ES Found stiff resistance at 4135-40 level and pulled back 30
points. Whoever is trying to hold this up better get it back
above 4140 or let it fall this week otherwise likely to go much
lower as this effort will be in vain
well...given what we've seen on the bid size in NQ and ES
futures - doesn't take a lot if the plunge protection team wanted
to play around- come in buy 100 or 500 ES contracts at market and
it's going to pop futures hard when I see 7 NQ contracts on the bid
ask. and only 50 ES during the day and 10 at might - thin city. But
these days the Fed isn't really concerned with the market keeping
it propped up like it did in the old days - it needs asset prices
to come down over time
Bulls held support 4072 and got a squeeze going after taking
back initial resistance - now the bulls have the ball and need to
hold 4100 and build upon today's bounce
I continue to watch the gaps as well, one below now is at 4,057.
Then another at 3,978. They "should" fill at some point. Can't
imagine this market can advance even in a bounce wave significantly
without them filling in this backdrop.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
ES Support 4072 4035-40 Resistance
Posted by steve on 7th of Jun 2022 at 09:03 am
ES Support 4072 4035-40 Resistance 4105 4135-40 4155 4175
ES Found stiff resistance at
Posted by steve on 7th of Jun 2022 at 11:58 am
ES Found stiff resistance at 4135-40 level and pulled back 30 points. Whoever is trying to hold this up better get it back above 4140 or let it fall this week otherwise likely to go much lower as this effort will be in vain
That market liquidity works in
Posted by fundamentalvalues on 7th of Jun 2022 at 02:39 pm
That market liquidity works in both directions. Easy to take it up as well as down. 4,176 is the next gap in play on the upside
well...given what we've seen on
Posted by matt on 7th of Jun 2022 at 12:05 pm
well...given what we've seen on the bid size in NQ and ES futures - doesn't take a lot if the plunge protection team wanted to play around- come in buy 100 or 500 ES contracts at market and it's going to pop futures hard when I see 7 NQ contracts on the bid ask. and only 50 ES during the day and 10 at might - thin city. But these days the Fed isn't really concerned with the market keeping it propped up like it did in the old days - it needs asset prices to come down over time
Bulls held support 4072 and
Posted by steve on 7th of Jun 2022 at 10:56 am
Bulls held support 4072 and got a squeeze going after taking back initial resistance - now the bulls have the ball and need to hold 4100 and build upon today's bounce
Thank you !
Posted by fredsaid on 7th of Jun 2022 at 09:11 am
Thank you !
I continue to watch the
Posted by fundamentalvalues on 7th of Jun 2022 at 09:29 am
I continue to watch the gaps as well, one below now is at 4,057. Then another at 3,978. They "should" fill at some point. Can't imagine this market can advance even in a bounce wave significantly without them filling in this backdrop.