29082023 - #ES
Updated
Friday's levels (tradingview.com/chart/SPX500USD/72JH0USI-25082023-SPX/) worked well as market sold off almost at the level given, hit the 4358 to the dot before going higher. Now market is back to the highs especially after the up move yesterday.
Overall, price action is bullish and is supported all the zones but somewhat "overbought". Price might pull back to cool off before going higher. 4424 (max low of 4414) or so will be a good level to look for longs for a move higher. But if market did not go down but instead rally to the 4448 strong resistance, will look for reversal candle to look for a move down instead.
Overall, price action is bullish and is supported all the zones but somewhat "overbought". Price might pull back to cool off before going higher. 4424 (max low of 4414) or so will be a good level to look for longs for a move higher. But if market did not go down but instead rally to the 4448 strong resistance, will look for reversal candle to look for a move down instead.
Comment
4448 traded, moved back to PZ for 20 points before the massive rally.
Join me for free on Patreon (patreon.com/fademeifyoucan) to receive my daily FX and indices trading plan. DM me to join my new group to learn all my trading levels and to trade together.
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.