Hello Everyone,
Up day for the major indices with both the QQQ/SPX breaking out of their respective short term channels for a nice trade. ES made it up to highlighted (see blog) resistance zone where it found resistance and pulled back 30+ points. Since we have a break of structure short term, I'm watching for buyers to react within the newly formed demand zone (see SPY 120 in tonight's newsletter). TSLA kicks off big tech earnings tomorrow after the close.
ES Levels posted in trading community with initial support now 5038/44. (Note the Demand Zone shown on the SPY 120 in tonight's newsletter)
Please take a moment to look at the trade ideas.
