On Friday, after breaking below 6104 support, ES delivered a rare trend day. This set up a rally to kick off the week, with a reclaim of 6042 acting as the long trigger around 6pm. The first target of 6068 was hit exactly.
As of now:
• Hold the long runner.
• As long as the market stays above 6042, 6068 again, then 6092 and 6104 next up, and the bullish move remains intact.
• If 6042 fails, expect a dip toward 6020.
As of now:
• Hold the long runner.
• As long as the market stays above 6042, 6068 again, then 6092 and 6104 next up, and the bullish move remains intact.
• If 6042 fails, expect a dip toward 6020.
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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.