es 11-28 update ~

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CME_MINI:ES1!   S&P 500 E-mini Futures
good evening,

quick update to one of the two bear cases i posted over the weekend.
(post pinned at the bottom of this thread).


es1! has been tapping at the local golden zone quite a few times recently,
each poke results in a weaker dip which continues to get absorbed (accumulation).

there's no notable bearish divergence present for now,
in fact, we printed a hidden bullish divergence near the end of today -
which validates in my mind that we're going to go higher.


>watching 3910 as a local bottom into wednesday,
>which is a heavy area of demand + a window of algorithmic confluence.

>upside target from there sits at the original 4130 level,
>with a slight chance to expand to 4190 if things get heated into the end of this year (short squeeze).


ps. it's also possible that we've topped,
but i personally have reason to believe that we haven't (for now).


posts which led to this one


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