EOD Blog April 16, 2025

^Above is the ES 500 tick. The initial uptrend from the OV session got a large break. The first major leg down finished soon after the market open, where it shot up with 2 clear legs higher. (Marked 2 attempts at new high) That is not a good MM to short directly on as there is more reason to think bullish at that point htan bearish as the uptrend still has yet to play out, and price was unable to reach the OVL after forming the OVH.

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

In today's blog we're going to be going over the ES.

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.

Today my main focus was on the ES on the 500 tick. Below shows my full day zoomed out. Price started off in a sharp downtrend in the OVH, got a break, then pushed to a new low far below the OVL. Price made a major reversal pattern back into the OV session and ultimately formed a wider uptrend, which got a clear 2 legged break and has pushed up to a new high, playing it out.