Nothing changed yesterday. ES still traveled inside last Friday’s range. Both resistance and support are holding. It just kills time and waits for everyone to get back from their summer vacation.
Today could be the same as yesterday’s move. It may try to shake out the weak hands on both sides. We may see a repeat of recent activity: Algo systems take a few trades, run few stops, then stop and reverse again.
This section contains the detailed buy/sell levels for Tuesday. It is reserved for Daily and Full Access members.
You can get instant access to this valuable information and much more. Follow this link for the details.
Hi . Read or download the full trading plan here:
2186.50 to 2172.50 range has been holding in the past few days. The expansion range could be extended from 2205 to 2145. Today we may see a breakout move. But an upside breakout is likely to be fake due to the short-term overbought condition.
Short-term === Bullish
MEDIUM TERM === Bullish
LONG-TERM === Bullish
Support and resistance
Major support levels: 2162-64, 2152-54, 2120-21, 2112-14.50
Major resistance levels: 2193.50-90.75, 2195.50-97.50, 2202.50-05.50