ES NQ Profiles and Positioning | 2.1.26
Futures are down in the overnight session. Loaded week with news prints and earnings. Should be a fun week
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I use Fibonacci Sequences as the core of my analysis. I do implement both mechanical and contextual levels (from auction theory) in my analysis. I typically use mechanical levels to identify potential areas of support/distribution.
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I color code just so they are easier to follow along and understand
Blue - potential discount zones (support levels)
Purple - zones I’m looking for price to defend, (line in the sand)
Red - premium zones (resistance / distribution zones)
Loaded week for news. Expect volatility. Never a bad idea to size down — better safe than sorry.
Lot of earnings this week — Here are the big ones I’m keeping an eye out for
PLTR 0.00%↑ AMD 0.00%↑ SMCI 0.00%↑ GOOGL 0.00%↑ QCOM 0.00%↑ AMZN 0.00%↑ MSTR 0.00%↑
Video Analysis
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ES
Really tough call — realistically no one really knows where the market is going
We ended up back inside of this multi day balance
No one is really winning here, sellers…. buyers….
Just a wait and see situation.
We sold off in the overnight session, so I’m curious to see where we end up by the opening bell.
Levels
Hold below 6950
Downside Targets
6886 | 6855 | 6815 | 6797 | 6783
Break and hold above 6974
Upside Targets
6980 | 7002 | 7017 | 7043 | 7080
NQ
Levels
Hold below 25872
Downside Targets
25402 | 25247 | 25186 | 25088 | 24971
Break and hold above 25872
Upside Targets
25979 | 26078 | 26379
Be careful and trade safe you guys !!