ESMorg

ESMorg

For the past two weeks, ES has been forming a large flag pattern with 5864 acting as a key mid-pivot. Yesterday, I was eyeing a rally to the upper range at 5882, 5891+, and we hit 5892 overnight. As of now: Expect some complex chop. Supports are 5864 and 5855; staying above these keeps 5882, 5891, and 5896 in play. If 5855 fails, I’m looking for a drop to 5838.

ESMorg

After rallying to the 5882 target yesterday, ES spent the rest of the day chopping around 5864-65 support. This level remains the pivot/magnet of a two-week range, and we’re not done with it yet—it was lost overnight. As of now: 5843-46 is the next major support level below. If that doesn’t hold, look for 5834 and 5815. Bulls need to reclaim 5855 to rally back...

ESMorg

For the past two weeks, ES has been stuck in a range. We ran to the top of it on Friday, then sellers pulled back. I noted in plan Sunday that 5843 (or 5848 to be safer) needed to recover to push higher again—closed below it late Friday, and reclaimed at open Sunday reaching 5882+. The money has been made, hold runners. As of now: A bit of complexity today. 5865...

ESMorg

Wednesday, sellers broke below the key 5865 level and buyers back-tested it yesterday. As expected, we got another back-test today, which just hit. It’s still a solid resistance level—protect gains today and keep a runner if you can. As of now: Looking for a base to form, with 5878-83+ being the next upside targets. Supports are at 5848 and 5842; if these don’t...

ESMorg

Plan for Friday: Supports: • Major: 5842, 5825, 5805-07, 5787, 5763, 5756, 5746, 5725-29, 5711, 5690 • Minor: 5853, 5848, 5838, 5818, 5814, 5798, 5783, 5774, 5768, 5751, 5740, 5733, 5715, 5702, 5695 Overview: Today was a straightforward backtest of 5864 followed by a dip, then a return to that level, marking a typical rangebound day. We are now in...

ESMorg

Full round trip: In ES, every sell-off has been followed by a short squeeze, and we saw both play out yesterday. Once 5857 broke, shorts were triggered, and I was eyeing 5854, then 5864 on a reclaim, both of which were hit overnight. As of now: 5864 (weak) and 5855 are the key supports. If these hold, 5878 and 5886 stay in play. If 5855 gives way, 5838 below

ESMorg

Yesterday, my target in ES was 5902. That’s exactly where the high of the day was set. The pattern remains the same: rally during the day, dip overnight. As of now: 5868 is the key support and next level down. Bulls need to recover 5887 if they want to push directly back to 5902+.

ESMorg

Since Thursday, ES has been all about one level: 5892, acting as a magnet. Yesterday, we saw a failed breakdown at 5878, with targets at 5892 and 5902. We hit 5902 but sellers rejected overnight. As of now: Supports are at 5867 and 5855-57. Bulls need to reclaim 5878 to push back toward 5892+. If 5855 fails, 5843 is next down.

ESMorg

On Friday, I was targeting a rally in ES to 5915, which has been a key resistance level for several days. We hit it spot on Friday, touched it again at last night’s open, then pulled back from there As of now: 5882-78 is the support zone. We need to reclaim 5892 to aim for 5902 and 5915 again. If 5882 breaks, 5869 and 5850 below

ESMorg

Plan for Monday: Supports: • Major: 5892, 5878, 5869, 5850, 5820, 5802-05, 5787, 5770, 5752, 5734, 5710, 5683, 5676, 5657-60 • Minor: 5882, 5871, 5862, 5857, 5842, 5834, 5828, 5814, 5796, 5782, 5779, 5763, 5755, 5746, 5740, 5725, 5721, 5715, 5708-10, 5702, 5693, 5679, 5669, 5666 What I’m Watching: We are inside a broad consolidation zone from 5915...

ESMorg

Following a 70-point squeeze, yesterday was a chop day in ES. Overnight support at 5878 held right on target, and reclaiming 5892 was key to triggering the move to 5900, which we’ve now reached. As of now: It’s OPEX, so be cautious and avoid overtrading. The 5892-5902 zone is chop, but it leaves 5907 and 5915+ on the table. If 5892 breaks, look for a dip to 5878.

ESMorg

After a slow start yesterday, ES finally made its move. Yesterday’s targets were 5882 (hit), 5892 (hit), and 5902 (to backtest Tuesday’s breakdown), which we cleared overnight. As of now: Protect profits if you’re long. 5902 is key support. It must hold to keep 5914, 5918, and 5928+ in play. If 5902 fails, look for a dip back to 5892.

ESMorg

Yesterday, ES triggered its first short since October 7 by dropping below 5895. The targets were 5878 and 5866, and we’ve been sitting around 5866 all overnight. We’re now in a neutral to bearish phase, aside from any relief pops. As of now: 5866 is acting as the magnet, with 5857 as support. 5878 is the next target, with 5892 above that. If 5857 breaks, 5842...

ESMorg

It’s been pure charting 101. Last Thursday, ES built a textbook bull flag between 5815-5840. Breakout targets were 5858-60, then 5874, which we just hit perfectly. As of now: Let the runners do the work until the first post-flag sell-off. 5868 is support, keeping 5873-74 (again) and 5888-90 in play. If we drop, watch for 5838-42 below.

ESMorg

After Wednesday’s breakout, 5840-5815 became the new flag, just as expected. ES respected those levels, with 5815 tested five times and 5840 three times. As of now: No change. 5815 and 5809-11 (weak) are support levels. As long as they hold, 5829 and 5840 remain in play, with a potential breakout. If 5809 fails, 5792 next down

ESMorg

Supports: • Major: 5822-24, 5805, 5795, 5747-51, 5730, 5711, 5703, 5691, 5675, 5665, 5646 • Minor: 5828, 5815, 5810, 5790, 5780, 5773, 5764, 5757, 5740, 5725, 5715, 5686, 5682, 5672, 5657 What I’m Watching: •Tomorrow is CPI day. We’ve seen a massive rally from Thursday’s lows, breaking out of a two-week bull flag. However, as I’ve said, this isn’t the ideal time...

ESMorg

Supports: • Major: 5822-24, 5805, 5795, 5747-51, 5730, 5711, 5703, 5691, 5675, 5665, 5646 • Minor: 5828, 5815, 5810, 5790, 5780, 5773, 5764, 5757, 5740, 5725, 5715, 5686, 5682, 5672, 5657 What I’m Watching: •Tomorrow is CPI day. We’ve seen a massive rally from Thursday’s lows, breaking out of a two-week bull flag. However, as I’ve said, this isn’t the ideal...

ESMorg

For the past 2-3 weeks, ES has been bouncing between the 5805 and 5740-30 range. Yesterday, I was watching for a rally to 5805, and we hit it. Now, we’re flagging ahead of CPI. As of now: Expect more range filling for now. Supports are at 5795 and 5780 (weak). If buyers hold them, 5805, 5812, and 5819 are upside targets. If 5780 fails, look for a dip to 5769-73.