Micro E-mini S&P 500 Index Futures (Sep 2023) forum
Bookmap Microstructure:
• Buyers are stacking above 6399.5 but can’t hold — walls are thin and getting swept.
• Heavy iceberg action just now at 6399.25 with minimal price displacement — signaling exhaustion on the bid.
• Notable dark red absorption below 6398.5 confirms that sell programs are waiting — they’re not chasing, they’re patiently reloading.
Bias: Short below 6428.5
Breakdown trigger: Confirmed BOS below 6421.25
• TP1: 6412.75
• TP2: 6405.75 (Monday low)
Invalidation: 6435 reclaim and hold
Alternate Long Setup:
If 6435 breaks with volume and retest confirms:
• TP1: 6441
• TP2: 6449 to 6451 (inefficiency fill)
Prime trading hours for both instruments are 1:30 PM to 4:00 PM ET.
Wait for structure confirmation and volume alignment. No raw scalps.
Key Observations:
• Massive absorption below 6448 – large red dots with clear iceberg behavior on the bid.
• Sharp responsive buyers now stepping in at 6446–6448 range — this is a real liquidity pocket.
• Delta Flip Zone forming just above 6450 with aggressive green bubbles as ES bounces.
• Lack of follow-through below 6446.25 shows buyer interest despite earlier sell algo pressure.