ESM2024 (S&P500) neutral atm, no further shorts allowed for nowWe are neutral on S&P futures after the recent drop. It is too early in the week to determine a high probability bias. We have taken out fridays high today (5058), and we might see further retracment to the upside. We are not considering a short bias on the daily chart, unless ESM2024 daily candle body closes below 4984. Until we get more insight troughout the week, we will stick to intraday scalping only.
There is potential buyside liquidity remaining at 5095 and sellside liquidity at 5006.
We will see if tomorrow gives us a setup to engage either one. As of now, I think 5006 sellside is the more likely one.
This is no financial advise! Do not risk real money on any idea published by us.
