Hey Traders,
another interesting week in the markets. ES had some low volume consolidation this week before gapping over a key resistance level and holding the professional gap.
esdaily2Next significant support on ES is expected at 870-872 Fib Cluster.
Here is ES chart of the week: 2500tick heikin-ashi trend rotation charts that almost without failure worked during the past week helping to identify market direction including recent single run of 35 poitns (click on the chart to show full size)
2500theikinrotations
Euro remains in ambush consolidation zone between two major levels:
eurodaily1Break below 1.31 would be rather significant on the euro with likely retest of 1.2453 lows and maybe eventually target of 1.3571 ambush of 1.193 as insane as that might sound, that is the current set up.
That’s about it for today , check back for weekly analysis and more trading resources later!
Thanks for visiting and have a great weekend
Vlad