ES M6·S&P 500 FUTURES
7,400.50-2.49%
DAILY BIAS
BEARISH
CONF: 22%
GAP FILL: 92%
Edge Score™·ESHIGH EDGE
63/100
Moderate edge. bias strength is a drag.
Contributing Factors
VOLATILITY REGIME
48VIX 21.5 — elevated, wider stops required×12%
BIAS STRENGTH
22Short bias — 22% confidence×22%
GAP ALIGNMENT
68Gap DOWN 12pts — aligned with Short bias×12%
MACRO RISK
95No scheduled events — pure price action session×14%
OR BEHAVIOR
88OR break short — aligned with Short bias, continuation elevated×12%
HISTORICAL EXPECTANCY
63Gap fill 92% · Analog consensus 50% bull (n=6)×16%
ANALOG CONFIDENCE
876 analogs, best 88% similar (avg 85%)×12%
MORNING WORKFLOW·ES0/8 steps completed
0%
1
Overnight Context

Opened below prior close by 12pts

Overnight inventory short
2
Macro RiskClean technical session
3
Daily BiasLow conviction
4
Gap StructureHigh fill probability — monitor prior close
5
PlaybookBest window: 09:45–11:00 ET
6
Similar Historical DaysMixed historical outcome
7
Trade WindowsTrend day — 09:30–10:15 ET + 14:00–15:00 ET
8
Session MonitoringModerate edge. bias strength is a drag.
TODAY'S PLAYBOOK·ES
AFTER HOURS·WEAK27%
PRIMARY SCENARIOBearish follow-through from yesterday's reversal. Early momentum key.
INVALIDATION
Acceptance above VWAP and OR high. Reclaim of 7,632.07 (expected range high) negates bearish structure.
BEST WINDOW
09:45–11:00 ET — opening drive + first OR retest window.
HIGHEST PROB SETUP
Gap Fill Fade — long back to prior close (92% hist. fill rate).
KEY LEVELS
PDH7,611.50PDL7,524.50PDC7,601.00ERH7,632.07ERL7,546.93ATR1485pts
VOLATILITY REGIME
ELEVATED — VIX 21.5. Expected range 85pts.
MACRO RISK
No scheduled events. Clean technical session.
CONDITIONS
VIX at 21.5 — elevated risk, manage size
Negative overnight inventory -12pts
No scheduled macro until tomorrow
Trend day classification — avoid fading moves
ES — Intraday Structure
SESSION:
WHY TODAY MATTERS·ES
HISTORICAL SIGNIFICANCE61%
MACRO

Clean technical sessions without macro events show higher setup completion rates.

Absence of scheduled events allows price to follow pure technical structure — OR breakouts succeed at +8% above average.

66%
based on historical no-event sessions
ANALOGS

Analog sessions split 50% bull / 50% bear — two-sided outcome risk.

Conflicting historical bias — setup quality depends on OR structure and VWAP relationship.

