#ES Futures Daily Overview with Levels to Watch 06.14.22

14 giu 2022

Yday we saw Key Support area of 3764.75-3760.50 hold on the first test, we did make another attempt at it before close and were able to reach next level down so we found acceptance in that lower range. At the close wholesale took in the supply under 3764.75 and used Globex to drive it up and sell higher, Globex inventory was mostly long all night until we found sellers at our Key Resistance of 3809.50-3805.25 and now we corrected it back to the close. Currently we are holding this 3764.75-3760.50 Key Support area and waiting for PPI release at 8:30. Looks like we are again set to open today under T+2 Low which is all the way back at 3896 so I would be very surprised if we dont see more selling today and at least test the lower levels down to 3714.75-3709.75 and maybe lower if we have enough sell volume. We had two days of big moves so set ups might require patients today.

- On The Upside continuing to hold this support at 3764.75-3760.50 can give us another push and test of 3780.50-3776.75 and maybe 3791.75-3787.75 those will be the areas to watch for continuation higher and of course to get any real move out towards that gap we would need to see us get through Key Resistance of 3809.50-3805.25.

- On The Downside we now have globex inventory built up in this 3809.50-3760.50 range and if we do break below and accept in the lower range then our levels to the downside are 3741.50-3744.75, 3728.75-3725.25 and next Key Support at 3714.75-3709.75. If we have enough juice today we can see us take that and if we do then we will watch lower areas for response at 3698.50-3695.50, 3686.75-3683.75 are the areas we can see response and next Key Support at 3671.75-3665.75.

14 giu 2022

Commento

Got the push towards 3791.75-3787.75 and found resistance so far, set to open inside previous day and in VALUE so might be choppy until the move comes, and we reference our Key Support today and yday Low for continuation

14 giu 2022

Commento

Was able to take 65 to prev day low exited at 36, was looking for continuation to lower levels but not yet. Will give it at least an hour before next trade, I think as long as we dont get back over our 65-60 resistance and stay/accept then we should see another run at the lows at some point and test that 14-09 support but have to give it time because we do have buyers at the lower levels. If we do accept above and start running upper levels then it might just be rotational day without a real break away from yday range

14 giu 2022

Commento

65-60 area was GOLD today.

14 giu 2022

Commento

3 Days in a row I get exhausted shorting and miss the main for the day hah, but I had a great day shorting from my Key Areas of 3764.75-3760.50, I did over trade a bit because I kept waiting for us to break 3728.75-3725.25 and reach next Key Support at 14.75-09.75 that I took 19 trades and gave back a bit of morning profit but I did size down towards the end of the day for that reason. Walked away +136P micro, Key Support today at 3714.75-3709.75 gave a great look below and fail entry which I did not take, FMOC tomorrow and closing within T+2, lets see what Globex tells us.