ES1! Key Levels into EOY 2023
ES1! 6WK: Update from April 14, 2023 Publish:
0.786 Levels clear development of structure into EOY.
KL: 4741.25
Risk on sentiment as evidenced by confluence of sigma 1 and 0.5 fibonacci level (4155.25) now approached 0.236 fibonacci level (4500). This was a high area of interest as PA reverted to mean because it was where price acceptance has occurred (Oct 2020) and where price acceptance was rejected (Feb 2020)//
Regression analysis with pearsons r of .9558//
VIX 12.04
Price at time of study 4693.75//
KL: 4741.25
Upcoming macro events and earnings guidance will be factored in alongside breadth and yield measures// Bias: Risk On
0.786 Levels clear development of structure into EOY.
KL: 4741.25
Risk on sentiment as evidenced by confluence of sigma 1 and 0.5 fibonacci level (4155.25) now approached 0.236 fibonacci level (4500). This was a high area of interest as PA reverted to mean because it was where price acceptance has occurred (Oct 2020) and where price acceptance was rejected (Feb 2020)//
Regression analysis with pearsons r of .9558//
VIX 12.04
Price at time of study 4693.75//
KL: 4741.25
Upcoming macro events and earnings guidance will be factored in alongside breadth and yield measures// Bias: Risk On
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