Direction Thesis on ES

23 ott 2022

We've just put in a nice GREEN bullish candle on the Weekly chart. We've broken a minor trendline as we did back in June of 2022. It's looking like we may have cleared the accumulation phase and market makers will move us higher temporarily. Id expect a short term move to 3820-3850 where the next major supply area is. If we open bearish and have a huge down day with the big data week coming then this thesis is invalid and would expect more downside/accumulation to lows. Cant wait to see what the MM's do this coming Monday!