Yesterday, after the basing range broke near 5502, I expected a nice rally from buyers in ES with a macro target of 5555-60 and 5585. Overnight, we pushed up to 5584 before sellers stepped in. Now, it’s decision time.
As of now: Support is 5550-48 (weaker) must hold to keep the run going toward 5577, 5585, and 5600+. If 5548 fails, we can finally dip to 5528.
As of now: Support is 5550-48 (weaker) must hold to keep the run going toward 5577, 5585, and 5600+. If 5548 fails, we can finally dip to 5528.
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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.