9:18 am Eastern  -  The SPY closed at 690.62 last Friday. When they opened for the after-hours session Sunday evening, price dropped a little and they've been hanging out in that general area throughout the premarket. Price has been more or less bouncing between 691.68 on the upside and 689.56 on the downside. These levels will probably still have some significance during the regular session today. If the bulls can get price above this range they've been constrained in overnight, there is a trendline up at 695.11 that slopes down to about 695.80 by the end of the regular session today. It's an area that should provide some overhead resistance. Getting above it opens the door for the bulls to try again former highs - which in turn, opens the door to 700.

If the bears come back out and try to pull price down from where they currently are, I don't have any levels under 689.56 until 681.44 That's not to say there aren't levels of support in between somewhere - just nothing I'm comfortable with including as tradeable levels for today. I'm keeping an eye on DJT, the transports. They are gearing up to hit 20,000. And they are extended pretty far right now. Don't know if what happens over there will affect SPY/ES, but if they make some big moves today, there could be some reverberations in other market sectors as well. The levels we have in the SPY are otherwise typical and designed for base hits if/when price comes into them the right way. Pay attention to price action on larger timeframes and look for opportunities in real time. Friday's move up busted through some important moving averages on some of the midterm and shorter timeframes. Today and this week, we're probably going to find out if price can hold above them. Trade well today.

Trading by the Ticks & Trades Strategy, here is where you would have landed for the day:

When the 15-minute widow opened, price was under 691.68. They went up to that level first, triggered your first trade - a short against the operating level of 691.63. That produced a Base Hit as price fell, as designed, and then price tried to get back down to the other level we talked about in the Game Plan this morning. The bottom of that premarket range where price had been constrained, at 689.56. But they found support before getting to the trigger point and began to rally. So no trade at 689.56.

Price went through 691.68 again on their way up, but no additional short trade against that level. The first hit is the best hit. When price came back down a few minutes later and tested 691.68 from the top, it was too early to jump in on the long side for a Recycle Trade. But they did bounce precisely and that's where the launching point was for the bulls to target the trendline, which was indicated by the zone in the light blue dashed lines up at 695.75 to 696.11. For what it's worth, I did take the long trade at 10:28 am on the Recycle retest of 691.68 and pulled 10 points as they climbed from there.

Price finally got to the lower part of the zone and hit it around 2:25 pm. There was an attempt at the zone earlier, a few minutes after 12:00 pm, but the levels were still valid to trade against per the rules later in the day. So going short at 695.80 at 2:25 pm was the plan, and that gave you Base Hit number two after about 30 minutes. The top of the zone wasn't hit. No more trades after that second Base Hit.

Per the rules, a total of 8 ES points for the day.