For the past two weeks, ES has been forming a large flag pattern with 5864 acting as a key mid-pivot. Yesterday, I was eyeing a rally to the upper range at 5882, 5891+, and we hit 5892 overnight.
As of now: Expect some complex chop. Supports are 5864 and 5855; staying above these keeps 5882, 5891, and 5896 in play. If 5855 fails, I’m looking for a drop to 5838.
As of now: Expect some complex chop. Supports are 5864 and 5855; staying above these keeps 5882, 5891, and 5896 in play. If 5855 fails, I’m looking for a drop to 5838.
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