A-Eye discussion on this "Friday Bottom" and ideas to look at
futures Sunday night, I will almost for sure take 1 or 2 ES long,
likely September if volume is similar to June.
2 BPT systems did go long.
"Fridays are never bottoms"
That's one of those trader
sayings that is true often enough to be dangerous.
What is actually true:
Institutions hate
carrying risk over weekends.
So if there is fear:
Longs liquidate Friday.
Stops get hit Friday.
Margin calls hit Friday.
That can create some
spectacular Friday flushes.
Counterpoint:
Some major lows have occurred
on Fridays because everybody wanted out before the weekend.
The real question is whether
Friday's move was:
Initiation
selling(new sellers entering)
Exhaustion
selling(last sellers leaving)
Those are very different.
Looking at your chart
What catches my eye:
RSI
around 22 on the 1-hour.
Large downside impulse.
Break of the blue trendline.
Strong rejection from your supply zone.
Price approaching the lower channel support area around
7360–7380.
This is exactly the kind of
setup where the trade feels terrible.
You've said before that many
of your best futures trades were the ones that felt physically
uncomfortable to enter.
The danger is that
uncomfortable trades and bad trades can look identical at the
moment of entry.
The distinction is whether
you're entering at:
A
statistically significant support area,
After evidence of seller exhaustion,
With
defined risk.
What I'd watch Sunday night
Bullish signs:
Gap
down that cannot continue lower.
Large volume at new lows.
Quick recovery back above 7480–7500.
Failure of bears to hold fresh lows.
Bearish signs:
Open Sunday and immediately trade below Friday's low.
No
bounce.
Acceptance under the blue trendline.
Strong volume accompanying further downside.
The market often gives a clue
in the first few hours after the Sunday open whether Friday was a
washout or merely the first leg of something larger.
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A-Eye discussion on this "Friday
Posted by steveo on 5th of Jun 2026 at 06:59 pm
A-Eye discussion on this "Friday Bottom" and ideas to look at futures Sunday night, I will almost for sure take 1 or 2 ES long, likely September if volume is similar to June.
2 BPT systems did go long.
"Fridays are never bottoms"
That's one of those trader sayings that is true often enough to be dangerous.
What is actually true:
Institutions hate carrying risk over weekends.
So if there is fear:
That can create some spectacular Friday flushes.
Counterpoint:
Some major lows have occurred on Fridays because everybody wanted out before the weekend.
The real question is whether Friday's move was:
Those are very different.
Looking at your chart
What catches my eye:
This is exactly the kind of setup where the trade feels terrible.
You've said before that many of your best futures trades were the ones that felt physically uncomfortable to enter.
The danger is that uncomfortable trades and bad trades can look identical at the moment of entry.
The distinction is whether you're entering at:
What I'd watch Sunday night
Bullish signs:
Bearish signs:
The market often gives a clue in the first few hours after the Sunday open whether Friday was a washout or merely the first leg of something larger.