ES Morning Update Feb 5th
After a noisy start earlier in the week, ES has settled into a consolidation phase. Yesterday’s strategy was simple: as long as 6020 remained intact, 6066 was the target. The market surged to 6066, held throughout the session, and then retraced back to 6020 overnight.
As of now:
• A reclaim of 6037 should push the market toward 6056, with a brief dip along the way
• If this rebound holds, targets are set at 6076 and 6087+
• A leg down is expected only if the price falls below 6004
As of now:
• A reclaim of 6037 should push the market toward 6056, with a brief dip along the way
• If this rebound holds, targets are set at 6076 and 6087+
• A leg down is expected only if the price falls below 6004
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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.