ESH2025 Weekly and Daily Assumptions
02/17/2025
ESH2025 (SP500 futures March Expiry, Weekly time series):
Up 1.39 Percent or 336 Ticks
Bullish congestion trying to trend higher.
The weekly time series remains range-bound with a market bottom. With the dust settling and the market offering good places to buy the dip, the market should break up and out of this range. For now modeling indicates that the market wants to break up and out of the range and attempt to trade significantly higher into the 6250s and even attempt 6300 on these future contracts.
Please note that free subscribers will get a delayed release of this forecast (non actionable one week after publication).
The levels for the week are:
R5: 6289.25; Tail move II.
R4: 6251.25; Tail move I.
R3: 6216.75; Max weekly upside probably, tails sitting higher.
R2: 6184.25; Market would need to aggressively trade above this price to avoid reversing.
R1: 6145.50; Market is resting under here at the time of writing but we did seem to trade higher.
S1: 6129.75-6127.00; Buy area I.
S2: 6115.75; Buy area II. Unlikely.
S3: 6105.50; Buy area III. Also unlikely.
S4: 6080.75; Max downside move. Very unlikely.
S5: 6050.75; Tail move I.
ESH2025 (SP500 Futures March Expiry, Daily time series):
Up 0.03 percent or 7 Ticks.
Bullish Trend
This time series in a range and can break up and out. Futures remain unchanged mostly Monday as the market was closed. Economic data releases should continue pushing the market higher and out of this range.
Resistance levels for the day:
R5: 6203.25; Tail upside move.
R4: 6179.25; Max upside.
R3: 6165.75; Starting to get into max upside, market should close around this price.
R2: 6157.50; Can break.
R1: 6141.50; Market is trading here at the time of writing, also around a weekly level. We did break this Sunday / Monday so it will likely trade higher.
S1: 6130.00-28.75; Strong buy area. Held Sunday and Monday.
S2: 6123.25; Buy area II, max daily downside.
S3: 6116.75; Unlikely.
S4: 6105.50; Tail move I.
S5: 6099.75; Tail move II.
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