#ES_F 3.15.23 Day Trading Prep
Diupdate
Tuesday 3.14.23 Review : We were looking for possible lower continuation but market had other plans, as we noted IF 3892-87 holds and we can get over 3932-27 we can see a push into upper Supply area, I didnt see it pushing that much in but what we did is we took it, held over it and then rejected from next Key area which was even better. If long to supply was missed there was a nice trade from 3976-71 -57-53 back towards the value at 3932-27 which we broke into but got short covering end of day back into Resistance.
Wednesday 3.15.23 Prep : Globex opened in the 3957-44 Supply area, we pushed above sold into the stop run and dropped the bid. Once we broke 3944-40 and broke inside 3931-3892 we went straight to the bottom which is telling us not that much support there, all of our buyers are under 3870. We now have short covering here at the bottom of Daily Support, things are looking like we could at least continue towards our 3866-47 target and possibly a break below? We are under Previous Day Range but inside T2 range, IF we fail to get back inside Previous Days range and hold under 3892-87 that might give us the move lower and if we can break 3853-47 T2 low and 3839-35 would be our targets, if selling is strong we can continue lower our next Daily Support is 3809-3787 we can see buyers around there or before. IF we end up holding 3878-74 // 3866-63 we could see a move back over 3892-87 where we can target Previous Day low and then watch if we accept back in it to continue higher towards Supply but for now Supply is above us and buyers are under 3870-50-30
Levels to Watch
Resistance : Key Daily 3957-53 Key Intraday 3915-10 // 3932-27 // 3944-40 Current 3901-3898 3892-87?
Support : Key Daily 3866-3847 Next Daily 3809-3787 Key Intraday 3878-74 // 3853-47 // 3839-35 // 3809-05
Wednesday 3.15.23 Prep : Globex opened in the 3957-44 Supply area, we pushed above sold into the stop run and dropped the bid. Once we broke 3944-40 and broke inside 3931-3892 we went straight to the bottom which is telling us not that much support there, all of our buyers are under 3870. We now have short covering here at the bottom of Daily Support, things are looking like we could at least continue towards our 3866-47 target and possibly a break below? We are under Previous Day Range but inside T2 range, IF we fail to get back inside Previous Days range and hold under 3892-87 that might give us the move lower and if we can break 3853-47 T2 low and 3839-35 would be our targets, if selling is strong we can continue lower our next Daily Support is 3809-3787 we can see buyers around there or before. IF we end up holding 3878-74 // 3866-63 we could see a move back over 3892-87 where we can target Previous Day low and then watch if we accept back in it to continue higher towards Supply but for now Supply is above us and buyers are under 3870-50-30
Levels to Watch
Resistance : Key Daily 3957-53 Key Intraday 3915-10 // 3932-27 // 3944-40 Current 3901-3898 3892-87?
Support : Key Daily 3866-3847 Next Daily 3809-3787 Key Intraday 3878-74 // 3853-47 // 3839-35 // 3809-05
Catatan
Failure to hold under 3901-3887 could give us a push out if we get back over 3900 and accept in Previous Day range we could see another push higher if this buying is real we can see move towards next Daily Resistance , this is the area to watch. And if we run out of buyers we can again rotate back down.
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