ES is threatening to break below the uptrend from early August. It has been respecting this trend pretty well except for the fakeout below in late October. I expect a bounce here, but it's worth noting today was the first close below 6k since ES broke above it. It needs reclaim quickly and hold this uptrend, otherwise we could see another leg down to the 5900 area.
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.