#ES_F Daily Plan | January 28

Sellers managed to initiate a balance breakdown after a true gap down during the overnight session, resulting in a nasty liquidation and emotional price action. The RTH session, however, was all about short-covering. Immediate attention now is on last week’s low of 6043, which buyers managed to reclaim by the close.

In terms of levels, the Smashlevel is at 6043, marking both the initial balance high and last week’s low. Holding above this level would target fills of the overnight single prints at 6072, with a final target at 6098 under sustained buying pressure.

Conversely, failure to hold above 6043 would target a retest of 6015, where notable orderflow activity was observed, with a final target at 6000 under sustained selling pressure, effectively filling today’s excess low.