Large frame ranges for 2025 / 2026 -- all targets upside tapped on previous chart and current price inside 12M sell box - with esz already beyond @ 6681.
NFP revision showed employment weaker than data implied and CPI Beat 5 year expectations showing inflation not done.
Consumer sentiment showing pessimism on jobs and prices.
Market front running rate cut "relief" pricing in 3 cuts and pushing es to 4 consecutive days of new ATHs.
3d s1 @ 6621
1d macro s1 @ 6624 s2 @ 6546
Both pending bearish rotation
on esz downside rotation confirms at sustain below 6656
on esu below 8h s1 @ 6606
as of 15 Sept 11:27 ET
esu5 vol @ 861.6k
esz5 vol @ 963.1k
vol has shifted to esz5, current high @ 6681.25
price already inside 3d sell box.
1M sell begins @ 6685
n200 @ 6036
Buy boxes noted on chart, including 12M buy for 2026 and major sup levels @ 5450 and 5037
Rotation is a feature not a flaw.
2025 at roughly 140.9% of range; never be the last one out.
Appreciate the risk.
NFP revision showed employment weaker than data implied and CPI Beat 5 year expectations showing inflation not done.
Consumer sentiment showing pessimism on jobs and prices.
Market front running rate cut "relief" pricing in 3 cuts and pushing es to 4 consecutive days of new ATHs.
3d s1 @ 6621
1d macro s1 @ 6624 s2 @ 6546
Both pending bearish rotation
on esz downside rotation confirms at sustain below 6656
on esu below 8h s1 @ 6606
as of 15 Sept 11:27 ET
esu5 vol @ 861.6k
esz5 vol @ 963.1k
vol has shifted to esz5, current high @ 6681.25
price already inside 3d sell box.
1M sell begins @ 6685
n200 @ 6036
Buy boxes noted on chart, including 12M buy for 2026 and major sup levels @ 5450 and 5037
Rotation is a feature not a flaw.
2025 at roughly 140.9% of range; never be the last one out.
Appreciate the risk.
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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.