#ES_F Daily Plan | January 23

Today's session marked the third true gap up since the swing low established last week, effectively cleaning up the remaining poor structure from the FOMC on December 18th—the main upside target.

To keep things simple for tomorrow, I will monitor today’s value area. The ATH at 6163.75 (non-back-adjusted) serves as the upside magnet, while today’s gap is the downside magnet. Only a gap-fill and acceptance back within Tuesday’s range would introduce the potential for change.

In terms of levels, the Smashlevel is at 6122. Holding below would target 6100, with a final target at the unfilled gap at 6087.25 under sustained selling pressure.

Conversely, failure to hold below 6122 would target a value traverse toward 6133, with a final target at 6163.75 under sustained buying pressure.
#ES_F