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$ES: Contemplating the 7392.95 High
Seeing $ES tap 7392.95 today has me scratching my head a bit. The push upwards feels strong, but that level, just shy of last week's resistance, looks like a pretty good spot for a potential reversal, especially if we can't decisively close above it by end of day. If we do punch through and hold above 7400, then my whole "top is in" thesis would be completely invalid, and I'd be looking for higher targets.
1 comments · 1 points
It's a strong push, no doubt. But the volume isn't really confirming it for me yet. I'd be cautious jumping to conclusions about a breakout until we see how it holds, especially into the close.