ES Blog | April 2nd, 2025

Hi everyone I hope you had a great trading day today. Had a sharp spike up on both markets during the overnight session. Both the ES and NQ has a large range that's been forming over the last several days. From the lows of the range price blasted through the upMM, showing the bulls are in control, which finally took price out of this multiday range. After a range gets a breakout, it's very common to see a 2 legged retest of the high for a long entry, but the bulls were so strong that there weren't enough sellers to give us a good breakout pullback.

Hi everybody I hope you've had a great trading day. Today was a very bearish day. Basically just looking for short on the way down. For both markets, price was forming a sharp break. Even though price was breaking a wide uptrend, we still have to stick with what price is doing in the moment. A large uptrend break from a multiday trend can last multiple days itself, so we have to use the selling pressure from the break to our advantage, until price starts clear making a new high attempt.

Starting off with the ES, price had this major down-measured move in play when today started. Price has been bearish over the last few days, as we can tell by the clear wider downtrend price is in. After price rushed through the redMM shown below, that's when we accept that the bears are in control, and we need to look to get short and start looking for a wider MM. That's when the larger blue MM comes into play.

^Price had been in this clear downtrend since yesterdays session. Price met the large downMM shortly after the market opened. Was also meeting a smaller MM while making a new low for the thinner downtrend break at the same time, making this a very likely reversal area. There'd be a chance of a F2ES entry setting up soon after fading, but due to how bearish price was overall, I'd want to see price break the upper downtrend line before going long.