2024.01.30 ES st scenario

I anticipate upside move slightly above the last high of the day. => corrective setback downside below the local lows => bigger move to the upside. This is an ideal scenario before 10.am
10am news can create more volatility and add more substantial swings in the both directions.

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8.30 is close. May bring more volatility. Ideally to see one more down move to the new lows. but even micro retracement down can be enough before the up move to the new high of the day.

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Possible ultra short term long setup at least before 9.30-10.00 time range. Target is above the local high

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Development of long. There is upside acceleration on 9.30 => anticipate at least some downside retracement of the 10.00 am (can be sharp due to the news)

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Es made more upside than NQ. I anticipate substantial downside reaction to the 10am news. => ideally no new low.

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It is the moment to start the main move upside OR just another low of the day ahead

Trade closed: target reached

DXI looks like about to make leg upside => it is better to anticipate this risk and start to look for downside in stocks

Yoo_Cool

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Yoo_Cool