Bias: ES September futures recover near 7,462, up about +0.81% from Friday's 7,401.75 settle, after the cash index slipped to a two-week low on Friday's chip-sector selloff. Overnight strength has carried the underlying back above its dealer-positioning inflection near 7,380 (cash), helped by an easing in geopolitical risk and a small beat in overseas manufacturing data. The session is constructive but resistance-gated: price now presses directly into the daily moving-average shelf at 7,485 to 7,508, where last week's sellers were active. Momentum is neutral and recovering, not yet trending. Net read is cautiously constructive while 7,406 holds, with quarter-end and a large quarterly expiration tomorrow keeping conviction moderate.
Resistance:
7,470.50, overnight high and short-term momentum pivot
7,485 to 7,508, daily moving-average shelf and second computed resistance, the decision band
7,540 to 7,557, deeper retracement and third computed resistance
7,740 area, major upside positioning magnet (7,680 cash)
Support:
7,452 to 7,455, overnight shelf and first computed support
7,398 to 7,406, daily pivot, prior settle, and overnight low pocket, the line in the sand
7,365 to 7,381, lower standard-deviation support and cash inflection equivalent
7,360 and below, deeper support base into the 7,300 cash region
Primary Setup: Long on confirmation. Buy 7,470 to 7,475 only after a 15-minute hold above the 7,470.50 overnight high and only after 9:45 ET. Stop 7,452. Targets 7,486, then 7,500, then 7,508. Trail to break-even after the first target. Invalidation is a 15-minute close back below 7,452. Alternate: fade a clear rejection in the 7,493 to 7,508 band back toward 7,470 and 7,455, stop above 7,515. Skip two-sided chop between 7,406 and 7,470, and stand aside from longs on a sustained break below 7,398.
Resistance:
7,470.50, overnight high and short-term momentum pivot
7,485 to 7,508, daily moving-average shelf and second computed resistance, the decision band
7,540 to 7,557, deeper retracement and third computed resistance
7,740 area, major upside positioning magnet (7,680 cash)
Support:
7,452 to 7,455, overnight shelf and first computed support
7,398 to 7,406, daily pivot, prior settle, and overnight low pocket, the line in the sand
7,365 to 7,381, lower standard-deviation support and cash inflection equivalent
7,360 and below, deeper support base into the 7,300 cash region
Primary Setup: Long on confirmation. Buy 7,470 to 7,475 only after a 15-minute hold above the 7,470.50 overnight high and only after 9:45 ET. Stop 7,452. Targets 7,486, then 7,500, then 7,508. Trail to break-even after the first target. Invalidation is a 15-minute close back below 7,452. Alternate: fade a clear rejection in the 7,493 to 7,508 band back toward 7,470 and 7,455, stop above 7,515. Skip two-sided chop between 7,406 and 7,470, and stand aside from longs on a sustained break below 7,398.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
info@algoindex.com, algoindex.com | Join our free trading community: facebook.com/groups/1256769122661043
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.