Today's Plan - backtest and squeeze levels

Happy Friday!

$ES fell overnight, but got a bounce to backtest the breakdown on the jobs data. I have assigned the key for today at that backtest level of 5516.75 (ascending each hour). There are 2 important resistances above: bottom of daily megaphone 5528.25 and weekly 5542.75. Back above the weekly could see some short covering. While under key I am biased to more…