For 3 days now, 5668-73 area has been very key in ES. We failed from it Friday afternoon, trapped sellers, then squeezed 50 points. We did the exact same thing yesterday 4pm, and it held again overnight to the tick. As of now: More chop likely. 5679, 5668 are main supports. staying above keeps 5696-98, 5708+ in play. We dip only if 5668-65 fails
Trade closed: target reached
6 hours ago, i mentioned that chop is likely and only gave two targets (5696-98, 5708.) ES agrees and have been chopping the whole session, although able to snag both targets in the midst of it. Just hold runners if you have them or sit on hands. Nothing to do. 5690 (weak now) must hold to keep upside targets (5723+) in play. If not, 5681-79 next down below that. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.