ESMorg

ESMorg

CME_MINI:ES1! 5519 has been the most important levels for the past 3 trading sessions. For today though, 5519 is support currently after reclaiming. Buyers staying above it keeps 5531-32, 5542, 5557 in play. 5519 ever fails, we dip back to 5512-09.

ESMorg Updated 

All Friday in CME_MINI:ES1! , I posted about 1 support level…5519. We held it to the tick Friday. We retested last night exactly again, and bounced. Lock in overnight gains if you have them As of now: No changes from Friday .5528-29, 5519 (weak) are supports and must keep holding to keep 5542, 5560 in play. 5519 fails, sell to 5509

ESMorg

Excellent follow through from buyers. And this is charting 101. Tuesday here, I pshared that ES is bull flagging for rally to 5567, 5575, 5585-90. We just hit 85-90. All bonus now for buyers from here. As of now, 5575-76 (weak now), 5560-62 (weak) are supports. Buyers must hold above to keep 5595, 5610 in play . we sell if 5560 fails. CME_MINI:ES1!

ESMorg Updated 

CME_MINI:ES1! NYSE is closed & ES closes at 1pm - no volume today, dont overtrade. Yesterday, ES was bull flagging to set up a push to 5564, 5575+. Patience paid & we hit 5564. Been basing here since. As of now: Lock in those gains here, hold runner and keep it a risk free day. 5560 is support. Keeps 5576-78, 5585+ in play. 5560 fails, dip to 5549

ESMorg Updated 

For the past few days I've been saying CME_MINI:ES1! is stuck in a range between 5342-5372. After a final failed breakdown of it yesterday that triggered longs, buyers broke us out the range finally. Size down now before CPI…protect your capital. Wait for traps. 5396, 5408, 5421+ next in play for buyers. 5363 lowest must hold on any CPI dips, or we sell

ESMorg

We have both CPI and FOMC this week on Wednesday. As always, we can only take things level to level, and trade the structure and price in front of us. There was lots of price action Friday, but ultimately to go nowhere and remain stuck in the same range. I consider this range to be 5372 to 5342 still, with a couple traps above the zone and below the zone....

ESMorg Updated 

After buyers broke us out yesterday, ES is now basing right off the uptrend channel sellers tried to leak us from June 3rd (5370). This is very typically after a trend leg/breakout, as after these play out, longs are risky (due to chasing), shorts are risky (against the trend), so this causes a very high chance of chop the day after. And that's exactly how today...

ESMorg

Just a quick entry setup recap in the midst of today. Overall, we are still basing within the range I posted Saturday though. CME_MINI:ES1! CME_MINI:MES1!

ESMorg

CME_MINI:ES1! Broke out a 1 month flag on May 6th (in white). This pushed us to all time highs and now the spot buyers want to get over for next week is the 3 month megaphone resistance at 5349 area (in green). Get above there and buyers can push for 5374. If sellers want to dip us this upcoming week, it can start on the fail of 5302. which will target 5274...

ESMorg

Plan for Tuesday: supports are 4949, 4940-42 (major), 4936 (major), 4925-27 (major), 4921, 4914, 4909, 4904 (major), 4898 (major), 4891, 4887, 4883, 4877-75 (major) I am holding my long runner from 4903-05 still. We had the much awaited large breakout leg today, so yall should know what i’ll say next. My job as a trader is to position for these type of big moves....

ESMorg Updated 

FOMC WEEK‼️ Plan for Monday: Supports are 4914 (major), 4912, 4903-05 (major), 4897 (major), 4892, 4880, 4875 (major), 4861 (major), 4857, 4846, 4836-39 (major). I am still holding 1 runner from Wednesdays late day 4891 bounce. 4925 to 4897 remains a brutal, complex chop range and it will only get trappier the longer we stay inside it (before the inevitable...

ESMorg

Plan today: 4537-45 is all a resistance zone. So be careful up there. 4515 support for right now. Sellers MUST fail 4515 to see downside to 4505-00 area, 4493. 4545 clears with volume, we running to 4560-65 direct