Premarket Levels ES - 11/18/25
S&P Insights
Good Morning,
Yesterday’s bearish outside day engulfing Friday’s “dead cat bounce” has pushed prices lower and has broken the broader weekly uptrend channel, has pushed prices below the prior week low and has broken and closed below the passive trend stream on the daily chart along with the bullish daily gap 6757-6718. The overnight pricing has continued on pushing prices lower already taking out prior day low.
In other words the bears are in control at this moment, will that continue on through the day?
Lets dig into today’s plan to assess some key levels and direction for the day.
VIX driving higher now at 23.66, while the ATR on a 10m is at 9.72 at the time of this writing. Risk and speed of the market are pushing higher over yesterday and last week. No red folder high impact news scheduled for today.
September finished eerily similar to August through 21 trading days with 15 bullish/bearish triggers tripped. 14 of those 15 days tagged T1, 8 of those days tagged T2 and 4 of those days hit all three targets producing 389 green lit S&P points to look for entries. How many did you carve out?
Lets look at this morning’s setup & plan:
Bias/Trend/Levels:
🟢Primary Trend : 2000+ point move from April lows 6 green months in a row
🟢Secondary Trend : bullish from May 23 swing low
🔴Intra-Day Trend (3-5 days): 3 1/2 day hard downtrend.
