ES Morning Update July 11th 2022


This week I'm looking for some weakness on Monday and maybe Tuesday and then a move up to 4050 or so by Friday. The weakness early on could produce a drop down to the falling orange trendline, but I really don't give it high odds.

I think the rising purple channel will hold, and that lower trendline is around 3870 or so right now. The falling orange trendline is all the way down to 3800, which seems too far right now. But after this week ends and we reach 4000+ then yes, the that 3800 (or lower) target is wide open. But for now the weakness on Monday and Tuesday shouldn't go that low I think. Not much else to add so have a blessed day.

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