ES HTF Pivots and directional pathing
Current Auction is between 4082-4088.50 and 4060-4055.
We have seen supportive bids step in at our 4037 HVE (High Volume Edge) and should expect buyers to show interest there unless 4930 flips to resistance on a re-offer.
BEAR PLAN
IF sellers make 4030 resistance we look for the 4920-4916 20 Day POC to act as a magnet for price
BULL PLAN
IF buyers can make 4082 supportive on a re-bid we can look for a push up into the top of our previous 2 week balance 4997-5000
IF buyers are willing to transact and built out value at our 5000 level we can look for price to look up to our 5 Day POC at 5012
IF buyers are willing to push above and make 5012 supportive we can look for price to push to fill the RTH gap to 5033
Current Auction is between 4082-4088.50 and 4060-4055.
We have seen supportive bids step in at our 4037 HVE (High Volume Edge) and should expect buyers to show interest there unless 4930 flips to resistance on a re-offer.
BEAR PLAN
IF sellers make 4030 resistance we look for the 4920-4916 20 Day POC to act as a magnet for price
BULL PLAN
IF buyers can make 4082 supportive on a re-bid we can look for a push up into the top of our previous 2 week balance 4997-5000
IF buyers are willing to transact and built out value at our 5000 level we can look for price to look up to our 5 Day POC at 5012
IF buyers are willing to push above and make 5012 supportive we can look for price to push to fill the RTH gap to 5033