ES BIG PICTURE

S
  • ince Oct price has been moving up on low volume
    High volume spikes on down months
    Last 3 months have been bullish price exploring new ATHs.
    Price Volume Traded showing divergence on monthly/weekly/ TF
    On daily price is moving up
    On 240 price is moving up up approaching divergence level - so expect a pullback if not reversal
    I will need to see large short orders around 3156.75 if not above Check orderbook to see where large orders are sitting
ES

FRIDAY- ES closed net long - a lot of buyers in market
Expecting these buyers to start selling to late comers to the party
Need to keep an eye on price action this coming week
-HEADWINDS-

BREXIT/ELECTION
TRUMP IMPEACHMENT PROCEEDINGS

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