3/7 - ES/NQ Gameplan
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1. 🐦 Bird’s Eye View – Market recap + quick insights
2. 📅 Economic News – Key events to watch
3. 📊 Levels & Outlook – ES/NQ bullish & bearish setups
🐦 BIRD’S EYE VIEW – March 7, 2025
“The Bears Had Their Coffee This Morning” ☕🐻
Tech got wrecked today—NVDA, AAPL, MSFT, and GOOG all took a beating, dragging the market lower. Financials & industrials didn’t help much either, adding to the sell-off. Meanwhile, defensive sectors like healthcare and utilities saw some green as money rotated into safer plays.
🚨 Risk-off sentiment dominated, with big tech leading the downside. Bulls need to step up soon, or we could see deeper selling pressure heading into next week. Stay sharp! 🔥📉
📅 Economic News Overview – March 7
📅 Economic News Overview – March 7
🚨 High-Impact Events (Expect Volatility):
- 8:30 AM ET – Non-Farm Payrolls (NFP), Unemployment Rate, and Average Hourly Earnings → Major market mover. A hot print = more Fed hawkishness, weak data = rate cut bets.
- 12:30 PM ET – Fed Chair Powell Speaks → Could shake markets depending on his tone.
- 1:30 PM ET – President Trump Speaks → Political risk event, could impact sentiment.
📊 NFP Impact on ES & NQ:
- Stronger-than-expected NFP (>159K): Market drop; ES -40/60pts, NQ -120/180pts.
- Weaker-than-expected NFP (<159K): Market rally; ES +40/60pts, NQ +120/180pts.
🛌 Low-Impact Events:
- 4:30 AM ET – ECB Lagarde Speaks → Could move EUR, but minimal equity impact.
- 8:30 AM ET – CAD Employment Data → Important for CAD pairs, unlikely to move ES/NQ.
🎯 Takeaway:
NFP + Powell = Biggest market movers. Expect wild swings if numbers surprise. Stay nimble! 🚀
/NQ & /ES - Levels, Zones of Interest & Bias Directions
/NQ – Levels, Zones of Interest & Bias Directions
📌 Recap
NQ sold off hard, testing 20003 support before bouncing. Price is now consolidating just above 20209, but still trading below key pivots. Bulls need to reclaim lost ground, or we risk further downside.
🔍 Key Levels to Watch
- Upside: Needs to reclaim 20302 for continuation higher into 20473 (pivot) and 20700 (4hr pivot). A break above opens 20841.
- Downside: Losing 20096 puts 20003 demand zone at risk. If sellers stay in control, watch for a move toward 19826.
🎯 Plan
- Bullish Bias: Above 20302, look for longs targeting 20473 > 20700 > 20841.
- Bearish Bias: Below 20096, shorts open up toward 20003 > 19826.
⚠️ NFP data could trigger volatility—stay nimble at key levels! 🚀
/ES – Levels, Zones of Interest & Bias Directions
📌 Recap
ES bounced off 5720 support after a sharp sell-off but remains below key resistance levels. Price is hovering around 5774, with bulls needing a strong push to regain lost ground.
🔍 Key Levels to Watch
- Upside: Needs to reclaim 5815 (15m pivot) for continuation into 5860 (pivot) and 5907 supply zone. A breakout could push toward 5935.
- Downside: Losing 5750 demand zone could trigger another leg lower toward 5720, with 5714 as deeper support.
🎯 Plan
- Bullish Bias: Above 5815, look for longs targeting 5860 > 5907 > 5935.
- Bearish Bias: Below 5750, shorts open up toward 5720 > 5714.
⚠️ NFP data could shake things up—expect volatility! 🚀
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