After breaking thru a contested 4006
Sellers made several attempts at bringing the price down. These attempts where rejected at 3969
Unable to maintain the selling pressure, buyers took the initiative and broke 4006 stablishing a High in this uptrend around 4028.
This leaves us with the Range that will be tested form 4026 to 3991.
What might determine this is the price's ability to stay above 4005. If we are seeing a small pullback we might expect a bounce here at 4005 to 4018 and an eventual 4026.
A breach of 4005 and continuation it is expected price to reach 3898 with the possibility of visiting 3990 once again.
All in all this might be a wide trading range and should be addressed according to your trading strategy.
Sellers made several attempts at bringing the price down. These attempts where rejected at 3969
Unable to maintain the selling pressure, buyers took the initiative and broke 4006 stablishing a High in this uptrend around 4028.
This leaves us with the Range that will be tested form 4026 to 3991.
What might determine this is the price's ability to stay above 4005. If we are seeing a small pullback we might expect a bounce here at 4005 to 4018 and an eventual 4026.
A breach of 4005 and continuation it is expected price to reach 3898 with the possibility of visiting 3990 once again.
All in all this might be a wide trading range and should be addressed according to your trading strategy.
Comment:
Zoomed out View
Comment:
4005 Bounce
Comment:
If you were wondering why yesterdays predictions for ES where so small then look at todays action.
We are still range bound tho I expect some movement from the Asia markets and hopefully we will leave this range behind.
Something to note we are still above 4005....
We are still range bound tho I expect some movement from the Asia markets and hopefully we will leave this range behind.
Something to note we are still above 4005....
Comment:
Failure of 4005