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CHby u/chloe65·1moAnalysis

$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.

2 comments · 18 points

2 Comments

MWu/mwhite·1mo

Yeah, that 7392.95 level definitely caught my eye too. It's a key spot. I'm with you on watching the close; a strong close above 7400 would certainly change the picture for short-term sentiment.

5
FAu/farid10·1mo

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.

0

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