Hey Traders,

nothing has really changed since the update 2 weeks ago where expected support was 872 and resistance 200dma, since then ES has chopped around in that range chopping up both bulls and bears:

esdaily10

Tomorrow 200dma should be near rally highs and below starting Thursday, with 50ema catching up to the lower support level at 866-872 fibs and s/r level. This is essentialy turning into a 50pt box play, with break below likely taking it to test 38% retracement of the whole rally and 100dma.

Short term will be watching 200dma and rally highs on the upside and ambush zone at previous resistance level on the downside.

es2500t2
Ambush zone from 878.25 will be adjusted if 911 is breached.

I will be back to posting intraday and daily updates starting tomorrow

Cheers

Vlad