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Short term - ES (September)

11/18 ES Levels December Contract. (ESZ25)

Posted by steve on 14th of Jun 2024 at 08:43 am

Short term - ES (September) possible smaller degree wave iv but bulls must move from here as this is invalidated below 5450 and losing morning lows would be a warning. New supply zone formed overnight 5497-5510

Tricky here and one reason we haven't added much to watchlist - remain nimble

ES managed to grind up

Posted by steve on 14th of Jun 2024 at 01:48 pm

ES managed to grind up to supply zone posted earlier

Nice quick reaction off supply

Posted by steve on 14th of Jun 2024 at 01:59 pm

Nice quick reaction off supply - initial test typically produces a fade

Seemed to be a reaction

Posted by DigiNomad on 14th of Jun 2024 at 02:26 pm

Seemed to be a reaction off of session VWAP. Might checkback here, form a higher low and do the standard push into the close. What's the saying? Something like: Joe's trade the open but pros trade the close. The pros know Janet has no leash right now and is trying to buy an election. Good luck getting in front of Fed contract after contract after contract to NVDA, GOOG and the rest of the bunch.

*checkback was complete by the time I wrote 4 sentences