Do we continue to hold key levels & digest while letting bulls grow in accumulation / aggression?
IF we loose this current flag, very possible, markets will look much weaker.
This current ATH flag is very weak. couple days of holding but very easily could sell like 11/10
Highlighted large volume areas - Looking for a pickup of volume & a break thru 140 whole # - /ES needs to shape up before entry, likely a entry idea for the week beginning with 11/15 - I like to risk 7 days lows INITIAL STOP, for this strategy I am quick to trail my stop once 10% ITM ( in the money )
We want to see few more days of tightening to prove flag is ripe for a new leg higher. /ES had sell day yesterday, digesting today... don't want to get long into a broader market PB. Caution.
Testing out Trading View, so many tools to use. Let me know your thoughts on this breakdown! We are currently stuck in a channel, coming off recent ATH.