ES/SPX levels and targets Aug 29th
Complete round trip for ES after the fail and reclaim idea of 5572. As I mentioned, 5654-5585 is the range with 5630 as the magnet. We got a classic failed breakdown of this zone after Nvidia earnings printed. And now we are back at 5630 for the 20th test.
As of now: We're coiling for a breakout. 5611-15 is the key support. As long as it holds, 5642 and 5650-54 are in play. Watch for a dip below 5611.
As of now: We're coiling for a breakout. 5611-15 is the key support. As long as it holds, 5642 and 5650-54 are in play. Watch for a dip below 5611.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.