ES 4385 Target For CPI Tuesday Bullish Trend

4385 is the target for the measured move and after that is hit, then, the pullback will commence to 4300. We are in a One Hour Up Trend.

Komentar:

2 Range expansions of the recent flag consolidation puts it at 4385

Komentar:

Each leg in the up trend has been exactly 126 points. That would put this recent up leg at around the 4385 area plus or minus 15 points. I believe there is one more push up before it starts pulling back.

Komentar:

Using the End of May pullback, the 2.5 Range Expansion is at 4388. This puts it close to the 4385 of the recent flag pullback.

Price is still above the rising 21ema on the hourly. Until price starts to trade sideways into a flat hourly 21ema then I will continue to bet to the upside with a target of 4385

Komentar:

I am expecting some sort of deep pullback that will break the hourly 200sma to form an equal low at 4260 area inside of a falling wedge pattern. Because CPI and FOMC both are this week, I believe that will be the catalyst to send it down.

Komentar:

Everything lines up to a pullback into the 4 Hour rising 200sma with the measured move up to 4575. With my previous post about the monthly chart, it also is at 4575. I believe the market will remain bullish until at least that level. Will it fail there or form a double top at 4800?

Komentar:

Here on the monthly like I said earlier, the measured move objective is at 4525-4575 area. Everything is lining up from the monthly all the way down to the hourly.

Komentar:

3 Minute chart from June 9th and how it lines up with how I believe the Monthly will behave. The 4 Hour measured move lines up with the 4525-4575 area which coincides with the monthly 0.786 fib retracement.