55%
based on 6 similar sessions
COMPARABLE SESSIONS
2024-08-022026-05-112025-08-01
Probability Breakdown — NQ
Gap Fill
71%
OR Break Higher
64%
OR Break Lower
36%
Hold Above VWAP
68%
Hold Below VWAP
32%
Based on 2,456 historical occurrences
Best Performing SetupsWin Rate
1.Gap Fill Fade71%
2.DRB + VWAP Hold68%
3.London Sweep + Revert65%
4.PDH Break + Retest62%
5.Lunch Break Fade59%
NEWS & EVENTS
View Calendar →
TimeEventImpact
09:30JOLTS Job Openings
10:00ISM Services PMI
10:00Factory Orders m/m
14:30FOMC Member Speaks
16:00Fed Waller Speaks
SIMILAR HISTORICAL DAYS · ESDB · TOP 6
6 analog sessions — mixed outcome (avg +7pts)
BULL50%
BEAR50%
AVG CHG+7
DATESIMILARITYGAP DIRDAY TYPEOUTCOMENEXT DAY CHG
2024-08-02
88%
↓ DNROTATIONBear -158pts-158.50
2026-05-11
87%
↓ DNREVERSALFlat -10pts-10.25
2025-08-01
85%
↓ DNTRENDBull +92pts+91.50
2026-04-10
85%
↓ DNRANGEMild +68pts+67.50
2026-04-28
85%
↓ DNROTATIONFlat -3pts-3.00
2026-02-23
82%
↓ DNTRENDMild +52pts+52.25
DAILY RESEARCH BRIEFING·ES·AFTER HOURS
SESSION CONTEXT
16:00+ ET · 16% elapsed
SESSIONCash session closed. Reviewing day's structure for tomorrow's context.
OUTCOMECurrent session showing trend characteristics. Pullbacks buyable in bias direction.
TOMORROWMonitor overnight gap and futures direction before 09:30.
TODAY'S CONDITIONS
Bearish bias (22% confidence)
High VIX regime — VIX 21.51
Gap DOWN 12pts — fill prob 92%
No scheduled economic events
Historical analogs: 50% bullish next day
KEY LEVELSPDH: 7,611.50 · PDL: 7,524.50 · PDC: 7,601.00 · ERH: 7,632.07 · ERL: 7,546.93
BIASBias is bearish with low confidence (22%). Prior reversal session — today may see follow-through on yesterday's pivot.
VOLATILITYVIX at 21.51 — elevated volatility regime. Expected range 85.13999999999942pts. Elevated volatility — expect wider intraday swings and potential ORB failures.
GAP SETUPOpened below prior close by 12pts (small gap). High probability of fill at 92%. Key level: prior close at 7,601 acts as magnet.
ORBORB break to the short (bearish). Aligned with daily bias — continuation probability is elevated. Trail stops above OR high.
MACRONo major scheduled economic events today. Data-driven sessions tend to be cleaner technically.
ANALOGS6 analog sessions found. 50% closed higher the following day (avg +7pts). Best analog: 2024-08-02 (88% similar) — outcome: Bear -158pts.
DAILY EDGE BRIEFING·ESFREE NEWSLETTER
BEEHIIV
TODAY'S EDGE INCLUDES
HIGH EDGEBEARISHGAP FILL 92%VIX ELEVATED
  • Gap fill probability and regime context
  • EDGE Score™ classification and factor breakdown
  • Opening range expectation for the session
  • Historical analog confidence read
  • Key macro events and volatility regime
  • Session playbook and trade windows

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EDGE VALIDATION·ESLAST 30 SESSIONS
5-STREAK
OVERALL
37%
BIAS
37%
GAP FILL
83%
RANGE
53%
DATEBIASCONFGAP FILLRANGE ACCURACYOVERALLSTATUS
2026-06-05SHORT22%16%58CONFIRMED
2026-06-04SHORT62%49%25FAILED
2026-06-03LONG40%31%16FAILED
2026-06-02SHORT21%74%37FAILED
2026-06-01SHORT21%73%37FAILED
2026-05-29LONG42%50%75CONFIRMED
2026-05-28LONG34%88%94CONFIRMED
2026-05-27SHORT24%70%35FAILED
2026-05-26LONG56%47%74CONFIRMED
2026-05-22LONG37%43%72CONFIRMED
Rolling 30-session accuracy · Bias correct = close direction matches predictionTRADEIFY GRAND CUP
SOCIAL EXPORT·ESX / TWITTER
2026-06-05 · 8:30 AM ET
ES · Jun 5, 2026 · PRE-MARKET
EDGE Score: 63/100 — HIGH EDGE
Bias: BEARISH (22% confidence)
VIX: 21.5 [ELEVATED]
Gap DOWN 12pts from prior close.
Gap fill probability: 92%
Expected range: 7,547–7,632
OR expectation: Breakout continuation
No macro events scheduled.
Best analog: 2024-08-02 · 6 sessions, consensus mixed (50%).
#ES #FuturesTrading #EDGE
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