Emini S&P 500 expectations.

Do not believe me but I think price action is indicating consolidation to resume the move upwards. Let´s wait for more price action on Sunday evening. If I am not mistaken this could be a great opportunity to enter a long trade.



Uptrend is still in place in the day chart.

 

ES going up, now let´s see if it can break above 2721 and keep closing over it. If so next target could be around 2812.

 

ES moving up as expected. Plenty of long opportunities were available.

 

The ES keeps going up, this was a great long trade opportunity.

 

ES could be heading to 2812 price level.

 

ES is trying to pullback, but it looks like someone is buying here. This could resume to the upside. Note that there is strong resistance at the 2762 price level, if broken and price keeps closing above it, then ES could surge strong. Pay close attention during the next days.

 

There is strong resistance at 2762 price level. It looks like a huge wall. Let´s see what happens during the next trading hours....

 

This has been a fantastic call for this long trade. Congratulations to anyone who followed it. Great trade !. Now let´s see what happen next week.

 

Looks like ES is in a distribution area. We need more time for those looking for a new entry.

 

ES is heading for support area. Be ready.