Morning Plan 02/05/26

Are you buying the dip anon, or letting the dip buy you ?

Good Morning, Gents and Ladies,

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Algorithm Shenanigans

Same drill — this is not a trade signal. If you’re blindly trading off the algo without respecting levels, you’re basically begging for pain.

For today our algorithm suggests that we will see some upside 7 AM PST followed by a swift downturn into 8 AM PST. If we hold the pre market low here, i expect the markets to BTFD again into 10-11 AM PST followed by a sell into close. Remember there is still a ton of data with Amazon reporting after hours. Market participants will not stop dip buying since human race is a slut for hope, and hope is a dopmaine for 99% of traders. Our job is to trade levels in 15 handles ladder on ES or 65 handles ladder on NQ. That’s it. Dip buyers are not reqarded on a swing bases yet as we can see from the gif attached on title hihihihi.

As I have mentioned in the weekly update, our turn date is close to February 11th. So until atleast Februray 10th, stick to daytrades and market will reward your patience.

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Important Levels for the Day

ES: 7039, 7007, 6972, 6937, 6875, 6840, 6805, 6773
NQ: 25768, 25587, 25384, 25180, 24817, 24614, 24411, 24229

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ES Daytrade Plan

➡️ Key levels (shifted ~-2):
➡️ Support: 6841
➡️ Resistance: 6859–6860

➡️ If 6841 breaks (downside path):
➡️ Below 6841 → 6826 ±1 → then 6798 → then 6783

➡️ If 6860 breaks (upside path):
➡️ Above 6860 → 6883 → 6900 → then 6923

➡️ Bias / day-type read:
➡️ Early flush + upside reversal is on the table; 6826 ±1 (lower WER edge) is the “bounce-or-break” zone.
➡️ Clean break + acceptance below 6826 increases odds of a trend-ish sell day (still not my base case).

Potential trades:
➡️ Reversal long (preferred): Let price flush 6826 ±1, then enter long only after a 5m close back above 6826; stop ~6819; targets 6841 → 6859/60 → 6883.
➡️ Breakdown short: If 5m closes below 6826 and next candle fails to reclaim, short; stop ~6833; targets 6798 → 6783.
➡️ Breakout long: If 5m closes above 6860 and holds, long; stop ~6854; targets 6883 → 6900 → 6923.
➡️ Fade at resistance: Early pop into 6859–6860 that stalls (rejection wick / lower close) → short with tight stop ~6864; targets 6841 → 6826 ±1.

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And yes — just in case you forgot:
This isn’t financial advice. It’s Financial Improv.

Until next time,
Wicky