Morning,
Yesterday ES broke down out of the balance we mentioned and we had the directional day we expected. Therefore today we will be using 87-89 as our bull bear, Bulls will need to hold above here to get ES to the 00.50-02.50 resistance zone where id expect to see sellers step in. Above here we have 11-13 where id also expect sellers to be active.
On the downside we have 81-82 which could provide some support if bulls are prepared to take this back up and we will need a good intraday setup here. Below here Bears are still firmly in control and can take us to 65-67 where id expect buyers to be active, below here we also have 48-50.
Happy Trading.
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