ES1! and charts are closed for today see yall tmrw morning for openingMicro S&P 500 Futures forum
ES1! and charts are closed for today see yall tmrw morning for openingES1! been getting crazy consistent at thisES1! 1:7rr trade hit from this mornings callout
MES1! The macro does align with the micro in terms of high side targets. There is also a chance this is still the 3 wave from April lows as that pullback is not very significant. That will be clearer when we begin the next large descent. It would be absolutely brutal to see a gap fill all the way to 5280 area and it just be a higher low. That would be confluent with the 0.236 fib level as well. I suspect its timing will coincide with the July tariff resumption coming if we do get it.
I don't think a move up to 7k is rational, but as of now the charts are not showing the major crash signals on higher timeframes just yet. We could get them without going up any further than we already have for sure, but you just have to play it as the price action develops.
ES1! It will continue down there is buyside liquidity 5136ES1! very nice moveMES1! I favor something like this with max pullback near 6040 area unless 1 hour money flow changes in a big way. I personally wouldn't count that circled area as a 4 wave down because it didn't pullback to any significant target. Ultimately the daily is showing a new ATH to me either this week or next. Getting a nice rejection at the 1.618 extension for now.
MES1! I'm not liking that 5 min money flow trending up with price dropping, but the momentum waves are now leading down so I do expect a lower low to come after this high. Probably watch that 5 min 50 at 6153 area for selling pressure.
ES1! we finally broke a buyers channel ive been mapping for 4 daysES1! only a fan of shorting the highs because the equal lows at 6138