The week starts clean. The levels go on fresh from the weekly down to the daily, support and resistance both, and they are locked in before the one hour ever gets a look.
This is trading education, not a signal or a promise.
Levels drawn before the open
Every level below was drawn on the chart before 9:30 ET and checked against the price axis. They are graded after the close by fixed rules, whichever way they go.
| Level | Role at the open | Result | What price did |
|---|---|---|---|
| 30,913.80 | drawn | after the close | |
| 30,776.07 | drawn | after the close | |
| 30,664.12 | drawn | after the close | |
| 30,505.52 | drawn | after the close | |
| 30,422.84 | drawn | after the close | |
| 30,318.94 | drawn | after the close | |
| 30,177.36 | drawn | after the close | |
| 29,581.20 | drawn | after the close |
The plan
Overnight, price flushed to the downside and it is still in a downtrend, so the trend line is on the chart. Price bounced around 5 a.m. near the 30,580 area and reversed there, and that area has been acting as both support and resistance.
Above, the first thing to watch is a run up to 30,664, which sits just under the VWAP, the yellow line. Either one is more likely to push price back down than let it through.
So at the open it is one of two things: a rejection up there, or price coming back down to the trend line and bouncing for a run up. There is also a double bottom on the six minute.
A level is a reference drawn in advance, not a forecast.
In the video
- 0:00Monday: NQ down about 240, around 30,642
- 0:12A fresh week: levels from the weekly chart
- 0:49No news today, straight price action
- 1:00Down to the daily for new levels
- 2:22Support and resistance, locked in
- 2:29The one hour and the overnight session
- 2:57The flush, and a downtrend
- 3:05The trend line
- 3:15The 5 a.m. bounce near 30,580
- 3:40A run to 30,664, just under the VWAP
- 3:48What to watch at the open
- 4:02A double bottom on the six minute
- 4:06Questions, ciycapital.com and the candlestick challenge
The prep is free every trading morning before the open. Get it here.
Trading education only. Not financial advice, not a signal, and no promise of any result. Full disclaimer.

