Yesterday marked the sixth consecutive red day in ES—the first time since April 2024. After breaking down from a two-day base yesterday around 2pm, 5875 was the sell target, and it hit exactly at close before forming a base overnight.
As of now:
• 5875-80 is support but weakening
• Holding above keeps 5913 and 5939 in play
• If the overnight low fails, expect a dip toward 5850 area, then 5835-32
As of now:
• 5875-80 is support but weakening
• Holding above keeps 5913 and 5939 in play
• If the overnight low fails, expect a dip toward 5850 area, then 5835-32
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