It has been 10 days of SW movement, and no clear indication as to where the ES will breakout to. It has been mixed, the supply level has been tested multiple times and buyers cannot seem to pick up its momentum to break this to ATHs. In this 240min chart we can observe a bearish divergence between price and volume (price is giving us Higher Lows but Volume is giving us Lower Highs). This indicates Weak Demand, although price continues to rise, volume is not confirming the rally to the upside. My personal bias is that a new ATH will occur and therefore I am Bullish but not heavily bullish. More of a cautious bull right now. If the ES has enough momentum to break the Swing Pivot High, which is the ATH of 4238.25, it has some potential to run towards the 4300 are. With the sky clear once it breaks that price point, some areas where price can slow down is around 4300, not only is it a fibb extension but it is a nice psychological round number. If price does break and closes above 4238.25 the Primary uptrend will be confirmed to resume. #TTP #TrustTheProcess
Price Targets if the ES accomplishes to close above its ATH of 4238.25
1 - 4300
2 - 4339
3 - 4385