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HollowMn

#ES_F 2.15.22 Overview and Levels to watch

S&P 500 E-mini Futures (CME_MINI:ES1!)  
HollowMn  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Chart Patterns Beyond Technical Analysis S&P 500 E-Mini Futures ES es_f esmini futures futurestrading tradeidea
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trendanalysis chartpattern beyondta es1! es es_f esmini futures futurestrading tradeidea
In Globex we had a break out from Mondays Value and we are currently in our T+2 Range which is Friday. Today during RTH we will want to monitor and see if we will get a continuation and test the high of settlement, fail and come back in or if we found our next temporary balance that we need to fill in before next move. Globex is in double distribution and here are the levels I will be watching today. On the Upside we have 4465.25-4460.25 as our PM resistance and 4479.75-4475 as our KEY Intraday Resistance, if broken and we can build value over we can see 4490-4487.25, 4497.25-4494.75, 4508.75-4505.50 and bigger area of resistance and Friday High at 4524.25-4519. On the downside we have 4437.75-4432.50 as our upper distribution support and our Key Intraday Support at 4424.50-4418.75. Holding under the distribution support will be our first sign of weakness and if we break and hold under the Key Support then we can see a test of 4405.25-4403, 4392.25-4389.75 and bigger area of support at 4378.50-4374.75. Another option I will be looking at is after this big move in globex we need to digest and can stay between 4424-4480 before it makes next move.
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