ES April 7th, 2025 Blog

Price was in a clear downtrend in the previous day. In the overnight session price broke the downtrend, made a couple attempts at a new low, which failed making a much larger 2 legged break. Price made a few more new low attempts but ended up breaking the OVH and taking off.

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.

Above is the 1000 tick chart for the NQ. 3 days ago price was in that large uptrend. Price got a break, then 2 very clear and perfectly measured attempts at a new high. Price failed to make a new high, holding on the MM and continuing lower, making the wider downtrend more clear.

In today's overnight session, price made a sharp spike down, then for the rest of today, made 2 legs to a new low, where it just reached the downMM level a few minutes ago. Price is likely to reverse here, but due to the large multiday downtrend, I'm not buying right on the MM here, and will wait for confirmation, (although I'm done trading for today).

Here's the 2000 tick chart for the ES. Today I mainly traded the 500 tick ES chart, but also just got out of a 25 point short on the NQ 250 tick, I've got another short on the ES in the same area going still. Above we see the uptrend from 2 days ago, price broke it then made 2 legs up attempting a new high, the 2nd leg up ending around 9am CST today. Price made a quick fade of the OVH, made a couple legs back retesting the OVH then made a 2nd leg down.

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.