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ES will need to reclaim a resistance in order to see a relief bounce/rally, now 4552. SPX/ES some positive divergence on 5 minute
This is why a wait for a change of structure - ES failed to take back 4552 and made new low
The 47 day streak is broken of no 1% down days for SPX
Not yet broken Still time to buy trillions worth of out of the money SPX calls in the next 15 minutes to float this pig back to less than a 1% loss.
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ES will need to reclaim
5/1 ES Levels June Contract (ESM24)
Posted by steve on 2nd of Aug 2023 at 12:19 pm
ES will need to reclaim a resistance in order to see a relief bounce/rally, now 4552. SPX/ES some positive divergence on 5 minute
This is why a wait
Posted by steve on 2nd of Aug 2023 at 03:37 pm
This is why a wait for a change of structure - ES failed to take back 4552 and made new low
The 47 day streak is broken of no 1% down days for SPX
Not yet broken Still
Posted by DigiNomad on 2nd of Aug 2023 at 03:48 pm
Not yet broken Still time to buy trillions worth of out of the money SPX calls in the next 15 minutes to float this pig back to less than a 1% loss.