LobWedge Research — S&P 500 (ES) & Market Analysis

LobWedge Research — S&P 500 (ES) & Market Analysis

ES Weekly: Bombs, Oil, and Levels

ES sitting at 6,875 inside a multi-week wedge. Iran strikes Saturday change Monday's open. Oil gaps, vol spikes, and the range low is the line.

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LW
Mar 01, 2026
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ES Weekly Game Plan | Mar 2-6, 2026

ES closed Friday at 6,875. Down 48 on the week. SCOTUS killed the tariffs. Market sold to 6,829, bounced, closed right on support.

That was the story. Past tense.

Saturday morning, the US and Israel struck Iran. Khamenei is dead. Iran is firing back at US bases across the Gulf. Oil opens Sunday night. Equities follow.

Monday’s gap is the only thing that matters.


The System Worked Last Week

Here’s what Sunday’s plan got right:

Five levels. Three tested. All held or broke in the direction we called. The selloff from 6,966 to 6,829 happened inside the range we mapped. The bounce off 6,833 was the trade.

You plan on Sunday so you don’t over react on Monday.


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