Formed a triangle pattern over a couple of weeks and then broke
to the upside following the FOMC announcement. The
larger range is now 5250 (breakout level) and 5320s (topside).
Currently, ES is attempting to flag but must hold around here
(around 5270/80) to move up direct. If lost, expect a
backtest of the 5250 breakout area.
ES Triangle Updated View Formed a
Posted by steve on 24th of Mar 2024 at 01:17 pm
ES Triangle Updated View
Formed a triangle pattern over a couple of weeks and then broke to the upside following the FOMC announcement. The larger range is now 5250 (breakout level) and 5320s (topside). Currently, ES is attempting to flag but must hold around here (around 5270/80) to move up direct. If lost, expect a backtest of the 5250 breakout area.
ES
Posted by steve on 26th of Mar 2024 at 03:34 am
ES holding 5270/80 support here with test of 5288 above up next which likely to break above this attempt. Back to bed here.
Okay broke above to test
Posted by steve on 26th of Mar 2024 at 03:50 am
Okay broke above to test next level at 5295. See you tomorrow.
Reached 3rd target zone 5299/5302
Posted by steve on 26th of Mar 2024 at 08:54 am
Reached 3rd target zone 5299/5302 and faded as yields spiked