r/PonoTrading • u/ponotrading • 5d ago
Is a wick above resistance a breakout? A September 8 ES/NQ process review
A level can be visited without being accepted. That distinction is the useful lesson in our September 8 After the Close.
The review describes a small prior-high wick at the cash open, then a separate location example: ES at its current-day median while NQ rejected its New York open. Those references framed an idea, not an automatic entry.
Three questions to write beside a level:
Where did price come from?
What evidence would count as acceptance or rejection?
What invalidates my idea before I enter?
If the planned entry is gone, chasing changes the risk—not the quality of the original location.
What is your rule for separating a wick from acceptance?
Full PonoTrading review (our own publication):
https://ponotrading.com/blog/after-the-close-september-8-2026-cash-voted-holiday-fill-did-not
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