My Bias - Am I Bullish or Bearish on ES?🤔
Thoughts on /ES🤔
As I said yesterday, fade the move to the upside! Had an incredible day yesterday, shorting near our 4625 target we had. Came right down to our pivot of 4560! We could fill some of the imbalance in price action before we head lower but we will head lower very soon if we do not take out 4630 aggressively. We will most likely see 4500/4484 soon.
Upside:
Needs to get back above 4600 and stay above. An aggressive move through 4630 to 4703 > 4718 follows.
Downside:
4560 is holding right now once that breaks we will see 4532 then 4508. If that fails we will see 4484 shortly.
“Remember, the market transfers money from the impatient to the patient!”
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Stocks We Will Be Reviewing
- FUTURES - /ES & /NQ
- STOCKS - SPY
- ETFs - QQQ (tech)
- VIX - Volatility Index
/ES
POC: 4621 / VH: 4634 / VL: 4582
/NQ
POC: 15830 / VH: 15904 / VL: 15697
SPY
POC: 452.83 / VH: 457.81 / VL: 451.54
QQQ
POC: 382.96 / VH: 384.67 / VL: 377.53
VIX
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