ES Futures Short Term Bull, Longer Term Bear
The chart is somewhat messy so I will try and be as specific with my call as possible. I have added expected candle stick ranges for the next 3 trading days, 4/21, 4/24,and 4/25. After those days I just drew using arrow lines rather than daily sticks. Expectation for each of the 3 specific days identified:
4/21: I expect a trading range of 2348.50-2364 with a potential drop to 2342ish area. I expect a sell of into the close as traders take profit and head to the weekend. I expect it to close close to even on the day forming a decent Doji.
4/24: Typically a Doji such as that expected for Friday leads to a few bearish days BUT WE HAVE BROKEN OUT ON THE DAILY and our now outside of the red downward-flag, which is usually a bullish sign. Now that we are broken out, I believe that Monday (4/24) we will retest the broken flag as support and likely break back into the flag but close on the day still outside of the flag. Expected low of 2338ish
4/25: I expect this day to mark the beginning of a big move to the upside with a solid green day, this time actually closing above 2360 level.
You can see my expectation from there is we test new all-time-highs, hitting resistance at 2410 area and then beginning a major descent with first level to test in the 2270's.
4/21: I expect a trading range of 2348.50-2364 with a potential drop to 2342ish area. I expect a sell of into the close as traders take profit and head to the weekend. I expect it to close close to even on the day forming a decent Doji.
4/24: Typically a Doji such as that expected for Friday leads to a few bearish days BUT WE HAVE BROKEN OUT ON THE DAILY and our now outside of the red downward-flag, which is usually a bullish sign. Now that we are broken out, I believe that Monday (4/24) we will retest the broken flag as support and likely break back into the flag but close on the day still outside of the flag. Expected low of 2338ish
4/25: I expect this day to mark the beginning of a big move to the upside with a solid green day, this time actually closing above 2360 level.
You can see my expectation from there is we test new all-time-highs, hitting resistance at 2410 area and then beginning a major descent with first level to test in the 2270's.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.