Daily ES1!

CME:ES1!   None
157 0 0
After a rather normal correction back to the 38.2 Fib (1734.50) and our '1st stop' target. I am expecting an ultimate move back down into the OTE             long sweet spot zone (in and around 1639). Momentum studies are strong at the moment so will wait for them to roll over before considering shorts in earnest. Having said that, we are at the OTE             short sweet spot so shorts here do makes some Fib sense. Risking against old highs would be warranted if shorts are to be considered
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