ES1! - Macro Bulls Loosing Power?
Throughout the last few weeks, ES has gently tricked to the upside but this week is looking a bit different.
Throughout the weeks, from the beginning of 2024, there has not been a bearish market shift in structure before repricing to the upside yet but with Wednesday, Thursday and Friday being down close days, sellstops could be i danger of being liquidated as near lower highs has formed whilst pushing on further to the upside.
My bias for ES is bearish this week into the daily fair value gap located from 5092 - 5020.25 with consequent encroachment being @ 5056.
Throughout the weeks, from the beginning of 2024, there has not been a bearish market shift in structure before repricing to the upside yet but with Wednesday, Thursday and Friday being down close days, sellstops could be i danger of being liquidated as near lower highs has formed whilst pushing on further to the upside.
My bias for ES is bearish this week into the daily fair value gap located from 5092 - 5020.25 with consequent encroachment being @ 5056.
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Incorrect contract month!
