#ES_F 2.01.22 Overview and levels to watch

After exciting month end yesterday, what can we see today? Overnight inventory is currently long over the close and over out 4480 level. Today we want to see if we will continue our strength, retest and hold lower levels or find temporary balance? On the down side we have PM support at 4490-4487.25 if we get under and hold, that will be our first sign of weakness. Under we have 4479.75-4475 as our Key support and if broken we can see 4465.25-4460.25, 4447.25-4445, 4437.75-4432.50 and if selling is strong can test 4424.50 area. On the upside, holding above PM support shows strength and can test 4524.25-4519.50 and we can break and hold over that can see 4536.75-4532.50, 4551.25-4548.75 and maybe 4571.75-4563.75 those are the bigger areas to hit on the upside and should see sellers up there. We made some big moves and now waiting to see what this month will bring. Was the buying real or just short covering and we will head lower this month? Lets see what they have for us.