Heres the key levels I have highlighted for the week ahead on the ES futures . A very strong gap up this afternoon, providing for some bullish setups. For now the market is consolidating at the 0.27 fib extension and the 2860 resistance region.
Above there we have the 2878 topline and 2900 key level.
However if we do see a retest to fill this gap early this week that would be healthy for further upside. Watch the VIX and volatility to aid in signaling strength of sell offs. And watch for the key words RATE CUTs for interest rates in the news, as algos are set.
Above there we have the 2878 topline and 2900 key level.
However if we do see a retest to fill this gap early this week that would be healthy for further upside. Watch the VIX and volatility to aid in signaling strength of sell offs. And watch for the key words RATE CUTs for interest rates in the news, as algos are set.