ES is at the very bottom of it's daily demand zone which was tested 18 August for a 195 point move before continuing lower. while we are also near it's breakout level of 4335. If we break below the daily demand and can not reclaim, I do see us making a move to the levels below.
If we see demand step back in here for a relief bounce, I could see a target of 4420 being realistic as it was previous support before making the move lower to test the breakout level or breakout demand zone.
Thoughts?
If we see demand step back in here for a relief bounce, I could see a target of 4420 being realistic as it was previous support before making the move lower to test the breakout level or breakout demand zone.
Thoughts?