Yesterday, the plan for ES was straightforward: rally to ~5755 (adjusted for the June contract, previously 5703 on March) to back-test the 3-month megaphone breakdown from last Monday. The market followed through with an 88-point rally to that level before selling off.
As of now:
• 5720 (reclaimed) and 5698 are key supports
• Holding above keeps 5739 and a second test of 5754 in play
• If 5698 fails, look for selling pressure toward 5668
As of now:
• 5720 (reclaimed) and 5698 are key supports
• Holding above keeps 5739 and a second test of 5754 in play
• If 5698 fails, look for selling pressure toward 5668
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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.