CME_MINI:ES1!
Reasons to remain short :
1. Trendline since the 2022 top is holding down.
2. 200 day moving average is acting as resistance
3. Recent top of 4035 perfectly aligns with the Fib retracement level
4. Today's bearish engulfing candle took off 4 daily lows
Immediate target will be to test the high volume node around 3860. With potential of breaking...
Potential 3 Bar Play (Courtesy Jared). Big green igniting bar followed by a narrow range bar above the 50% retracement. If it hold above 27.90 today, good entry for long will be above 28.70 with SL as todays LOW (hopefully around 28 or 27.9) Target up to 30+
95 million volume in a day - its either people dumping shares before earning or this is the end of its bottom. SL 20.5 Long around 23.5. Target 30 and 36 NYSE:DAL
