My target in #ES_F all week was 5438-42, and buyers rallied to it yesterday. Next up were 5449 and 5467, with 5463 reached overnight. With CPI at 8:30, it’s time to size down, hold runners, and be prepared for literally anything (expect irrelevant noise and traps in the first 30 minutes).
As of now: 5438-42 and 5414 are stretch supports. This keeps 5473, 5495, and 5510 in play. If 5438 fails, look for a dip to 5414 and 5388.
As of now: 5438-42 and 5414 are stretch supports. This keeps 5473, 5495, and 5510 in play. If 5438 fails, look for a dip to 5414 and 5388.
Note
Choppy to start the morning off. First target was 5472 and buyers hit, dipped to 5450, now chopping. 5450-5470 a complete irrelevant noise range in my opinion. Overtrade here, get chopped up. 5450, 5443-38 remain supports. Buyers must hold to keep 5472, 5495+ in play. 5438 fails, sellers can bring us back down. 
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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.