S&P 500 Daily Trade Plan: Bullish Progression & The 6857.25 Support Flip
A detailed ES & VIX plan for April 10th, breaking down the 6857.25 monthly support flip, the 6832.50 prime buying zone, and the VIX 20.78 suppression barometer.
SCHEDULED NEWS
OPTIONS VOLITILITY LEVELS
Morning everyone. Today is Friday, April 10th, and we come off another incredible day in the trade plans as we essentially held the March 15th Previous Weekly VAL and our Daily at 6799.75 and pushed way above our momentum shift pivot at 6832.50. This led to a massive push throughout the day, taking us all the way above our significant Monthly and Weekly levels at 6857.25 and 6859.00 — essentially pushing us above our bearish boundary. Price now sits above our significant Weekly/Monthly area as it continues to accept value up here after our massive taco trade push. Congratulations to all those who took advantage of the trade plans and were able to execute properly — lots of money was made for subscribers, and we look forward to another amazing day today.
As we come into the day this morning, we are currently accepting value in the higher range. We balanced yesterday, had another move up, and are balancing again — so far this morning we sit in a tight, coiled range where the ES looks like it is prepared for its next move. We have now gained on the Daily, Weekly, and four-hour timeframes. This was a massive shift from last week as yesterday’s close cemented our upside move, and we continue to look higher.
A Note on Today’s Market:
News: Massive Red Tag morning. We have Core CPI pre-market at 8:30 AM and Preliminary Consumer Sentiment after the open at 10:00 AM. These could create significant intraday shakes — be very careful with positioning around these releases.
Volume: Relative Volume is extremely low today at -50%. This is an uncanny amount of negative relative volume. As we come into Friday, this could lead to a very stale and grindy day. There are 50% less players in the game today, which means 50% less potential range and 50% less opportunities.
Range: Expected range of 105 points. We have been in a very tight overnight range of just 20 points, leaving approximately 85 points above or below the overnight high or low. However, with -50% relative volume, that effective range reduces to approximately 42.5 points above or below the overnight high or low.
Gamma: We have now pushed firmly above the 100-day moving average and remain above the 50-day. Price continues to accept value above our major Monthly/Weekly pivots. Dealers are adjusting to the shift as we accept above the old bearish boundary.
Trend: Bullish. We have now gained on the Daily and four-hour timeframes, and yesterday’s close cemented that. We continue to look higher. A short is not really in the cards unless you are looking at levels well above our current range. We are looking for areas to buy as we progress higher.
🧠 Current Market Context
The Bullish Progression & Timeframe Shift
We have now gained on the Daily and four-hour timeframes — this is a huge accomplishment and was led by President Trump’s two-week extension for the Iran conflict. Yesterday’s close cemented our position firmly above the Daily, and this has shifted momentum greatly. The four-hour timeframe has continued to move higher in two consecutive sessions, leaving massive levels of untested support for us to play. The fact that we have not gained on the Weekly is not a concern — we are starting to make progression higher, and price continues to step up.
