9:24 am Eastern  - There is still a fight going on in the big-picture zone between 675 and 672. Price has been hanging out near the bottom of the zone and the bulls still need to defend this whole area to keep price from falling more. It's possible the bulls can pull out of this and maybe even start a rally, but as we've been saying in these Game Plans - and in the Weekly Recaps on YouTube, there are some bearish signals showing up on more and more charts. Not just the SPY.

We have a lot of levels on the board for today. Let's focus on the ones indicated in the light blue color. The top one is 676.35 and that is near yesterday's close. It would be a good place for the bulls to start closing above to be in a better position to climb out of this current pullback. The big picture needs to have price above the big zone (675 to 672) and then above the trendline (which is slightly above 680 for today) before we can say the bulls have the ball. Right now, it's likely going to be a battle in the zone area. So there could be some whipping around today if volatility picks up.

The other light blue levels are down at 666.07 and 664.62. Those could be support if price gets down there, but I'd want more confirmation before trading against them. By default, they are kind of back up levels - otherwise I'm ok to leave all the space open until 659.72. If momentum picks up (in either direction) and we see price moving decisively, it's possible for levels to be spiked by a large margin, or not work at all. It is important to be aware of what price action looks like on longer timeframe charts. Again, it's good to remember that while price is under most of the important moving averages on the shorter timeframes, the big uber picture charts (weekly and monthly) are technically bullish. So as we've been saying, price can come down a lot, and still keep the long term, big picture bullish sentiment of the market intact. This is why things can get choppy at times like this. Price can go either direction - and move a lot once momentum is established. So it's good to be aware of this, and trade accordingly. Adjust position size, and give the levels more wiggle room. And try to choose only the highest-probability levels to trade against based on what you see on the longer time frame charts.

There are no data releases of significance scheduled for today. Trade well! 

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

It was an easy day to make money if you had the levels and played by the rules. Only one level was hit that met the requirements to trade against. The first Base Hit was at 9:47 am on the long side. The second Base Hit was also at that same level, but on the short side at 10:47 am. Not much more to say. If you had the levels, knew what was going on in the big picture, and had an understanding of the rules we use to manage trades, you would have made money today. Just like +78% of all the other trading days using the Ticks & Trades strategy. Happy trading. Let's do it again tomorrow. 

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