ES-- heading into the final 40 minutes of trading, ES certainly is resistant to any downside pressure. That said, as long as ES is trading beneath 2892, it will remain vulnerable to another loop down to test the intraday low at 2875.25, and if violated, will point to 2855, and then 2835.

I figure that ES has another 23-24 hours of downside vulnerability. By Thursday at this time, traders and investors will be anticipating another strong Friday session... Last is 2879.50

6 12 19 ES 15 Min 320 GIF
Sign up for a
Free 15-Day Trial!
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...
Receive Mike's "Mid-Day Minute" technical market analysis, plus his weekly analysis and periodic offers.
*In submitting this form you agree to our permission/privacy statement.