ES Bulls Missed Chance to Inflict Pain on Shorts This Morning

ES (Emini S&P 500) popped to a new post-Trump victory high at 2185.00, taking out last Thursday's high at 2180.50, but, thereafter, failed to follow through to the upside, leaving a minor bull-trap high in place.

As long as 2157 support contains any forthcoming weakness, the Trump-upleg pattern will remain constructive.

However, a sustained break of 2157 will begin to weaken the pattern, and will point to a revisit more important support at 2148.75-2147.75.

  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader 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...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!