ES/SPX Morning Update Feb10th
The past 3 Sundays have been similar: a gap down set up a Failed Breakdown long where we planned. As mentioned in the plan Sunday, the Failed Breakdown of Wednesday’s 6020 low was triggered at 6 PM yesterday giving buyers a nice long, especially after reclaiming 42-43, with targets of 6056 and 6070—and both were reached.
• Next targets are 6086, 6093, and 6109+
• If the 6066-70 zone fails, expect a dip toward 56, then 42
• Next targets are 6086, 6093, and 6109+
• If the 6066-70 zone fails, expect a dip toward 56, then 42
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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.