Shorts were triggered in ES yesterday morning. The fail of 5777 was the signal with a target of around 5740. We lost 5777, sold off to 5740, backtested 5777, and sold again. Bears are in control for now until that 5777-82 area is reclaimed.
As of now: 5738 is support and the last chance for a bounce (targets at 5763, 5778). If 5739 fails, 5729 and 5711 is next down.
As of now: 5738 is support and the last chance for a bounce (targets at 5763, 5778). If 5739 fails, 5729 and 5711 is next down.
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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.