ES1! - US500 Hourly Ranges
Updated
Currently trading at the bottom of the range, made a new 2022 low today. Clear RSI bullish divergence into support - expecting a relief rally to at-least mid range.
Further out - I'm expecting ES1! to continue making lower lows once the channel is broken. Expect high volatility into each fed meeting, we know what kind of environment we are trading, make your trades accordingly.... don't swim up current.
Further out - I'm expecting ES1! to continue making lower lows once the channel is broken. Expect high volatility into each fed meeting, we know what kind of environment we are trading, make your trades accordingly.... don't swim up current.
Note
Really not liking price action weakness at support. Still an hourly bullish divergence on the rsi. Could be a deviation of support, but seems like bulls are having a heck of a time turning this around.
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