Looks like the action is calling for higher levels again, and yes we are do for a retrace however I need to see some price action that tells me it wants to happen until then have to remain bullish. I think today opens in yesterdays range and may or may not move higher today. So far this market has moved then digested then moved so today could be a day of digestion. If so then boundaries have been marked on the chart.
If we do move out then a new ATH is expected and also levels much higher into some targets of 3001, 3014, 3051
to get ES numbers add 3 to the values presented in this post.
If we do move out then a new ATH is expected and also levels much higher into some targets of 3001, 3014, 3051
to get ES numbers add 3 to the values presented in this post.
Comment:
So far looks like the overnight high and low will be the watch area for the choppy containment
Comment:
So far been contained inside the overnight very well, this is a 7 point range so trade expectations need to be kept small at this point