Emini! (ES1!) : 2 areas of potential bullish reactionPrice could dip into discount, mitigate some 4H zones and then go higher.
Wait for confirmations before going long. GLGT.
Emini
Bulls and Bears zone for 06-02-2021ETH High this morning is same as Fibonacci 38.2% level of yesterday's RTH session.
Any test of ETH High could provide direction for the day.
Level to watch 4206 --- 4204
Report to watch:
US:Beige Book
2:00 PM ET
Bulls and Bears zone for 06-01-2021Market has rallied close to ATH during ETH session which could bring out sellers.
Any test of ETH High could provide direction for the day.
Level to watch 4225 --- 4227
E-mini possible double top ES looks like momentum has stalled on the weekly. Looking for a rejection lower on the daily
Bulls and Bears zone for 05-27-2021It seems that Bulls are in control this morning after testing yesterday's Low during ETH session.
As long as Bulls can defend yesterday's Close, could expect this rally to continue.
Level to watch 4197 --- 4195
Report to watch:
US:Pending Home Sales Index
10:00 AM ET
US: EIA Natural Gas Report
10:30 AM ET
Market Structure with Volume Profile for Zero DTE trade SetupsTry out our Zero DTE strategy using options the last day of expiration on the S&P index and futures.
Bulls and Bears zone for 05-26-2021Market has been trading within a range during ETH session.
Bulls will have to defend yesterday's Close, if they want to continue pushing the market higher.
Level to watch 4199 --- 4197
Report to watch :
US: EIA Petroleum Status Report
10:30 AM ET
Bulls and Bears zone for 05-25-2021Yesterday's rally seems to have carried over to ETH session.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4208 --- 4206
Reports to watch:
US:New Home Sales
10:00 AM ET
US:Consumer Confidence
10:00 AM ET
Bulls and Bears zone for 05-24-2021Currently, market is trading around High of last week, perhaps, Bulls are confident.
Any test of ETH High could provide direction for the day.
Level to watch 4176 --- 4174
Bulls and Bears zone for 05-21-2021ETH session, Market has been trading above yesterday's Close. Perhaps Bulls are in control.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4170 --- 4168
Reports to watch:
US: PMI Composite Flash
9:45 AM ET
US:Existing Home Sales
10:00 AM ET
Bulls and Bears zone for 05-20-2021Yesterday market tested last week's Low and bounced.
ETH session seems to have same momentum once it tested Fibonacci 50% level of yesterday's RTH session.
Level to watch 4110 ---4108
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 05-18-2021During ETH session market has been trading complete opposite of yesterday's RTH session.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4162 ---4160
Bulls and Bears zone for 05-17-2021Market has been trending downwards during ETH session but has not been able to breach below Fibonacci 38.2% level of Friday's RTH session.
For this rally to continue Bulls will have to push above Fibonacci 50% level.
Level to watch 4154 --- 4152
Report to watch:
US:Housing Market Index
10:00 AM ET
Bulls and Bears zone for 05-14-2021Yesterday market closed in green at Fibonacci 50% Level and positive sentiment stuck around during overnight session.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4104 --- 4106
Reports to watch:
US:Business Inventories
10:00 AM ET
US:Consumer Sentiment
10:00 AM ET
Bulls and Bears zone for 05-13-2021Overnight session High and Fibonacci 38.2% Level of yesterday's RTH session is around same area.
Any test of ETH session High could provide direction for the day.
Level to watch 4077 --- 4075
Report to watch:
US: EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 05-11-2021Since yesterday's sell off, market has continued to do so during ETH session.
Any test of ETH Low's could provide direction for the day.
Level to watch 4132 ---4130
Report to watch:
US:JOLTS
10:00 AM ET
Bulls and Bears zone for 05-10-2021Market has been trading in a range during ETH session and testing Friday's High.
Any test of Friday's High could provide direction for the day.
Level to watch 4230 --- 4232
Bulls and Bears zone for 05-06-2021Market has been trading within a range all week so far and today's ETH session is no exception.
Any test of yesterday's Close could provide direction for the day.
Level to watch 4160 --- 4158
Report to watch:
US:EIA Natural Gas Report
10:30 AM ET
Bulls and Bears zone for 05-05-2021Market has rallied to yesterday's High during ETH session and we could see similar trading as yesterday.
Any test of ETH High could provide direction for the day.
Level to watch 4174 --- 4172
Reports to watch:
US:ISM Services Index
10:00 AM ET
US: EIA Petroleum Status Report
10:30 AM ET
Bulls and Bears zone for 05-04-2021Since market is trading considerably below yesterday's Low, then Fibonacci 50% level of ETH session could become next resistance.
Any test of Fibonacci 50% level could provide direction for the day.
Level to watch 4171 --- 4169
Report to watch:
US:Factory Orders
10:00 AM ET
Bulls and Bears zone for 05-03-2021It seems Bulls were active during ETH session, for this rally to continue Bulls need to defend Friday's Close.
Any test of Friday's Close could provide direction for the day.
Level to watch 4181 --- 4183
Reports to watch:
US:PMI Manufacturing Final
9:45 AM ET
US:ISM Manufacturing Index
10:00 AM ET
US:Construction Spending
10:00 AM ET
