Trade Plan for 3/24-3/28

March Madness! - It's all down to a triple level this week.

I was moderately bullish for last week, but more importantly I had my levels well defined. I was watching the $ES/SPX weekly futures 5762.50-5769.50 area for a backtest and shorted it both times it hit last week. I posted on X about those levels on Wednesday:

Here’s how those levels performed the first and second time they were hit:

I was slightly bearish for precious metals last week and slightly bullish $CL/Crude oil.

Summary of Market Action Last Week:

• The indices largely chopped last week. $ES/SPX futures and $NQ/Nasdaq futures rolled contracts last week giving those indices a boost. $SPX closed green by .51%. $RTY/small caps futures maintained relative strength for the second week in a row.

• $GDX/Gold miners continued to churn higher, along with gold, but $SI/Silver futures declined on the week after rejecting the last high.

• $CL/Crude Oil futures continued to grind upwards, while $XOP/oil equities was the outperformer for the week.

Here’s how last week closed out (includes $ES and $NQ contract roll):

For the week ahead (3/24 - 03/28/25)