ES/SPX Plan 7/14/2025 - Tariff Gap Down, Are Sells Buyable Still?
Lets Talk Levels
Market Recap:
Friday closed right where the weekly balance zone formed value with the extreme end of 6320-6330 having rejected after value broke out and failed to continue to reward break out buyers. Over the weekend we had tariff headline risk and markets opened back below at the low end of balance. More on this at market close context.
Market Sentiment: - 75 Extreme Greed
Market Close Context:
Over the weekend we gapped down due to tariff headline risk, leaving prior weeks balance buyers and break out buyers trapped, and can serve as potential supply on any bounces. As we opened Sunday ETH at 6265 buyers stepping in putting in a test of 6280s which was where the majority of of failed break down bids came in. As we form value below 6280 buyers run the risk of revisiting the 6231-46 low end of prior balance.
On a higher time frame we are currently : Low end of P Weekly Low
News for tomorrow: No news
Overall Bias: Bearish below > 6280 Slight bear 6293 - Bullish 6231-35
Into tomorrow we have one main inflection points of interest : 6280
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