ES failed breakout?
ES filled the gap at 3843. It tried to go up to the next level but failed. 3843acted as an important price level for 2 days. Today after failed attempts to maintain above it, the market pulled back, hit it, and turned down. The market is getting closed to the lower edge of the channel (or a wedge, depending on how you view it) not a good place to short but overall momentum is down. 3800 as a whole number support may work but expect down or TR. Sell at EMA, or previous support level. It seems 3800 has been broken after 4pm, so 3800=resistance? Instead, 3750 -3735 = support.
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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.