The 1377 level gave way into a conversion of 1380.. highlighted in chart below is the pinch point at 1375.50. Support remains 1375. (blue line)
Though the real story is in the NQ which needs to get over 2690 to covert 2700… 2725 will signal a reversal in my opinion.. machines are watching.. they love day’s like today.
|5 min ES|
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|30 min NQ – notice the red line overhead resistance @ 2690.. u can bet the price may pinch over this level…the question is will it hold?|