Premarket Levels ES -7/18/25
S&P Insights
Good Morning,
Bullish expansion and continuation day yesterday coming off the bullish hammer candle that swept the weekly lows on Wednesday. Price has pushed to new all time highs and is currently hovering just above those ATH’s going sideways in the overnight pricing.
No high impact news today.
VIX at mid 16’s while the ATR on a 10m is at 2.51 at the time of this writing. Risk and speed of the market are much lower than the April spike we saw, and nearing back to pre-tariff levels.
Bullish break level tripped and triggered tagging all 3 upside targets yesterday for 32 points of fertile ground to look for entries.
Lets look at this morning’s setup & plan:
Bias/Trend/Levels:
🟢Primary Trend : 1400 point move from April lows
🟢Secondary Trend : bullish from May 23 swing low
🟡Intra-Day Trend (3-5 days): Ranging