#ES Overview 06.01.22
If we look on the daily we are right in the middle between the trapped supply which we started selling out from on the 5th and the Position/trapped shorts below us, today we had an indecision day as we still have plenty of supply above and now buyers below. Im thinking possible inside day tomorrow or for the least inside Friday range, thinking we could hang out between 4170-4060 area for couple days until the next bigger move is ready. Of course have to watch levels and order flow but just thinking what can see, new month is starting as well so might take few days to warm up. I am looking at current Key Resistance 4143.75-4137.50 and Key Support at 4084.50-4077.25, looking to stay between those areas unless we extend and reach break next Key Resistance of 4220-4214.75 or next Key Support at 4030.75-4025.25. Until we can extend to next Key levels I will be reducing my expectations on the moves and waiting for the edges to enter.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.