6420 is the pivot to watch. Failed breakdowns near 6420 or 6410–6408 favor longs; rejection at 6461 favors shorts.
The latest Coffee With Q trade outlook for Wednesday highlights 6420 on the S&P 500 futures (ES) as the critical intraday pivot level for traders.
After spending a full week consolidating between 6500 and 6460, ES broke down from that range on Tuesday. This shift puts short-term control in the hands of bears unless buyers reclaim 6461. Despite this short-term weakness, higher timeframes still show bulls firmly in charge.
Long Setups
Traders watching for buy opportunities may find A+ entries at:
- 6420–6419: Failed Breakdown of Tuesday’s low
- 6410–6408: Flush and recovery zone
- 6403–6387: Stronger support, best if undercut and reclaimed
- 6436–39: Reclaim and hold, targeting 6450–6461
Short Setups
For advanced traders only, A+ short entries include:
- 6461 back-test: First fresh retest of breakdown, higher probability short
- 6420 breakdown: Clean failure of support opens targets at 6408, 6403, and 6387
Trade Flow
- Above 6461: Bulls regain control, aiming for 6474–6492–6503
- Below 6420: Bears press lower, with downside targets at 6408–6387
- Between 6420–6460: Expect chop; trade only clear failed breakdowns or reclaim setups
Wisdom for Traders
The Coffee With Q trade plan reminds traders:
- Avoid guessing — let price confirm first.
- Take profits quickly and reset bias level by level.
- Failed Breakdowns often provide the highest-quality long entries.
- Breakdown shorts carry lower win rates and should be attempted only by experienced traders.
One-Line Summary
Source: Q ALGO
Published by: Coffee With Q Podcast News
📧 digital@kisspr.com
🌐 www.coffeewithq.org
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