#ES 06.23.22 Daily Overview with Levels to Watch

Globex inventory got short at T+2 low area we corrected and saw the high tested, so far we are correcting back towards the close before the open. Question today is do we have all the supply to get over T+2 High, Previous day high and push higher? Or will we fail to get over and come back in to test T+2 low and previous day low? Powell speaking at 10 so watch out.

-- On The Upside: Holding above 3764.75-3760.50 is a sign of strength and can give us a test of upper levels at 3780.50-3776.75, 3791.75-3787.75 Which is our T+2 High area and level to Watch for Continuation, to really get more upside
we will need to get over that and Previous day High and our Key Resistance at 3809.50-3805.25. If we do get over that then watch out for higher levels to test.

-- On The Downside: Holding below T+2 high and getting under 3780.50-3776.75 can give us a test of Key Support at 3764.75-3760.50 if that breaks we have 3747.50-3744.75, T+2 low area around 3728.75-3725.25 and Previous day Low
with another Key Support at 3714.75-3709.75. If this area breaks and we accept under then Lower levels and last weeks lows can be in reach.

** Key Areas To Watch: 3809.50-3805.25 // 3791.75-3787.75 // 3764.75-3760.50 // 3728.75-3725.25 // 3714.75-3709.75

Comment:

If we fail to take out High and reach the low, can also have an inside balanced day as another possibility as we see the buying is not so strong to take us over last few days but also cant sell off for now. Need to be open just in case for that as well.

Comment:

Well took almost two hours and lots of violent chop but we failed at T+2 High area and now will be watching 3764.75-3760.50 for continuation if we get anymore downside or stay in range.

Comment:

Found buyers before at T+2 Low and failed to accept under 65-60, lets see if they have enough juice to run higher today