Wednesday Jul 9: Today’s Game Plan for Emini & Micro Traders Inside the Room

Wednesday July 9, 2025

Futures traders entered the session following a compressed, inside day across ES, NQ, and Russell, suggesting a potential breakout in either direction. A key daily trend line held firm overnight, reinforcing bullish bias after bears failed to maintain momentum in the prior session. Attention is focused on the 77–75 area as a decision zone for initiating long positions. While FOMC minutes are scheduled for later in the day, expectations remain low for any significant market impact.
📚 RESOURCES
📄 TRANSCRIPT

Opening Remarks

Welcome to the AM briefing video presented by MicroTrader.com—where together, we trade better.
Good morning, everybody. Good morning.

"A man who endures trials is blessed because when he passes the test, he will receive the crown of life that God has promised to those who love him."

Today’s tip: Don’t diddle in the middle.

News and Economic Events

Once again, it’s a super light news week. However, this afternoon we do have the FOMC minutes. I expect it to be a non-event, but you never know—stay alert.

Essay Format Questions

  1. Which day had the clearest structure this week?
  2. How did the market behave differently from your expectations?

Inside Day Recap

Not only was it slop and chop, but it was also an inside day across the board.

  • Russell: inside day
  • NQ: inside day
  • ES: inside day

That kind of compression builds steam, and the market is likely to explode one way or the other soon.

Daily Chart Outlook & Bear Failure

Let’s zoom out on ES. We’re watching a key daily trend line. Overnight, we had a beautiful bounce right off that level.
In my opinion, the bears failed yesterday. It started out as a trend day to the south, opening in the middle of the range, but then momentum fizzled out. The tariff headlines didn’t hold, and the bears lost steam.
That’s why, in the overnight battle plan, I only outlined long setups. I took one long with a single contract. Ideally, I was hoping for a deeper pullback to trigger the green battle plan trade, but that never happened.
I followed my plan at 50%, and I’m glad I did. The move gave me 50%, and I avoided a break-even exit.

The key level today is around 77. Watch to see if we hold above or reclaim that level after an early dip for a long opportunity.

Strong Levels and Overnight Review

The new week opening gap is a major level of interest.
Yesterday during the live session, we discussed the idea of failure. We were expecting a 15- to 30-point pullback to finally break this level.
We never quite got the full 30-point move (which would have taken us to the overnight low), but we got multiple 15-point pullbacks and repeated attempts to break lower. Each time, the market pushed down slightly, then rallied again.
If we connect this recent low, we can see we’re in a bit of a parabolic move. But now we’re testing an area where we've seen rejection before.
So, my expectation is for a possible pullback to the RTH halfback area. If we get that and then reclaim it, we’ll look for long setups in all the right places.

Zoom Session and Closing Remarks

So, my game plan is to watch what happens between 77 and 75. I’m looking forward to trading this live with my traders on Zoom, 15 minutes before the market opens.

Quick note: I’ve let our members know that I’ll need to exit the Zoom session a bit early today due to an appointment I couldn’t reschedule. Hopefully, we get our trade early, secure profits, and wrap up quickly.

Wishing you good luck trading today.
I’ll see you live 15 minutes before the open.
Stay green, my friends.
And to learn more about our group, visit MicroTrader.com.

TRADER FAQ

Q: Why are inside days significant in futures trading?
A: Inside days indicate a period of consolidation, and often precede breakout moves, making them valuable for identifying high-probability trade setups.


Q: What’s the key price level to watch today in ES?
A: The 77–75 range is critical; traders are watching for support and possible long entries if price holds or reclaims this zone.


Q: What caused the bearish momentum to fail yesterday?
A: Despite a trend day setup, bearish momentum faded after a weak response to tariff-related headlines, leading to a market rebound and failure to break key support.

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