S&P500 Forecast-ed Move for this week.
ES 12-14 reached 2030 completing the forecast-ed move published at beginning of the week. There is good probability for the market to reach the second boundary 2048-50 today or early next week. So sell stop loss can be moved now below 2028-30 level until the next target is reached either today or next week.
For the short entry the important question is, this week is the projected turning point for S&P to sail down for couple of week however, the top seems to be skewed to the right one weekly bar.
The confirming zone will be 2028-31 if the price closes below it.
ES 12-14 reached 2030 completing the forecast-ed move published at beginning of the week. There is good probability for the market to reach the second boundary 2048-50 today or early next week. So sell stop loss can be moved now below 2028-30 level until the next target is reached either today or next week.
For the short entry the important question is, this week is the projected turning point for S&P to sail down for couple of week however, the top seems to be skewed to the right one weekly bar.
The confirming zone will be 2028-31 if the price closes below it.