The Hour of Power, as ES Probes Key Near Term Support

As we head into the final 30-40 minutes of trading today, ES finds itself probing key support at 2770 to 2764, which must contain additional weakness to avert downside continuation that projects to 2720/30, and possibly to 2680/90. A sustained breach of 2764 will lock in the entire period from mid-February as a near term top, as well as confirm the completion of the larger upleg from the 1/28/19 low at 2622.25 to the 3/04/19 high at 2819.75... Only a sharp upside reversal that propels ES above 2800 will neutralize this week's negative price action... Last is 2770.50

3 06 ES 325 GIF
3 06 ES 325 GIF

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