9:32 am Eastern  - Price is currently under the bottom of the zone. And this is the last day of the week. The question is, will the bulls let price close the week under SPY 672? It is likely they will fight to keep price above the bottom of the zone, which is the 672 area, and at least get price back in the middle of the zone. Closing under it would send a message that things continue to look weak. And that might be what happens by today's close - I'm just suggesting that the bulls will probably try to fight some of these support levels today - and the big picture would look better for the bulls if they can get price back above 672.

The DJT is at a pivotal place right now. We need to be aware of what they're doing. They can start a good rally from where they're at and climb a lot - maybe not in one day - but time and price are aligning for the transports. It's showtime for the bulls. If they can get price to start rallying in the DJT, then that is likely to help the bull case for the SPY.

But on the flip side, if the bulls can't defend the 17,700 area in the DJT today, then price can fall from where they're at. And if that happens, it would not help the bull case in the SPY. Price in the SPY is weak until they can get back into and above the the big-picture zone.

The level at 671.18 that's on the board for today has already been hit in the premarket. It still represents resistance. And the space between it and 672.28 is an area that could continue to provide resistance to price during the regular session. If the bulls can fight though it, then anything can happen in the middle of the big-picture zone. We're not identifying a level within the big picture zone until 676.35, which is a gap that was left open at Wednesday's close. There could be resistance up there, if price gets there.

The level at 678.65 marks the high of the trendline that has continued to reject price for a couple weeks. It is where the bulls would need to break out of to climb higher. It is still overhead resistance.

Below current price is 666.06. That is yesterday's close and could present an area of support today, if price gets down there. Like with every level each day, it is important to understand what's going on in longer time frames, other than just the 1-minute chart I show here. Keep an eye on other indicators on longer timeframes to help inform the highest probability trade set ups at the levels. Some levels will be more important than others, and that can be better understood in real time as price interacts with the levels and other indicators.

If price starts closing below 662.50, that isn't good for the bulls. There is more support at 660.94 down to 659.72, and maybe a little lower, that could help put on the brakes if price is falling, but as you know, anything under the big zone between 675.00 to 672.00 is bear territory for now. There is a 10:00 am data release that has the potential to move price around. Be aware of your surroundings and trade well today.

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

Another straightforward day trading against our Daily Levels using the rules. First Base Hit was a short against 672.28 at 9:47 am. We pretty much nailed the high of day at that level. As you know the bottom of the big-picture zone is 672, and our level was just 28 cents above the bottom. And it worked great as resistance. The implications of what price did today will be discussed in the upcoming Weekly Recap video. Stay tuned for that. So, the short at 672.28 gave you the first 4 ES points.

Then, price pulled back into 671.18, and going long there at 9:50 am gave you the second Base Hit. You're up 8 ES points after about 25 minutes of trading.

The third Base Hit was a long against 666.06 at 10:56 am. Price dipped below that level, but rebounded about 10 minutes later, handing you the Base Hit without any rules being violated. That trade brought your ES points to 12 points. In case you're wondering about the level at 664.65 shown in the pink line, that's a level that I identified in real time and where I added to my long position with the long trade at 666.06. It helped me pull a few more points more easily with that averaged in position. But even with just using the 666.06 level and having an understanding of the process for managing the trade correctly, you would have pulled Base Hit no problem. The levels work.

Per the rules, a total of 12 ES points for the day. (And back up above 40% rate of return for the year)