Saturday, July 13, 2024

ES Morning Update July 3rd 2024

Yesterdays morning dip was bought right up as support held once again. We are close now to a breakout to hit the FET at 5618, which will run the stops on the bears shorting right now. Maybe it happens today, or tomorrow... I don't know? But we are close now. However, as I said yesterday, we might not see any strong move down until after the FOMC (and CPI) next Wednesday. But if we top this week then we could crave out a series of wave 1's down and 2's up (or A's and B's) to setup a bigger drop late next week. It's summer so don't get too excited as typically it's very boring.

Have a blessed day.

Red
Author: Red

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