Yesterday marked the sixth consecutive red day in ES—the first time since April 2024. After breaking down from a two-day base yesterday around 2pm, 5875 was the sell target, and it hit exactly at close before forming a base overnight.
As of now:
• 5875-80 is support but weakening
• Holding above keeps 5913 and 5939 in play
• If the overnight low fails, expect a dip toward 5850 area, then 5835-32
As of now:
• 5875-80 is support but weakening
• Holding above keeps 5913 and 5939 in play
• If the overnight low fails, expect a dip toward 5850 area, then 5835-32
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.