Closing update #ES_F: Not much to do now or for the rest of the week. Ride your runner. Bullish structure, bullish seasonals, massive Failed Breakdown at 7
Yet again, nobody should be shocked where #ES_F is: 5630. This is the 25th test in 2 weeks. 5585-5650 is the 2 week flag, with 5630 mid-magnet. The most stubborn level this year. Don't overtrade today before a long weekend
No change: 5620, 5611 (Held). They keep 5650 live today
There's 5528 next target up tagged in #ES_F. 5474 was key support today to keep 5511, 5519, 5528+ live. We held 5474 twice, and just tagged 5528. Anymore today is all bonus now, and would tighten stops on runners
If ES wants to stretch more, 5536, then 5552 heavy res is next
Clean follow through in #ES_F and Deja Vu from yesterday as we work up the targets. 5474 was key support today, with 5511, 5519, 5528+ targets.
5474 held twice, 5519 just hit. Lock in partials, hold runners, its all bonus here 5528, 5552 next magnet if ES wants. 5498=support now
There's 5528 next target up tagged in #ES_F. 5474 was key support today to keep 5511, 5519, 5528+ live. We held 5474 twice, and just tagged 5528. Anymore today is all bonus now, and would tighten stops on runners
If ES wants to stretch more, 5536, then 5552 heavy res is next
@SuperHumanEpoch Your likely overcomplicating it a little, just have to take profits level to level (which is not hard to do at all. Takes no skill, just a little bit of discipline). The whole point of level to level is to not be shaken out in volatility.
Closing update #ES_F: Biggest red day since March 2023 and down 155 points from yesterdays 5630 backtest. 5474 was next down as posted, we hit it exact and +15 now. 5511 next up, bulls need to reclaim to squeeze. Newsletter out soon talking setups tmrw https://t.co/bCXqlRuWH6
Closing update: Full round trip day. 5342-5372=the pre FOMC flag. We failed broke down support this morning, ran to res, pushed out to 5378 1st up. 5390, 5408 next if #ES_F wants, but lock in part gains here. Newsletter out soon talking how I'm trading FOMC https://t.co/PTgRMv3cWi
Yesterday, my final target for the day was 4135, and we hit 4135.25 high of day then #ES_F based below all night. Futures close early 9:15, with NFP @ 8:30. Low liquidity traps likely
Bulls ideally want to hold 4118 on dips which keeps 4142-47, 4165 in play. Leg down below 4090
4135 target just hit in #ES_F. This was final target for today off 4098 support for ~35 points. 4147 next up if ES wants it, but anything else bonus here
NFP tomorrow then CPI next Wednesday. Ideally, ES can base under 4150 until then before trying next leg up. 4100 must hold