S&P 500 Daily Trade Plan: Holding the Lows Again & The 7414 Make-or-Break Floor
A detailed ES & VIX plan for June 24th, breaking down the 7414 make-or-break floor, the 7458.50 bull/bear above-below, and the 7527 massive upside daily.
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Morning everyone. Today is Wednesday, June 24th, and yesterday was trade plan perfection. We called the 7414 make-it-or-break-it low right in the trade plan title, and it played for well over 78 points, taking us straight up to our next daily at 7492.50 — which was the high of the day. That level then smacked for another 70 points. We essentially gave you the high AND the low of the day directly from the title. It was an incredible display for our subscribers and inside the inner-circle Discord room — we had people passing prop firms, people getting payouts. Just an absolutely incredible day. And it once again proves what I say over and over: patience pays. Sticking to the plan and being patient truly is the only path to success.
We also nailed SPX. We held the 7353 Daily and the 7350 4-Hour exactly as described in the plan, the post-market breakdowns, and the weekend review, and we even called the highs up into 7408 and 7420 — both playing perfectly to keep the lid on price.
As we come off another monster day, we once again find ourselves holding the lows in the overnight session — which puts us right back into a make-it-or-break-it situation. Overnight we’ve drifted back and forth in a fairly tight 44.5-point range, but we are still completely inside yesterday’s range and sitting almost directly on yesterday’s point of control. In other words, we are pinned right at yesterday’s value, holding above our floor, and accumulating after yesterday’s big pop and big smack.
A Note on Today’s Market:
News: No Red Tag news to speak of — in fact, there is no scheduled news at all today. That opens the door to a fairly muted session, but given exactly where we sit right now, I’d still expect some movement. We’ll let the price action decide that for us.
Volume: Relative Volume is negative 11%. Participants are here, but not in any real abundance. Because of that, I’d reduce our expected range today by roughly 10%.
Range: Expected range of 102.5 points. We’ve already moved 44.5 points in the overnight session, which leaves us approximately 58 points above or below the overnight high or low to work with today. Plenty of room — just temper it slightly for the lighter volume.
Gamma: We are still firmly in Negative Gamma territory, with the gamma flip level sitting well above 7600, meaning dealers are positioning to the downside. That does NOT mean we can’t squeeze. Remember: in a negative gamma regime, volatility increases and ranges expand in BOTH directions — exactly like we saw yesterday.
Trend: Negative Gamma keeps a structural downside lean intact and dealers continue to hedge lower. That said, we are accumulating at yesterday’s value and holding a critical floor at 7414. As long as 7414 holds, the bulls keep a path higher, and staying above 7458.50 keeps that upside alive. Lose 7414 and the structure breaks hard. Keep both directions in mind.
🧠 Current Market Context
The Accumulation at Yesterday’s Value & The Make-or-Break Floor
We are once again holding the overnight lows, and the bigger picture here is simple: we are accumulating right at yesterday’s point of control after a massive pop and a massive smack, and neither buyers nor sellers could push this area overnight. We have sat and balanced here all night for a reason. Coming into the day, we are still holding above our 7414 Daily — and I cannot stress enough how important that level is. Underneath 7414 I have nothing untested for almost 400 points. That alone should put into perspective just how critical it is for this area to hold. As long as we hold down here, we have every chance to propel back up; if we lose it, this gets catastrophic for the bulls in a hurry.
