ES1! paper trading this
S&P 500 Index Futures forum
ES1! paper trading thisES1! Technically tapped in at 6136.5 sl 6139 tp at 6109
MES1! This is something to keep a close eye on as well. We were first bearishly diverging on the 8 hour May 19. At some point these will play down to that 200 SMA which may be at a higher price by the time that happens. The conditions for that to happen are not yet present, and they haven't yet been present on any touch of the 50 since May 23. 8 hour 50 has been our dynamic trendline for quite some time now.
ES1! Theoretically there is one last pull back before a rip to athES1! today will probably be mostly range driven however some of what powell said was bullish but there is still more tomorrow aswell as a fat gap belowMES1! I expect the high could easily be swept with how insane money flow is still in green on 1 hour which is why I posted higher lows and higher highs yesterday, but ultimately I expect a retracement to the 4 hour 50 SMA(orange). If we are going to get a 4 hour bearish divergence, then of course that would mean a higher high which is certainly not unlikely. Will reassess whether the 200 is likely or not when the price action finally develops to the 4 hour 50 or the 50 catches up to price. The more space between moving average and price, the more likely it is to return to it.
ES1! It looks like it will continue rangeES1! Haven’t taken anything yet with Powell speaking
MES1! 📅 Trading Plan for 06/24MES: Over/Under 6117, 📈 6130-6148 📉 6112-6095