Daily/Weekly/Monthly are all in balance right now on ES
We are currently trading in a 3-day balance between
4547.50-4539 and 4507-4498
We have a large node pivot above us at 4527.50-4523.75 that should determine if we seek the low or the high of the balance before we break either side
IF 4507-4498 becomes resistance, I will be looking for a breakdown to 4489 > 4469 > 4459
IF 4539-4547.50 becomes support, I will be looking for a breakout to 4555 > 4575 > 4484.75 > 4591
Play the current balance until we see a clear breakout of either side.
We are currently trading in a 3-day balance between
4547.50-4539 and 4507-4498
We have a large node pivot above us at 4527.50-4523.75 that should determine if we seek the low or the high of the balance before we break either side
IF 4507-4498 becomes resistance, I will be looking for a breakdown to 4489 > 4469 > 4459
IF 4539-4547.50 becomes support, I will be looking for a breakout to 4555 > 4575 > 4484.75 > 4591
Play the current balance until we see a clear breakout of either side.