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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