/ES: Setting up for a Potential Move up From Support Zone
Updated
The Futures market went down a lot after the CPI release and stopped at a congestion zone which may act as a support level. If it does, I think we could at least recover the $4995-$5000 area, which could be good for Bull Put Verticals
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While it did wick to the extremes of the support zone, it managed to hold the trend and the support at the end of the day and printed a Bullish Hammer which may now mark the start of a reversal for the rest of the week. As a result, I have held on to the Bull Put Vertical Spreads.
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