CME_MINI:ES1!   S&P 500 E-mini Futures
Tomorrow is a key and pivotal moment for ES and the rest of the market…a good reaction to NFP tomorrow morning and we change trend moving forward, but a bad reaction and this likely starts the next leg lower. You can take a speculative short w small size here and target 4000 with a stop loss above 4110. Preferably i prefer to wait until the reaction and react accordingly. If we break the trend we likely head to 4300 area before years end. If we break 4000 then 3950 is on the table minimum, and we can possibly test lows in the next few months. I am inclined to lean bullish based on Dow already breaking its TL and making a higher high, plus high yield bonds breaking its trend as well as yields and DXY as well…which has marked major lows in the past

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.