After a sharp drop in the US markets ES is approaching very significant H4 levels and zones of potential accumulation. Managing risk on previous pivot points at the origin of noted levels.
Comment:
Daily view of ES, closing below 3224 was very significant in terms of longer term view. It creates a first lower lower in short term trend and opens up the possibility for a downtrend all the way to a weekly level at ~2950
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Daily view of ES, closing below 3224 was very significant in terms of longer term view. It creates a first lower lower in short term trend and opens up the possibility for a downtrend all the way to a weekly level at ~2950