ES levels and targets Nov 18th
Updated
On Thursday, sellers broke down the base built from Monday to Thursday at 5998, triggering shorts and hitting the 5885 target on Friday. Now, it’s staging its first relief pop before potentially heading lower.
As of now: As long as 5886-88 holds, a relief pop to 5910, 5917, and 5934 is possible. If 5886 fails, look for a dip to 5878, 5871, 5864.
As of now: As long as 5886-88 holds, a relief pop to 5910, 5917, and 5934 is possible. If 5886 fails, look for a dip to 5878, 5871, 5864.
Trade closed: target reached
This morning’s update was pretty simple. As long as 5886 holds, buyers pop to 5910, 5917, 5934. We held 86, then ran all the way to 5933 before sellers stepped in. Anymore upside today is bonus points for buyers. Now, protecting profits should be your main focus.
5948 next up if buyers get over 34. 5910 (weak now) 5886-88 are supports still.
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