https://www.tradingview.com/x/xttjxi9B/
ES1! I am watching fundamentals and any incoming tariff news this week (mostly for scalps on small timeframes). This is because of the Japan news reaction we saw last week which presented good opportunity.
Bear: I am watching price seek possible consolidation up here after being bullish at a strong upwards angle. I see small exhaustion being cooled off and possibly looking for more cooling until the middle of this week, I expect no serious price movement until Wednesday July 9, 2025. Watching that 4h green slanted trendline to break for scalping opportunities. If the white larger trendline is broken I will be considerably more bearish that we would likely reach a price of 5,805 or lower again, this would be a lot to ask but it is a location I would assume price would find solid support if reaching that area in the future weeks/ month. Watching horizontal lines for support this week specifically at price 6,271 to be broken or held. There looks like there is some slim price action (little support or resistance) from 6,100 to where we are now. This could push the downward volume quicker to the downside possibly presenting great opportunity for bears in the possible near future, if we break down below 6,197.
Bull: we are clearly in a macro bullish trend it is silly to decide we would all of a sudden drop significantly unless something obscene happens fundamentally. I step into this week assuming we will keep strong upward trendlines far above the macro (my white thick) trendline. watching fib extension levels for more upside since we are consolidating a bit already it would be easy to assume we will jump up to the .236 at 6,342 and even get to the .382 at 6,387 and higher. I still expect the ADX to cool down here in the beginning of the week if not all week. I also assume to see the rsi finish its bearish divergence off with a strong predicted sell off- but to reach higher highs after (buy the dip, trade the reaction, WAIT for the dip).
ES1! I am watching fundamentals and any incoming tariff news this week (mostly for scalps on small timeframes). This is because of the Japan news reaction we saw last week which presented good opportunity. Bear: I am watching price seek possible consolidation up here after being bullish at a strong upwards angle. I see small exhaustion being cooled off and possibly looking for more cooling until the middle of this week, I expect no serious price movement until Wednesday July 9, 2025. Watching that 4h green slanted trendline to break for scalping opportunities. If the white larger trendline is broken I will be considerably more bearish that we would likely reach a price of 5,805 or lower again, this would be a lot to ask but it is a location I would assume price would find solid support if reaching that area in the future weeks/ month. Watching horizontal lines for support this week specifically at price 6,271 to be broken or held. There looks like there is some slim price action (little support or resistance) from 6,100 to where we are now. This could push the downward volume quicker to the downside possibly presenting great opportunity for bears in the possible near future, if we break down below 6,197.
Bull: we are clearly in a macro bullish trend it is silly to decide we would all of a sudden drop significantly unless something obscene happens fundamentally. I step into this week assuming we will keep strong upward trendlines far above the macro (my white thick) trendline. watching fib extension levels for more upside since we are consolidating a bit already it would be easy to assume we will jump up to the .236 at 6,342 and even get to the .382 at 6,387 and higher. I still expect the ADX to cool down here in the beginning of the week if not all week. I also assume to see the rsi finish its bearish divergence off with a strong predicted sell off- but to reach higher highs after (buy the dip, trade the reaction, WAIT for the dip).
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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.
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.