ES Levels & Targets Aug 14th
My target in #ES_F all week was 5438-42, and buyers rallied to it yesterday. Next up were 5449 and 5467, with 5463 reached overnight. With CPI at 8:30, it’s time to size down, hold runners, and be prepared for literally anything (expect irrelevant noise and traps in the first 30 minutes).
As of now: 5438-42 and 5414 are stretch supports. This keeps 5473, 5495, and 5510 in play. If 5438 fails, look for a dip to 5414 and 5388.
As of now: 5438-42 and 5414 are stretch supports. This keeps 5473, 5495, and 5510 in play. If 5438 fails, look for a dip to 5414 and 5388.
Note
Choppy to start the morning off. First target was 5472 and buyers hit, dipped to 5450, now chopping. 5450-5470 a complete irrelevant noise range in my opinion. Overtrade here, get chopped up. 5450, 5443-38 remain supports. Buyers must hold to keep 5472, 5495+ in play. 5438 fails, sellers can bring us back down. 
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