ES has been revolving around 5757-63, acting as a key magnet. It held as support in the morning, leading to a rally toward 5822, but once it failed in the afternoon, the market sold off to the 5725 target. Now, NFP will dictate the next move.
As of now:
• 5763 must recover to target 5777, 5794, and 5822
• On an NFP flush, 5714 and 5700 must hold to prevent deeper downside
As of now:
• 5763 must recover to target 5777, 5794, and 5822
• On an NFP flush, 5714 and 5700 must hold to prevent deeper downside
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