ES Trade Idea: Key Levels and Strategies Amid Macro Uncertainty

ES1!

ES futures opened with a gap down on Sunday.

With numerous macro headlines, President Donald Trump’s comments on the Fed’s decision last week, and ongoing trade war tariffs, traders may struggle to distinguish what truly matters for the markets from the noise.

In our opinion, do not let macro headlines cloud your judgement. Have a trade plan and be ready to adjust with market conditions and volatility. One way to mitigate risk is by utilizing micro CME contracts, allowing for more precise risk management during volatile market conditions. Additionally, you can participate in the CME and TradingView paper trading competition, giving you the opportunity to test your skills in The Leap without risking real money.

Remember, it's NFP week, and several other key economic data releases are also on the calendar.

In our view, it is important to zoom out and reduce key levels on your charts to ones that are significant.



Key Levels:
Key levels represent areas of interest and zones of active market participation. The more significant a key level, the closer we monitor it for potential reactions and trade setups in alignment with our trading plan.

(mcVAH) micro composite value area high: 6,134.25
Key LIS/Yearly Open: 5,949.25
(mcVAL) micro composite value area low: 5,914.25
(CVAH) Composite Value Area High: 5,924

Scenario 1: Long above Key LIS

Our key LIS is still Yearly open as it was discussed in last week’s idea. We are looking for long trade setups at this level.

Scenario 2: Short below Key LIS

If the price moves lower and holds below a key level, we will look for short trade setups targeting our green support zones on the chart from mcVAL and CVAH confluence.