Friday Midday Update — Stuck in a 10-Point Box. Patience Pays.
ES has been trapped 6585–6595 since late Thursday. No change to runners; stop 6503. Wait for fresh opportunity.
Quick midday pulse check.
Since the Thursday morning launch off Globex lows, ES has gone… nowhere.
We’ve been pinned in a tight 6585–6595 band since ~10:45 AM yesterday. This is the kind of tape that chews traders up: looks like it’s about to go, then doesn’t….
Over and over.
I’m not forcing it.
Positioning: Runners from 6465/6490 remain active.
Risk: No change — stop on runners is 6503.
Adds/Scales: None. There’s no room left in this structure; I’ll wait for a clean, new setup.
These stretches are the hardest part of the job.
The edge isn’t in predicting when the box breaks — it’s in being ready when it does. And… not bleeding out while we wait.
The better equipped we are to sit through this, the better the long-run performance.
When the market stops balancing and offers a real trigger (flush + reclaim or a clean level track-back), I’ll act and update you immediately.
Until then, patience is prudent.
— PriceTrader
P.S. If you have questions about the current structure or want me to walk through the runner logic again reply to this email and I’ll include a brief FAQ in the Gameplans next week.