ES E-Mini Futures lines to watch continues
The lines watch still are holding true. The initial leg down dropped below my initial exceptions and instead of 3255 being support, it became resistance.
Tomorrow could be interesting.... What is going to happen?
1) the momentum of the MACD is curving up but has yet to cross over upward. This could be a positive sign tomorrow.
2) The RSI is oversold on the 4 hr chart. This also could be encouraging
Leaning towards a slight upward but overall lateral move tomorrow. Could gap up above the current resistance of 3255 or gradually move up to close monday's gap but i expect the price to be between 3255 and 3290 at market close.
Close of market APPL will post earning and are expected to beat earnings by 6%. According to Loup Ventures, they expect APPL revenue to also be up 5% overall. With all things pointing positive, post market going into Wed, i lean towards a further upward move.
Similar move ups with FB and Amaz with moves to follow which can push us back to All Time Highs (ATH).
After that ... we wait to see if we continue the gradual churn north to do we have another sell off with no catalyst to continue to push the price up.
Happy Trading
Tomorrow could be interesting.... What is going to happen?
1) the momentum of the MACD is curving up but has yet to cross over upward. This could be a positive sign tomorrow.
2) The RSI is oversold on the 4 hr chart. This also could be encouraging
Leaning towards a slight upward but overall lateral move tomorrow. Could gap up above the current resistance of 3255 or gradually move up to close monday's gap but i expect the price to be between 3255 and 3290 at market close.
Close of market APPL will post earning and are expected to beat earnings by 6%. According to Loup Ventures, they expect APPL revenue to also be up 5% overall. With all things pointing positive, post market going into Wed, i lean towards a further upward move.
Similar move ups with FB and Amaz with moves to follow which can push us back to All Time Highs (ATH).
After that ... we wait to see if we continue the gradual churn north to do we have another sell off with no catalyst to continue to push the price up.
Happy Trading
