Patience paid off for buyers. Friday morning, longs were triggered off 6120 support in ES, forming a solid flag from 6120 to 6147. The breakout target at 6154 was hit around 2am unfortunately, so now it’s time to protect gains and let the runners ride if you have them. No new entries unless we get some dips first.
As of now:
• Next targets are 6168 and 6185-88
• 6138 is holding as support
• If the price dips back to 6120, prepare to sell below that level
As of now:
• Next targets are 6168 and 6185-88
• 6138 is holding as support
• If the price dips back to 6120, prepare to sell below that level
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