Will ES test its daily 200 day sma this week?
We are testing 2712.25, which is a strong pivot (Resistance) on the daily. Nice little doji forming on Friday. I'm looking for a continuation up to test the 200 day sma around 2745 with as high as 2760s before a bigger pullback as long as 2716 is taken out with strength.
Of course if we lose the low of Friday and ultimately 2690, we could test lower off the trendline.
As always let price discovery be your guide :-).
Of course if we lose the low of Friday and ultimately 2690, we could test lower off the trendline.
As always let price discovery be your guide :-).