Hello Everyone,
Today was the lowest volume day of the year for ES and not one lot traded above or below my core support or resistance levels the entire session. Focus now shifts to the debt ceiling talks (currently underway) and tomorrow's CPI report. One concern for the bulls today was their inability to close today's gap both on the SPY/QQQ as gaps are typically associate with W-3 or W-C of some degree.
For tonight/tomorrow on ES, core support remains 4129-33 (tested several times and weaker). Holding support would target 4148 and 4159 initially and if lost 4118 then 4100.
Some terrific trade ideas over the past two weeks including several from last night.
Please take a moment to look at the trade ideas.
