ES BIG PICTURE
S
FRIDAY- ES closed net long - a lot of buyers in market
Expecting these buyers to start selling to late comers to the party
Need to keep an eye on price action this coming week
-HEADWINDS-
BREXIT/ELECTION
TRUMP IMPEACHMENT PROCEEDINGS
S
- ince Oct price has been moving up on low volume
High volume spikes on down months
Last 3 months have been bullish price exploring new ATHs.
Price Volume Traded showing divergence on monthly/weekly/ TF
On daily price is moving up
On 240 price is moving up up approaching divergence level - so expect a pullback if not reversal
I will need to see large short orders around 3156.75 if not above Check orderbook to see where large orders are sitting
FRIDAY- ES closed net long - a lot of buyers in market
Expecting these buyers to start selling to late comers to the party
Need to keep an eye on price action this coming week
-HEADWINDS-
BREXIT/ELECTION
TRUMP IMPEACHMENT PROCEEDINGS