ES Morning Update July 13th 2021


We hit the 4370-4390 range where major resistance is at, and so far that seems to be the top. Now we just watch and wait. Any move down should start off slowly and gather steam in the coming days I think. I don't see much upside left, if any? The CPI numbers obviously caused the spike down here before the open. That doesn't mean they can't rally it back up again but even if they do there's major resistance still overhead and likely won't get taken out by the bulls. Bottom line here is that I think we are done. The up trend should stop and the down trend should start. I'll keep this post short and end it here. Have a blessed day.