ES Morning Update Feb 5th
After a noisy start earlier in the week, ES has settled into a consolidation phase. Yesterday’s strategy was simple: as long as 6020 remained intact, 6066 was the target. The market surged to 6066, held throughout the session, and then retraced back to 6020 overnight.
As of now:
• A reclaim of 6037 should push the market toward 6056, with a brief dip along the way
• If this rebound holds, targets are set at 6076 and 6087+
• A leg down is expected only if the price falls below 6004
As of now:
• A reclaim of 6037 should push the market toward 6056, with a brief dip along the way
• If this rebound holds, targets are set at 6076 and 6087+
• A leg down is expected only if the price falls below 6004
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