ES1! so push up further?Micro S&P 500 Futures forum
ES1! so push up further?
MES1! Won't be surprised to see one of these liquidity sweeps to the upside. Sellers just aren't entering the market in a big way yet at all, but it is getting close. We need that liquidity sweep and large selling wick after really.
MES1! All selling is being absorbed as of now just not the time yet. Every hour close is filled with buyers.MES1! These usually play to the 50 SMA. Question is whether we see consolidation instead. It could just impulsively keep going, but I would expect at least some consolidation. I should add that I still expect to see higher lows come in. Not looking for Monday's lows to be swept off of this setup yet at all.
ES1! paper trading this
ES1! 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 below