Resilience over 1450 further solidified the 1463/1450 channel today as the ES_F further digested the new years run up of nearly 10% in 3 sessions.
The white line @ 1450 is the even horizon into 1443- then next story is 1440 (charts below fold) …
That being said take a look at the overnight activity down into the 1452.50 level, the head of the inverse H&S from earlier in today’s session.
5 min ES
Note the gap under 1440 into 1425 – this is a zone of air and confusion IF and when the price re enteres the zone if 1440 were to fail this week. Count on it surely. on reverse side.. over 1463 means 1468 year highs are in the sights of the shooters.
NO content/analysis/charts/data provided within the pages of "Hedge Accordingly" "HedgeLy" OR "Trade For Profit" constitutes investment advice. "Hedge Accordingly" "Hedgely" or "Trade For Profit" are not financial advisors, they do not recommend the purchase of any stock, option, futures contract or offer advice on the suitability of any trade or investment for that matter. Actions you take as a consequence of any analysis, opinion conveyed or advertisement within the pages of Hedge Accordingly are YOUR sole responsibility and at YOUR discretion. Any content within "Hedge Accordingly" "Hedgely" or "Trade For Profit" is to be used for educational purposes only. We take no responsibility of the accuracy of information contained on any site linking to and from "Hedge Accordingly" "Hedgely" or "Trade For Profit".