ES definitely on track to retest all time highs. will earnings season be enough to break thru into new price discovery or will bears step in near previous resistance around 3025-3030?
Comment:
First major resistance at the 3025 zone hit
Comment:
all time high broken. price discovery still in process as early shorts are getting squeezed and the feds are still set on holding up the market.
Trade closed: target reached:
ES hit 3097 today. 3 points shy of the 3100 mental target. going long at this point the risk would outweight the reward. lock in gains if your long and prepare for a pullback