The target for yesterday in ES was 5338-42. Following the biggest day for buyers of 2024, we reached it. This area has proven to be a significant battleground/trap zone, having been tested 4x this week alone, with 20 hours spent around this level, before pushing up to the 5370s.
As of now: 5338-42 (weaker), 5328 is support. Staying above keeps 5361 and 5378+ in play. Watch for a dip to 5308-10 if 5328 fails
As of now: 5338-42 (weaker), 5328 is support. Staying above keeps 5361 and 5378+ in play. Watch for a dip to 5308-10 if 5328 fails
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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.