ES_F looking for a breakout of 4742 this week. The amount of buyers that will come in on a confirmed s/r flip there will blow your mind. Plan for Monday: Chop to pullback at 4680 and max pain at 4667 into Tuesday. Looking to buy and hold as long as we don't close under 4650. 3 historic levels that have been a huge area of interest for both buyers and sellers. Blue is the top of the huge channel we are starting to create (accumulation or distribution?) red is the bottom of the channel. Green is local daily areas of historical s/r. Personally believe we run it up, but any day close under 4667 turns me bear. 4650 confirms that thesis.

Get a 3 Day Trial To Our Premium Options Alert Service at www.alphatraders.com
- Daily Market Updates
- Daily / Weekly Options Calls with entries / exits
- Private VIP Discord Community For Q&A and Live Streams
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.