Happy Mother's Day! It's time again to dig into the charts and start planning for the week ahead in the markets. As our Traderade Family continuously grows, I like to step back from time to time and remind everyone what the purpose of this Weekly Market Prep is and why I structure it the way I do. The vast majority of the time this post will be solely focused on the S&P500, specifically ES (the S&P500 Futures contract). Why? Because I believe the S&P500 represents the best overall gage of market activity and considering the overwhelming correlation between most big market cap stocks and the S&P500, it's more efficient to study and analyze ES_F (the front contract) rather than hundreds of correlated charts. Occasionally I will provide thoughts on the Nasdaq (NQ) or the Russell (RTY), but when the market is as volatile as it is now I prefer to focus on ES which is my "bread n' butter" for day trading/swing trading. It's also important to understand this Weekly Market Prep is simply my personal observations and as a day trader I'm not interested in "predicting" which way the market will go; however, I am interested in finding likely levels for breakout momentum trades (long or short) and places where I expect the market to have a reaction (i.e. be forced to make a decision up, down, or stall). So you won't find any magic crystal balls here, I will never claim to have one; I'm simply a day trader looking for trades where the odds will be tipped slightly in my favor. With that said, welcome everyone...let's dig in!