Overview of MA's and BB support and resistance on the ES Futures. We've held the monthly, weekly and daily BBs, the Monthly 50ma, and the weekly 200 ma. I'm leaning bullish for the week but a sell off first is entirely possible and then we have to get over the daily 18ma sitting at around 3690. Good luck!
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some possible pullback targets
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18ma reached, objective short entry. I expect a pullback and it may be dramatic into tomorrow.
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maybe this before more upside. WIll update if it's wrong
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potential shorting opp on futures. I'm a wee bit short, won't hold if it looks like they will close above 18ma
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they are holding it up, but I still feel it's a sell. Will exit shorts on a close above 3700.
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watching this pennant - it's got obvious trendlines. watch for false breakouts either way.
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false breakout and again rejected at the 18ma, bearish so far.
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they are holding on but I still expect a sell down to create the B leg before the larger move up into the end of the month. still short for short term trading but bought some long term stock today in case my thesis is wrong.
This looks like a squeeze market. BTC hit 1D MA50 resistance (watching that level). ES1 hit 1D Mid BB (watching that level).
the_sunship
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@peterbhc, i expect another bull trap here, but we'll see. I do think we're "bottoming" and it's whipping as many out as possible before the real move up. Over 3700 on the daily would be very positive for bulls.
Faux_Pas
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Good morning! Thanks for sharing. Hope you have a great week.