Preparing ES Emini & MES Micros Traders
For Our Emini and Micros Futures Trading Room

MicrosTrader's Wednesday AM briefing stressed a cautious outlook on the ES/MES futures market. Despite recent bullish trends, signs of rejection and the potential for a liquidation break are raising red flags. A key focus is whether prices can ladder above recent highs, particularly near the 5,875 and 5,900 levels. With CPI behind and PPI ahead, traders are bracing for volatility and mindful of the technical indicators shaping the week's trades. RESOURCES:

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TRANSCRIPT:

Good Morning and Welcome

Good morning, everyone!
Welcome to the AM Briefing for Wednesday, April 14th — Episode #427 — brought to you by MicrosTrader.com, where together we trade better. We are an ES/MES futures trading room built around a high-probability trading system, and yes, together we trade better. Let’s get into it!

Weekly Scripture

“Tear your hearts, not just your clothes, and return to the Lord your God. For He is gracious and compassionate, slow to anger, rich in faithful love, and He relents from sending disaster.”

Tip of the Day

Yesterday, I shared an important reminder that’s worth repeating:
Sometimes a successful day is simply a great journal entry, time on the charts, and preserving your capital.

I also want to share a second tip. Each morning, I read from two or three books to my wife. Today, there was a quote that really stood out, and it ties into journaling:

"Learning daily to spot, admit, and correct flaws is the essence of character building and good living."

News and Scheduling Notes

We are in the aftermath of CPI, with PPI on the horizon tomorrow. Also, a quick reminder for my members — there will be no Zoom session tomorrow morning. I have a doctor’s appointment to renew a prescription, and this was the only available slot for the next month.

Powell is also scheduled to speak tomorrow, which should make for an interesting day in the markets.

Market Analysis

Let’s keep this under 10 minutes. Yesterday, we outlined two potential long setups. Both missed by a point or a point and a half. My commentary emphasized that it was a bulls-only environment, with a double parabolic move to the upside. Shorts weren’t even on my radar — it was all about finding good long entries, which makes trading more straightforward.

Overnight, I shared a battle plan with our group. To better understand the context, I’ve turned on our Strong Levels indicator (available to members). These levels performed very well yesterday, showing clear bounce points.

We’re currently sitting at the bottom of a higher time-frame range. If price is going to ladder back into that range, it needs a strong move upward — but for now, we’ve seen clear rejection. My plan highlighted two short setups — no longs — because I believe we’re on the cusp of a strong liquidation break. It could come out of nowhere, without a clear reason, but the risk is significant.

One trade I had set up was a short with a five-point stop, but I canceled it before bed — better to sleep well than stress over a position. It would have paid off, but such is trading.

Technical Breakdown

Looking at the daily chart, we’re watching the 200-day moving average, a key metric for many traders. ES and NQ are currently above theirs, while the Dow and Russell are not. That’s worth noting.

The 5,875 level is critical. Yesterday, the Russell and Dow had inside days, while the NQ is pushing above yesterday’s high. However, I still see this as a failed breakout. If we see a push-up followed by a strong selloff, I’ll be eyeing short opportunities.

My primary focus is: Can we ladder above yesterday’s high?
If we do and it fails, shorts are on the table.
If we break back through 5,900, we could easily hit our next Strong Level or even go further.

We’ll be watching how price interacts with our key levels. I’m not auto-short at the highs, but I’ll definitely be looking for a shift and ladder back down — that’s my setup.

Wrapping Up

That’s it for this morning. I’ll see my traders live 30 minutes before the market opens for our mental training and trade planning session. Good luck trading today — stay green, my friends!

To learn more about our group, visit:
MicrosTrader.com