Saturday, July 13, 2024

ES Morning Update June 25th 2024

Yesterday was pretty much as expected as we bounced early in the day and pulled back late in the day. I think this chop will continue all week with bounces intraday and small pullbacks too. I'm sure they will flip it from day to day where we sell off first and rally second but in the end the market should stay in a fairly tight range from the all time high down to as low as 5400, but that's only if the white trendline fails. Otherwise 5450+ seems more likely to hold the dips as that's around the zone where the white trendline is at now. Nothing more to add as I covered it all yesterday.

Have a blessed day.

Red
Author: Red

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