Daily Morning Update: ES levels and targets Oct 16th
Yesterday, ES triggered its first short since October 7 by dropping below 5895. The targets were 5878 and 5866, and we’ve been sitting around 5866 all overnight. We’re now in a neutral to bearish phase, aside from any relief pops.
As of now: 5866 is acting as the magnet, with 5857 as support. 5878 is the next target, with 5892 above that. If 5857 breaks, 5842 next will be next down, with 5830-33 as the next zone to watch.
As of now: 5866 is acting as the magnet, with 5857 as support. 5878 is the next target, with 5892 above that. If 5857 breaks, 5842 next will be next down, with 5830-33 as the next zone to watch.
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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.