S&P500 E-mini Levels For 2/21/2025

$ES_F Analysis & Game Plan

Big Picture: Bias is Bullish, Market In Upward Channel From October 2023 Low, $VIX Below 20 (complacency)

• Today´s Pivot is 6133

Yesterday, I mentioned in my plan that the breakout of the Balance had failed and that as long as the Sellers continued to defend the top of the Balance, it would remain a failed breakout. This indeed played out, and along with the Bearish divergences I highlighted, the ES market sold off. Recognizing these signals, I entered a short trade once my setup was formed around the start of the trading session. The selloff was quite sharp, with most downside targets reached within the first hour.