Closing update: Round trip day as #ES_F ping pongs between 3975 & 3920, setting up big move next week. 3975 was 1st upside target and max bulls could do. Same drill & 3920 must hold on this test or we breakdown. Newsletter out later talking setup next week tradecompanion.substack.com

Have a great weekend! For 4 weeks, #ES_F has built a base @ 3920-4050. 2 support hits, 2 res hits, 1 fake-out. Breakout week likely Next week: 3955, 3920 = supports. As long as 3920 holds, run back to 4050, dip, then breakout in play. 3920 fails, sell to 3855 starts. Map below

CPI, FOMC, Quad Witching this week & that means major trapping/randomness ahead. For me, sizing down 50% to compensate is key to stay objective to my process, flexible & green. 52 trading weeks a year & 100s of A+ setups; 0 need gamble with size on poor quality in post data noise

After defending 3955-60 support perfect overnight, slow start for #ES_F. Choppy/poor directional day would not be surprising with real fireworks starting tomorrow with CPI Basing now ~3980. 3995, 4015 remain in play as long as 3955-60 holds. 3955-60 failure begins sell to 3925

Good follow through in #ES_F and after defending 3955-60 support overnight, my 1st target today was 3995 and coming into it now. 4015 above. With CPI/FOMC tomorrow, bulls do not want to get too stretched today and ideally 4015 is max seen. 3955-60 remains must hold support

Todays 3995 target hit & now basing. Worth noting: The last 3 months, the largest days of each were the CPI days in #ES_F (last CPI saw 205 point rally, Octobers saw a 125 point drop then 170 point rally). Vol incoming - bulls want to stay above 3960 to keep 4015, 4050 in play

CPI delivering vertical candle like the last CPI. Today's 4080 target easily cleared & #ES_F has formally broken its downtrendline from January at 4080. Now, bulls must hold 4110, 4080 (key) now supports. As long as defended, uptrend continues to 4150, 4175. 4080 fails we sell

After todays 9 month breakout in #ES_F, it was time for back-tests as posted with 4110, 4080 supports. We sold to 4110 and bounced 30 points, now returning there for test #2 Bulls want to keep holding 4110 (4080 lowest) which keeps 4150, 4175 in play. 4080 fails, we sell.

Today 4080 was key support as posted & we've been here 2hrs #ES_F. Technical analysis 101: This is the core downtrend line from January. We broke out this morning, now backtesting As long as above it, 4110 (squeeze trigger), 4150 remains in play. Fail here, we see 4050 next down

130 point bi-directional moves in #ES_F to end right where we started and ultimately all noise until FOMC wraps up tomorrow. 4080 was key support today for bulls to defend and after trying for 2hrs, failed. 4020 next down. Bulls need to reclaim a resistance to squeeze (now 4050)

We started today at 4050 and after 135 point round trip, its pinned right back here. #ES_F taking a breather before more extreme volatility with FOMC & now hovering just above the 200dma at 4036 ES trying to reclaim 4050 which puts 4075-80 back in play. Supports now 4036, 4020

Closing update #ES_F: Basing around the 4050 level to setup another day of extreme volatility tomorrow. As long as above 4050 now, push back to 4080, 4110 in play. 4035, 4020 overnight supports. Newsletter out soon talking the setup into FOMC tomorrow tradecompanion.substack.com