MES1! No Trade — 2025-03-30

3/30/25 $MES Going into NFP week and looking at the calendar, we are back loaded on the news this week. The calendar will start to drive the charts Wednesday and beyond. No news Monday and only PMI on Tuesday to start the week. The way that we closed last week with a heavy bearish candle leads me to believe that we will continue to the down side and at least initial take the YL and still try to bounce there. We have the area 11-12 Mar 2025 as the lows we traded through being a new area we could see high probability resistance. This bounce into Tuesday will likely set up a low of a D-FVG to replace our HTF +FVGs in use at the moment. Then depending on how we respond to the news, we continue to push lower and we don't consider any moves higher unless we see the newly create D-FVG get inverted. The overall weekly target comes from an inverted gap from the MES1! contract.