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AlphaTradersInc
Mar 28, 2022 2:56 AM

ES_F The Dip Before the Rip to 4700 Short

E-mini S&P 500 FuturesCME

Description

Looking for a week to let out some fluff and find new buyers going into the first full week of April before another sell-off down to 4100 possible 4000 before April is over. I do think it seeps into May where we may get another jump up towards the end of April, but we will see where we are at with rate hikes, inflation, etc. For now, I am eyeing 4380 as the weekly low and to buy against going into next week for an eventual move back to 4750. It may take a few days to get the fluff going, but should be a nice short once it hits. High side is 4565, low side 4380.
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