After the second presidential debate, the market moved back up again. ES gapped up at open and held above the gap for a higher closing.
But it still has trouble to close above the 2165 level. The volume was very low, with US banks closed for Columbus holiday and Canadian Thanksgiving holiday.
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Today’s move should depend on the 2156-58.50 zone. As long as the price stays above it, odds should favor the upside. A break above 2168.50 could push ES up to 2172-73.50 or higher up to 2183.50-85.50.
A failure to break through it could mean ES stays its triangle pattern again, which will be a very narrow range.
Daily PMO indicator has a nasty whipsaw short-term buying signal. It could help ES to hold up or move up to 2173-72 zone.
Short-term === Neutral
MEDIUM TERM === Neutral
LONG-TERM === Bullish
Support and resistance
Major support levels: 2135-33. 2123-21.50, 2112-13.50, 2103.50-01.75
Major resistance levels: 2171-72.50, 2181.50-78.50 , 2188-90.50, 2200-01.50