ES Morning Update
On Friday at 9am, I highlighted that ES had set up for a “huge trend leg” with targets at 6038, 6045, and 6063. We reached 6060. Now, the market is building structure again.
As of now: 6055-6032 is all a consolidation zone, with 6045 as the mid-pivot. Buyers need to defend 6032-35 on any dips to keep 6063, 6072, and 6088+ in play. If 6032 breaks, expect a dip to 6024, then 6014.
As of now: 6055-6032 is all a consolidation zone, with 6045 as the mid-pivot. Buyers need to defend 6032-35 on any dips to keep 6063, 6072, and 6088+ in play. If 6032 breaks, expect a dip to 6024, then 6014.
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