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ES_F e-mini 3rd May 2024

Posted on May 3, 2024 Written by Chart Prophet

This week ES failed at the 5150 Resistance (see note 04/24) and then tested the 1mn Value Area Low at 5044 (dashed grey line). Has bounced from there (a positive).

Development: overnight the Control has migrated slightly higher to 5104.0 (a positive) and this level is now Support. May be a change coming if ES now holds that Support. The 1/2R Resistance at 5150 is being tested as I write.

Filed Under: emini SP500 (ES)

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