ES/SPX levels and targets Nov 13th
Updated
Yesterday, ES saw its first pullback after last week’s 330-point rally. We got a dip to 5986.75, bouncing up 40 points from there. With CPI on deck in 15 mins, it’s time to size down.
Plan for now: Key supports at 6002 (weak) and 5988. A reclaim of 6009 opens up targets at 6019 and 6032-33. If 5988 breaks, look for an initial dip to 5972.
Plan for now: Key supports at 6002 (weak) and 5988. A reclaim of 6009 opens up targets at 6019 and 6032-33. If 5988 breaks, look for an initial dip to 5972.
Trade closed: target reached
The 6032-33 target in ES has been hit yo the tick, springing from a failed breakdown of 6002. With us now at resistance, lock in gains and let a runner handle any further upside for today.
Targets remain 6036-40, 6046, and then ATHs whenever buyers are ready. Same supports still apply
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