This week has revolved around one key level in ES: 5568-72, which has been lost and reclaimed four times. At 11:20 PM yesterday, it triggered a long setup from an a textbook failed breakdown, leading to a 65+ point rally—and overnight, the same pattern repeated again.
As of now:
• No change—5568-72 remains weak support
• A 5599 reclaim sets up a move to 5616, 5643+
• If 5568 fails, expect further downside
As of now:
• No change—5568-72 remains weak support
• A 5599 reclaim sets up a move to 5616, 5643+
• If 5568 fails, expect further downside
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.
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.