S&P 500 Daily Trade Plan: Balancing Before the Next Move

With ES holding its 4H leg, here’s how to trade the 6746–6752 resistance band, the 6685 daily pivot, and the killer 6664.50 long zone.

SCHEDULED NEWS

Good morning, everyone. Today is Wednesday, September 24th.

Yesterday’s plan played out beautifully. We saw ES grind down in slow motion for 50 points, sweeping Monday’s RTH low into our 6704.25 4H and 6702.00 Put Wall. From there, buyers stepped in and carried us directly back to our 6718.00–6719.75 4H target, which hit cleanly into the close. Congratulations to everyone who capitalized on that setup.

As we step into today, news is light. The only scheduled release is New Home Sales at 10:00 a.m. ET, which may spark a quick pop but isn’t expected to be a major driver. That means our focus is firmly on structure and levels.