UPDATE : ES did exactly as planned for the week. There is nothing telling me that a new ATH will not occur. A break of Resistance at 4211 will create Breakout traders to come into the market and buy the breakout. Beware B.O traders this might be a fake-out and trap you ! It may stall at the 127% extension at 4216 to some profit taking! I will be waiting for the throwback to the newly formed level of demand at 4203 once it breaks 4211 (NOT A VALID LEVEL UNTIL PRICE CLOSES ABOVE 4211). Stay safe traders and investors and lets see how the first week of May ends!
4203 Demand level has been activated. Sellers got shaken out and although there was a minimal stall at the 127% extension area. There was no problem for it to slash to new ATHs. Look for a throwback towards the 4200 area.
Trade closed: stop reached
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STOPPED OUT, part of trading. This is a probability business NOT CERTAINTY. Wash, rinsse, repeat. #TTC #TrustTheProcess
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Keep up the GREAT work!!