ES1! Continues Squeeze Up to 4000+
ES1! has reclaimed a daily fib level and looks to be making another run into the 4000's.
Key Fib daily resistance zone between 4149 and 4243.
Also, falling broadening wedge upper trendline is currently slicing through this area, so seems a likely target for price action to reach and find first area of resistance. 3 Day MACD also has crossed bullish.
DXY is currently bearish retesting a symmetrical triangle. Follow through to the downside would give ES the juice to squeeze to these levels.
Cheers!
Key Fib daily resistance zone between 4149 and 4243.
Also, falling broadening wedge upper trendline is currently slicing through this area, so seems a likely target for price action to reach and find first area of resistance. 3 Day MACD also has crossed bullish.
DXY is currently bearish retesting a symmetrical triangle. Follow through to the downside would give ES the juice to squeeze to these levels.Cheers!
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