How high do you think ES will go?

I think the short term bias is in favor of higher prices but too many uncertainties in our world now days....very choppy price action.
If we can close above that level ( 4430), I think we will see another leg up. You have Powell speaking twice this week and the market will look for more clues to confirm rates are not going higher.

 

I think we have a few more months of weird scenario where bad economic data makes the stock market go up.

After that, probably pretty significant drop in the indices.

 

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barchart.com has a 48% buy overall on it;
60 %buy short term , looks more likely 60%.
Cash SPY has a good UP gap, see how it closes last 30 minutes [2;20 CST] must be AI related like qqq+ related ..................... So yes most of NOV/most likely

 

https://www.tradingview.com/chart/ES1!/mXX22xfL-Buy-1-ES-4406-on-stop-If-filled-4318-stop-4507-tgt/

 

Nice trade but that's a huge stop.

 

you are right. We did move the stop up pretty quickly if you look at history.

 

$VIX daily chart 5 out of the last 7 days were either inside or outside days (white dots - see previous examples) right above near term support:-



Most likely it will stay relatively quiet until Thanksgiving in in the rear view mirror but then watch out (maybe).