Yesterday’s target was around 6070, originating from Thursday evening’s big failed breakdown at 5918 in ES. We hit that level and sold off. Around 4pm yesterday, ES formed another mini-failed breakdown at 6016, up about 10 points so far.
As of now:
• 6016 is weak support.
• Holding above keeps 6043-46, 6066, and 6087 in play.
• If 6016 fails, look for a selloff toward 5997.
As of now:
• 6016 is weak support.
• Holding above keeps 6043-46, 6066, and 6087 in play.
• If 6016 fails, look for a selloff toward 5997.
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