If you followed our rare trade idea yesterday evening you were rewarded with profits at 1418.
WE are looking for a move over 1408.25 to carry the ES into 1418-20, either tonight or tomorrow. If es fails to move over the metric refer to the above paragraph about what happens under 1399.
The S&P futures have failed 1314 again with 1410 being tested as the evening gets going….. Really makes no logical sense beyond noise creation to sell the sell off the risk complex when no major global markets are open. Globex, you really are something else, a few million bucks can reprice a trillion dollar market overnight. You figure it out.
anyway below 1410 we revisit 1406.50… over 1408.75 we will see 1410, how i trades once we get to 1410 should dictate the next snapshot.
|15 min ES.. notice the white dot under the V break under pink support.|
|Focus on the red rectangle in the above chart.. Pink line resistance on the 4 hour @ 1412.50|
if price can break through red rectangle……. a similar squeeze to last might follow.