So far, we've seen a push into the 1147 area in overnight trade, which means price is already quite extended. 1152.50 is a 100% extension of Friday's range. Above 1152.50, 1154 is also resistance. I'm anticipating a pullback either overnight or tomorrow morning, but will only consider fading this move at the extensions (1148.25, 1150.50, 1152.50). We have plenty of support levels on the way down, and as usual, I'm anticipating pause/rotation in the Strong Support Zones. Advice for tomorrow: set your biases aside and trade what's in front of you!
ES - Daily Bar Chart with Volume Profile and Key Levels
looks like you got this thing right although we didn't hit the 48.25 exactly
ReplyDeleteLOL...my apologies for being off by a TICK :D
ReplyDeleteyoure so great, man. regradless of a single tick, I am still hats off on you.. Congratulations, i like yoyr blog
ReplyDelete