Looking at $ES right now, seems like we're trying to hold that 7450 area after the morning dip. Any thoughts on whether this level will give way or if we see a bounce heading into the close? Volume seems decent.
I'm seeing that too. The volume is picking up on these retests of 7450, makes me think there are some bigger players defending it. Could be a decent bounce opportunity.
7450 feels like a critical spot, but I'm not convinced it holds through the afternoon. The previous highs around 7480-7500 could act as strong resistance if we do get a bounce.
Looks like a lot of consolidation around that level. I'm waiting for a clear break either way before making a move. Too much chop for me right now.