Pre-RTH on Tuesday I wrote that ‘Monday’s Value Area was generated entirely above that level ( 6956) so I’m assuming ES is setting up for a break higher. Price back below 6956 would obviously not be welcome‘. Overnight ES very briefly (minutes) tested the Support at 6956 and pre-RTH today has rallied back above 7000. […]
e-mini 9th March 2021
Early last week there was a rejected probe of the 1mn Resistance at 3907. This is still valid Resistance. Important to note that the 2mn has migrated higher to 3831. This is the level to focus on now and is First Support. ES needs to hold that price to maintain a strong position. Stocks>50dyma Nyse […]
e-mini 8th March 2021
Early last week there was a rejected probe of the 1mn Resistance at 3907, see arrow on chart. ES declined from there and on Thursday broke the Support at 3797. However, on Friday ES recovered that Support which needs to hold if ES is to maintain a strong location. If the decline continues there is […]