ES Globex Range 4633-4681.75 Bounce attempt

    Posted by steve on 10th of Jan 2022 at 08:55 am

    ES Globex Range 4633-4681.75

    Bounce attempt overnight fails and ES now back below its 50 day MA  - Onus remains on bulls as stated 

    Bulls would need to recapture lost support at 4650 for starters to garner some short covering.   Next support below 4605 (minor) then 4580-85 

    ES lost big support overnight

    Posted by steve on 10th of Jan 2022 at 10:16 am

    ES lost big support overnight at 4650 and now headed straight down to test next support posted pre-market (4580-85). 

    Next support on ES 4555

    Posted by steve on 10th of Jan 2022 at 10:51 am

    Next support on ES 4555 then 4510 if it continues lower 

    Steve, looks like the largest

    Posted by rfa300 on 10th of Jan 2022 at 11:01 am

    Steve, looks like the largest SPX bounce so far today was 13 points. Is there a guide as to how many points above a range to be considered a break in symmetry? Thanks.

    Thanks Steve. Nice report last

    Posted by rfa300 on 10th of Jan 2022 at 10:21 am

    Thanks Steve. Nice report last night and glad you're doing better!

    61.8% fib is 4640 area.

    Posted by timebandit on 10th of Jan 2022 at 09:15 am

    61.8% fib is 4640 area. There is also the 4627 ATR on the KISS chart. Not sure how much those levels will matter

    A lot hinges on 374

    Posted by arun on 10th of Jan 2022 at 09:17 am

    A lot hinges on 374 level QQQ. I think we will atleast see a reactionary bounce after that who knows

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