ES NQ GC SI | Weekly Plan + Key Levels | 2.22.26 | NVDA Earnings + PPI
Last week ended with us stuck inside of this multi week balance. Will we be able to break balance or will we see another week on consolidation? Also -- Global Tariffs announced over the weekend ???!!!
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I use Fibonacci sequences as the core of my analysis, combining mechanical levels with contextual zones drawn from auction theory.
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blue = potential discount zones (support),
purple = “line in the sand” levels I expect price to defend
red = premium zones (resistance / distribution)
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News for the week
No red folder news Mon/Tues/Weds
Tues
We do have Trump on the mic, if you are not aware he did announce global tariffs of first 10%, now 15%. No clue what he will say but i’m sure we will have some risk off / hedging going into that.
I would keep an eye on the VIX or VX
Thu
Unemployment claims
**** Tokyo Core CPI
This will affect BOJ rates.
I do believe whether or not BOJ decides to pause or hike rates will have a potential to affect the markets
Friday
PPI
Earnings for the week
Lots of earnings this week
Big ones will be NVDA CRM
Looks like we got some quantum earnings this week, i’m curious to see how much money they have been lighting on fire w capex
Can potential expect some hedging going into those NVDA earnings tho.
NVDA 0.00%↑ CRWV 0.00%↑ HIMS 0.00%↑ TTD 0.00%↑ RKLB 0.00%↑ CRM 0.00%↑ AMC 0.00%↑ SNOW 0.00%↑ $DELL INOD 0.00%↑ $MARA OPK 0.00%↑ SOUN 0.00%↑ MELI 0.00%↑ ZS 0.00%↑ CIFR 0.00%↑ $QBTS AXON 0.00%↑ CAVA 0.00%↑ DUOL 0.00%↑ IONQ 0.00%↑ HUT 0.00%↑ $CODI BWXT 0.00%↑ TJX 0.00%↑ CE 0.00%↑ LH NVTS 0.00%↑ ZETA 0.00%↑ VS 0.00%↑ T $WGS WULF 0.00%↑ KTOS 0.00%↑ DAY HD 0.00%↑ $INTU KEYS 0.00%↑ $SNPS NTAP 0.00%↑ AXSM 0.00%↑ ARRY 0.00%↑ DPZ 0.00%↑ MP 0.00%↑ PRIM 0.00%↑ SMR 0.00%↑ TEM 0.00%↑ UUU 0.00%↑ U XYZ 0.00%↑ UIS 0.00%↑ EOSE 0.00%↑ PSTG 0.00%↑
Video Analysis can be found here.
ES / $SPX / SPY 0.00%↑
Brief Recap
We have been consolidating inside of this multi week balance
Right now you have to consider neither side is winning
» shorts are frustrated and so are longs
So until one side breaks, know where the extremes of the range are and be cautious for mean reversions as we rotate up into those levels.
With the new “global tariffs” announced over the weekend its hard to really pin down where the market wants to go— if they want to risk off or not
Lookin at the VIX / VX
Not exactly in chill mode you know what I mean— we are kind of hovering around this $20 level.
Key levels for this week.
What I’m watching for this week
For starters — I will want to see what the overnight positioning looks like
Whether net long / net short — and what /VX looks like going into RTH open
6884
Whether we hold above this — or break below
Break below
retest for downside support
6858 | 6840
Maintain above
test for overhead supply
6947 | 6957 | 7009 7017
LIS - 6840
Break and hold below
Downside targets
6819 | 6781 | 6748 | 6682
NQ $NDX QQQ 0.00%↑
Brief Recap
Price action was same as ES
What i’m watching for this week
NVDA 0.00%↑ earnings will have that potential to increase vol, we can anticipate some potential hedging going into that.
Basically the same as ES — We are starting to sell off at globex open, so we will see how the overnight action goes.
GC / GLD 0.00%↑ | SI / SLV 0.00%↑
Recap
We did spend last week consolidating in GC and SI, followed by what appears to be an exhaustion of inventory/supply at this level.
Looks like we are reacting to the news over the weekend for global tariffs and we are having a break of balance to the upside.
What i’m watching for this week
Overhead supply as we rotate up into these premium levels above. Potential continuation of this sequence to the upside if we are able to maintain above prior weeks consolidation range.
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