

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