The 5886 level remains a money magnet in ES. Yesterday, 5886 served as key support, setting up a relief bounce to the 5934 target. We held 5886 exactly and ran to target. Overnight, it held once again.
As of now: No changes. 5886 (weaker now) supports moves to 5911, 5922, and 5935+. If 5886 fails, selling could begin toward 5862.
As of now: No changes. 5886 (weaker now) supports moves to 5911, 5922, and 5935+. If 5886 fails, selling could begin toward 5862.
Trade attivo
5886 has been the “money magnet” level in ES, holding three times since Friday. On this fourth test, however, it finally cracked, triggering a clean move down to 5862 with no drawdown. (Levels get weaker the more they test)As of now: Bulls need to reclaim 5886 to spark a squeeze higher. If not, 5854 (again) and 5842 are the next downside levels.
Trade chiuso: obiettivo raggiunto
Buyers wasted no time, reclaiming 5886-88 and pushing us right back to our first target (5910). It’s a level-to-level market today, (as it is most days) with 5886 staying the key “money magnet” pivot. The next targets are 5922, followed by 5934. Lock in gains level to level—don’t get greedy in these conditions.If 5885 ever fails, we sell.
Nota
This is a textbook failed breakdown setup. A very vital setup to learn, master, and implement.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.