The Anatomy of ES In A Single Picture – June 10 ESDaily Gameplan

This is why we wait - Why we remain patient

Tuesday June 10, 2025

We talk about failed breakdowns in nearly every letter.

Because that’s the move that matters.
That’s the identity of ES & why I built this system.

You don’t chase candles.
You don’t click because you’re bored.

You wait for the base to fail, the flush to stall, the reclaim to confirm. You take the ones that come to you and ignore the ones that don’t.

That’s my job as an ES Trader. That’s what I share here at ESDaily.

Find them, wait for them, and don’t let Mr. Market chip away at your stack in between hands.

Yesterday was a day where we could’ve given some back. But we didn’t.
We sat on our hands as price oscillated 20 points. There was literally no trades if you didn’t snag 6000 at the open, which I did not.

Since the May 29 5890 failed breakdown trade we took, price has been building out a huge range. The kind of range that chops up even some of the best traders who struggle to take profits — The kind that wait for the next fed meeting, earnings report, or the CPI a few days later.

I really have little to offer in the way of US Economics and our reports/trends.
I don’t watch them. But — I know most people do — and for some reason, use them.

That May 29 trade? Targets hit and taken before an angry 150 point reversal, which set us up for the May 30 FBD 5854. We’re still long the runner.

Since then?

The market’s done what it always does — reveal itself one trap at a time.

That Friday reclaim triggered a 5861.25 long and kicked off a textbook expansion - higher but not exactly clean. The run culminated in a new high at 6040.75 printed overnight.

But it’s not been a clean trend.

It was a climb of reclaim after reclaim — 5894, 5933, 5956, 5971, 5993, 6023 — all critical reclaim areas. Many shoving price down. But some? Layered resistance that held for days — sliced like butter on June 3.

Pullbacks were sharp but respectful. (look at 2AM price action today as example)

Each one found footing where you'd expect structure to matter — because it did.

That’s not just directional strength — that’s memory.
That’s control.
That’s How ES Builds

The expansion is coming at a cost for momentum traders.

We’re starting to show topping signs in price behavior and (as you’ll see in the support and resistances below) just before several multi-layered complex CA’s above.

We will not be able to punch through these like we did 5956-5971 without something special.

My bet - the same price path ES always takes - a liquidity hunt, a structure reset, and then the real move.

Our job is to get in before the real move.

Let’s discuss where that might be in today’s letter.