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Emini

#ES_F 2.17.22 Overview and Levels to watchWe spent two days in this value area with two failed break outs and one failed breakdown. We are bound to make a move out so lets see where can we head if we do. Today we have 4465.25-4460.25 as PM Resistance and 4479.75-4475 as our Key Intraday Resistance that we need to see break and hold to get upside into 4490-4487.25, 4497.25-4494.75, 4508.75-4505.50 and 4524.25-4519 as our next big area of resistance. On the downside we do have all this inventory between 4440-4480 that if gets no upside then we can see it start selling out and level we are watching are 4445-4437.75 as our PM Support and 4424.50-4418.75 as our Key Intraday Support, breaking PM support is first sign of weakness and getting under the Key support leaves the doors open for 4405.25-4403, 4392.25-4389.75 and 4378.50-4374.75 as our next level where we should see good support unless we break that and 4362.75-4345.25 level then we can see more downside into 4349.50-4345.25 and our bigger support and gap fill at 4327.25-4321.50 area.
CME_MINI:ES1!
by HollowMn
$ES_F 2.03.22 Overview and Levels to watchOur globex inventory is 100% short, yesterday end of day move wiped out all the buying we had in RTH and trapped supply over 4550 so what can we expect from it today? Its a lower volume week with sellers above 4590 and buyers below 4520 which is why we are getting this chop order from that takes everyone's money, have to be patient to trade this. On the down side we have 4524.25-4519 as our PM support and holding below it would be our first signs of weakness, we have 4508.75-4505.50 as KEY intraday support if broken can see 4497.25-4494.75, 4490-4487.25 and if enough supply can test 4479.75-4475, all those areas might have responsive buyers when we hit them as we have people short who cover when we come down. On the upside if we continue to hold over PM support we have 4536.75-4532.50 as PM resistance and 4551.25-4548.75 as our KEY resistance that need to be broken if we want to see 4570-4562.50, 4589.50-4584.75 and 4603-4598.75. It might be a small range low volume day so have to manage your expectations.
CME_MINI:ES1!
by HollowMn
Emini Elliott Wave Possibilities. Right now the Price Action is hitting many markers for an impulse move from the High. All of the notes are for the bearish impulse down, but time is running out for this sideways Wave 4 move, its getting a bit big in relation to the Wave 2. A break above 4478 would have me a bit suspicious if it is still a valid impulse, though 4572 is the official invalidation. Indicators are pointing towards a possibility of more down as well. A price drop below the current low with divergance on the indicators, would lend toward the possibility of a completed impulse and a move up. MO
CME_MINI:ES1!Short
by CryptoKnee