HollowMn

#ES Futures 2.28.22 Overview and Levels to Watch

CME_MINI:ES1!   S&P 500 E-mini Futures
Globex opened on gap down and below our Key Level of 4327.25-4321.50 which tells us all the buying Friday was just shorts getting bought it. Will we fill the gap today and keep going or will we keep going down? Failure to touch 4349.50-4345.25 this morning once we broke Key Resistance is a sign of weakness, on the downside if we do not get over 4327.25-4321.50 and 4349.50-4345.25 then that leaves door open for test of 4310-4307.25, 4291.50-4285.75, 4272-4265.50 which is our next Key Support and Globex low at 4252.50-4247.50 if that gets broken then we have more downside to 4234.75-4229.25 and 4220-4214.75. On the upside if we get over and hold 4327.25-4321.50 and can take out 4349.50-4345.25 then we can see 4362.75-4359.50 and Key Resistance at 4378.50-4374.75 which needs to be taken out for continuation higher, if that happens then our levels are 4392.25-4389.75, 4405.25-4403 and 4424.50-4418.75.
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