It is precisely 29 days since I posted my estimates for ES's direction. The updated chart below revealed how close prices reacted to the support and resistance indicator estimates, especially after dropping below 3306.25 and holding around 3218.25 support areas per my original analysis.
Other areas of significance where prices reacted are around 3482.25, 3516.00, 3570.25, and 3604.00, as indicated on the chart below.
ES needs to break and hold above 3658, which is above the top of the price channel, to continue to its next major target at approximately 3692 and 3746. Failure to continue above 3658 could result in a pullback to the major support levels at 3570 and 3482.
Link to the original analysis below.
www.tradingview.com/...al-level-at-3306-25/
Other areas of significance where prices reacted are around 3482.25, 3516.00, 3570.25, and 3604.00, as indicated on the chart below.
ES needs to break and hold above 3658, which is above the top of the price channel, to continue to its next major target at approximately 3692 and 3746. Failure to continue above 3658 could result in a pullback to the major support levels at 3570 and 3482.
Link to the original analysis below.
www.tradingview.com/...al-level-at-3306-25/
