E-Mini S&P 500 Futures Pre-Market Breakdown for Thursday March 25, 2021

Today’s E-Mini S&P 500 futures (CME: ES, MES) pre-market analysis.

Charts

Zones

Zones file

Trade ideas I am looking for today (not investment advice)

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  • Short first test of initial key support from below at the back of the zone near yday's low area if buying is not obviously weak into the zone. Otherwise will rely on order-flow ahead of that area if buying is weak. I want to see this area swiftly pushed away from as there is potential for a failed breakdown.
  • Long good support after an initial surge through. I am expecting a lot of of selling pressure from the breakdown into this zone.
  • Long on flip of initial key support for failed breakdown attempt. Do not want to see strong selling on the pull-back as this area could chop as both sides aggressive, expecting push lower and push higher. This could lead to range extension and not breakdown.
  • If market is balancing below initial key support, later in the day I will consider short at initial key support again for the day's VPOC and possibly re-test of the low.