Hello Everyone,
We finally saw a decent pullback today into fresh demand and then bounced. However, the move down today created change in short term structure as it broke below a previous low so unless the bulls are able to take out the recent highs, look for a possible re-test of today's low. Now, more importantly, I view the current pullback as a minor retracement with the targets below still remaining valid. So IF the market obliges with another dip, I will be looking to accumulate. Opex week can produce whipsaws.
ES Levels Posted in Trading Community
ES has targets at 6195/6212 and 6238/49 Zones if breakout is established (subtract 21 points for SPX)
Please take a moment to look at the trade ideas.