ES closed the week close to 2750, key resistance that held all week after Monday's drop.
I will be looking for short entries close to VAH and 2750ish going into next week. A strong break of Friday's +3 VWAP STDEV (2751) would tempt me into longs, but I probably wouldn't feel great about it at that price until we shoot past 2755...would need quite a bit of...
ES got a nice bump at the end of the session due to some China news (I think). Not sure this will be sustained into tomorrow though.
Watching 2750 above which has served as key resistance all week. VWAP closed at 2705, and I want to get in long below, short above ideally. A strong bounce of the VWAP close or through 2750 will likely get me into longs now. Whole...
New monthly low today. Trying to get into shorts as close to VAH as possible. Will consider longs at VAL, yesterday's low and the -3 VWAP STDEV...or 2655ish below. 2752ish is the key resistance level to watch. It has held since Monday's US session.
Not a drastic change in support/resistance levels since yesterday. Still looking for potential shorts around 2750, although I might also take a stab at around 2735 should short momentum support it. Might consider longs at yesterday's VAL (2725ish) and around 2710-15, but I am watching the November low below that too. If that breaks...yeah...poor bulls.
Looking...
Well, bears were clearly in the driver's seat today. Let's see if they can sustain this into tomorrow.
Interested in shorts somewhere between the VWAP close (2750) and today's VAH (2757.5). I guess a long stab around today's VAL (2722) wouldn't be horrible if price action supports it. Also watching today's -3 VWAP extension around 2710 and of course the round...
Want to get in below 2783 for longs, above for shorts. Gonna watch Friday's VAH/VAL going into Monday.
If we make it past Friday's VAH, I'm gonna keep an eye on the round 2800 and the November high. Around 2760 was the area where Europe opened on midterm day. 2745 was the Asian low on that day.
Just gonna watch price action at those zones. Bulls need this back...
Markets still overbought. Lots of uncertainty still looming. Last few days of pumping was probably distribution. Our flagship Apple is crashing, Markets will follow. Based on Fractal analysis, I think we see a double bottom at the minimum from the February Lows. SP:SPX
Try to get in below 2914 for longs, above that for shorts. In the short term, I'm watching 2917 and 2911ish. Let's see if it takes another shot at the ATH.
