Saturday, July 13, 2024

ES Morning Update June 27th 2024

The market is still under pressure from the bears but holding the range quite well. We have Jobless Claims out this morning, so we could see some small volatility, as well as GDP numbers. Overall though I'm still waiting for the last move up to hit the FET at 5618, which I think will be next week due to the expected light volume from the 4th of July holiday. Support is still the rising white trendline, and if it gets pierced the rising green trendline should hold. I don't think it will be hit but certainly possible. If we get more weakness today and part of tomorrow, then it will setup next week for that last move up.

Have a blessed day.

Red
Author: Red

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