The ES is stuck between a key resistance (red dashed line) from February and a key support from early April (green dashed line). That support served well for bigger bounces. The ES is about to make a decision in the coming weeks. That's assuming that bears quit short covering the ES to above 3200 early.
Note
After looking at the price action, since the ES closed above 3171 on Friday, this may zoom above 3200. I am not sure if it will stay above 3200 for very long. Big tech stocks are WAY above their 20 DMA.Note
Important Earnings DatesJP Morgan - 7/14
Wells Fargo - 7/14
UnitedHealth - 7/15
Johnson & Johnson - 7/16
Bank of America - 7/16
Netflix - 7/16
Blackrock - 7/17
Microsoft - 7/22
Tesla - 7/22
Amazon - 7/23
AT&T - 7/23
American Express - 7/24
Verizon - 7/24
Gilead - 7/28
Visa - 7/28
Mastercard - 7/29
AMD - 7/28
Amgen - 7/28
Facebook - 7/29
QUALCOMM - 7/29
Boeing - 7/29
Google - 7/30
Apple - 7/30
Square - 7/30
SHOP - 7/30
Disney - 08/04
Roku - 08/05
Novavax - 08/05
Moderna - 08/05
Nikola - 08/07
IDEX - 08/11
Alibaba - 08/13
NVIDIA - 08/13
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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.