Hello Everyone,
The ES Weekly level of interest 4165. A break and hold above 4165 increases the odds for a breakout attempt which would initially target 4175-80 then a larger resistance zone 4200-4235. The previous high of 4208.50 and the unfilled weekly gap at 4220.75 are encompassed in this zone.
Holding below 4165 would target 4112-20. If 4112 is lost the next target is 4080 then 4045. Please refer to the sticky post in the trading community for updated daily levels.
Some shorter term levels to monitor early next week for ES are 4140 - moving above can test 4165-80 and remaining offered below can text 4112-20 and then 4080-70. On NQ some key levels to monitor next week 13,000, 13,360-70 , 13,480-90.
Administrative Note: I will be away traveling 5/17-5/22 (Wednesday Thru Monday)
Happy Mother's Day!
Headline Releases Next Week:
1 Retail Sales - Tuesday
2. Fedspeak - 14 Fed Speakers including Powell on Friday.
3. Retail companies report earnings next week.
Please take a moment to look at the trade ideas.
