📺 Watch the full video here:
It’s the final Friday of Q1, and ES futures have now reached the downside targets I shared just a week ago.
That puts us in a very specific position as traders. When price trades into those levels, the focus shifts. It becomes less about where the market is headed and more about how to prepare for whatever happens next.
In this update, I walk through how to approach ES futures when price is sitting right at those targets, including how to map resistance, identify the next support levels, and stay ready for either direction as we head into April.
🔍 Highlights
E-mini S&P 500 Futures (ESM26)
ES futures have now moved down into the 6419.00 level, which I identified as a downside target in the prior analysis. As of this update, price is hovering right around that level and showing short-term respect.
Looking across timeframes, the weekly chart shows that the first support has already been taken out, while the daily chart has RSI back in the Bear Support Power Zone for the first time since last Friday. That lines up with the broader downside move that’s been developing.
On the shorter-term charts, the focus shifts to resistance. There are two key areas shaping the recent move lower — a near-term high formed during the session and a larger high from earlier in the day that defines the broader push down. These levels give you a framework for what to watch if price begins to stabilize or bounce.
At the same time, if ES futures continue lower, I want you looking ahead. When I go back to the weekly chart, the next significant support zone comes from a prior range, with levels around 6242.75 and 6167.00. These are not predictions, but reference points so you’re prepared if price breaks below 6419.00.
I walk through each of these levels directly on the charts in the video and show how they connect across timeframes.
When a market you’re observing trades lower into downside targets, a new phase of preparation kicks off.
That means mapping nearby resistance so you’re ready if price turns higher, and identifying the next support levels so you’re not caught off guard if the move lower continues. It also means paying attention to how price behaves at those levels instead of assuming the outcome (hold vs break).
If you found value in this ES futures update, make sure to watch the full video where I walk through the charts step by step and be sure to hit the Like button over on YouTube!
👉 PS — Trader Trainings Coming Up!
The Trader Training calendar has been updated! Here’s what’s on deck:
Ticker Request Live — free weekly trading show
📅 Tuesday, March 31st at 4:30 PM ET
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📅 Wednesday, April 1st at 4:30 PM ET
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📅 Thursday, April 2nd at 4:30 PM ET
Visit himareddy.com/events for full details and registration.
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