Lines on SPX500 chart are 6 points higher than I am using for ES
ES has taken a nice upward move over night but is still below the prior sessions overnight move, however is taking a hard look at trying to move higher into last weeks distribution so first target is the middle of last Friday's range and if higher will look at Friday's top as next up side target.
Will be watching how the market reacts at the red bottom and this is the spot I look for either a bounce back up or a failure back into yesterday trading range and the lows it printed yesterday.
Red bottom break is close to the point my bull bias starts to fade away.
If you like my posts please give thumbs up or post any questions or comments, I like to know every now and then my work is helping a few.
ES has taken a nice upward move over night but is still below the prior sessions overnight move, however is taking a hard look at trying to move higher into last weeks distribution so first target is the middle of last Friday's range and if higher will look at Friday's top as next up side target.
Will be watching how the market reacts at the red bottom and this is the spot I look for either a bounce back up or a failure back into yesterday trading range and the lows it printed yesterday.
Red bottom break is close to the point my bull bias starts to fade away.
If you like my posts please give thumbs up or post any questions or comments, I like to know every now and then my work is helping a few.