Tuesday 3 February 2026 · /ES · 15 Min

2/3 Trade Plan

Bias · Bullish pullbacks → Reactive on failures Momentum intact → Buy structure, not highs

Key levels

7,043Resistance · Recent highs / upside stretch

7,029Resistance

6,991–6,994Support · December monthly highs / first pullback zone

6,969Support · Secondary demand / rotation level

6,918–6,900Support · Deeper support if momentum cracks

6,860Support · / 6,850 — 50DMA area (trend damage below)

20DMA — Momentum test (key)Support

Context

The open above Thur/Fri lows was the key tell yesterday — that discrepancy mattered, and price respected it. Upside strength was early and fast, which usually means today is about pullback quality, not chasing. This is a continuation environment, but only if structure holds. Primary idea: 👉 Buy pullbacks into proven demand 👉 Let price come in 👉 If momentum fails, step aside — don’t argue

★ A+ Setup

Pullback Continuation Long (Primary)

Zone: 6,991–6,994; 6,969 / 20DMA
Trigger: Controlled pullback; Holding structure (no impulsive sell); Delta stabilizes / turns positive; VWAP supportive; Clean test; Absorption at lows; Momentum re-engages
Target: 7,029 → 7,043 → 6,991 → Extension to highs if strength returns
Invalidation: Acceptance below 6,991; Acceptance below the 20DMA

This is the ideal trade today. Let the market breathe.; 🟢 Secondary Setup — Deeper Pullback Long; This is where real buyers should show up. If they don’t — don’t force it.; 🟡 Bearish Scenarios (Tactical Only); Below 6,991 → 6,969 = rotation, not a trend shift; Below the 20DMA = momentum loss → downside can accelerate toward the 50DMA; This is tight and tactical, not a conviction short environment.

Confirmation

1️⃣ Directional candle (no overlap)
2️⃣ Delta confirms
3️⃣ VWAP aligned
4️⃣ Absorption at levels, not mid-range
No chasing. No forcing continuation.

Mindset

Momentum is earned, not assumed.
Your job today is patience, not prediction.
Let the pullback come.
Trade the level.
Protect the win.
SPY (15 Min)
This 694 pullback is the money spot today. Would be awesome to see a clean retest long setup there. Below 694, we need to be looking for the pullback to the 20DMA. That will be an interesting spot as well.
699 is the level to beat for ATH..

Best window

10–11:00 AM

How it played out

The setup triggered, but neither the target nor the invalidation was reached by the close.

triggered, but neither level was reached by the close. Measured from m15 bars, ESM6, confirm entry, close beyond the level invalidation. Not a fill, and not a return: see how this is measured.

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Earlier plans

2/2Pullback Long (Primary)1/30Reclaim & Continuation Long 1/29Pullback Long (Primary)1/28Pullback Long (Primary)