Eye on ES and AMD
Good Tuesday Morning, MPTraders! October 7, 2025-- Pre-Market Update:
-- ES remains in the confines of a high-level bullish Coil formation that argues for upside continuation. My attached Hourly Chart shows the well-defined Coil that projects an upside thrust toward 6820/50 next. Only a bout of weakness that presses beneath 6765 will wreck the integrity of the Coil, and will morph the recent pattern into something considerably less bullish... Last is 6789.50... (continued below the ES chart)...
-- AMD retains the bulk of yesterday's enormous gains, within what my pattern work indicates is an incomplete advance off of the April 2025 low at 75.22.
Where might AMD find support on a pullback? My optimal pullback support Target Window is 195 to 200 (see my attached 4-Hour Chart), from where my pattern work "sees" the emergence of a new upleg that projects into a Target Zone of 260 to 265, or another 30% to 35%... Last is 211.95...