As predicted in my prior post, ES/SPX is approaching downtrend resistance. Confluence appears to be around 4125 for T1.
In this current cycle, look for 4065-75 for this impulsive move. Buying opportunities exist back around 4025. Failure of 4025 opens the door to retest 3945.
Good luck.
In this current cycle, look for 4065-75 for this impulsive move. Buying opportunities exist back around 4025. Failure of 4025 opens the door to retest 3945.
Good luck.
Comment:
ES Finished it's move higher to the confluence of 4128. It's initial target took out the wedge bottom of 3945 before trending lower. It's currently en route to 3750, but will likely take a breather in the coming days to retest 3925 area.
