Trade Plan for 4/7-4/11

Trading the Negotiation of the Tariffication of the Liberation

Last week I gave bearflag targets for all three of the indices that I cover in depth: $ES/$SPX futures, $NQ/Nasdaq futures and $RTY/small caps futures. Here’s what I wrote for $ES last week:

It’s impossible to know ahead of time what will happen, but with great levels we can trade any scenario well. Here’s how those levels look on the charts so you can see how it panned out. This is why I have so much confidence in my levels.

I put together a list of BIG supports for $TSLA, $NVDA, $META, $GOOG, $MSFT, $AMZN, $NFLX and $AAPL. The first bounce last week came from both $META and $NQ reaching support at the same time, but the others had not hit, opening up the possibility for more downside capitulation. For this week, I will be watching those updated levels in proximity of weekly $ES/$SPX futures and $NQ/Nasdaq futures supports once again to potentially take a countertrend long.

In line with a gap up for the indices holding, I was bearish for precious metals again last week✅, and we saw my downside target move for $SI/Silver futures on Friday morning before the data, but unfortunately it got flushed with the indices.😐 I was neutral for $CL/Crude oil but specifically mentioned a touch of 65.65 could cause a flush. ✅

Summary of Market Action Last Week:

• The indices gapped down on the open last week, but rallied into Wednesday before a sharp reversal. They plummeted throughout the rest of the week closing near the lows.

• $GDX/Gold miners declined with the indices despite $GC/Gold futures holding relative strength. $SI/Silver were particularly weak.

• $CL/Crude Oil futures broke down from a long consolidation and that compounded weakness in $XOP/oil equities.

Here’s how last week closed out:

For the week ahead (04/07 - 04/11/25)