Hello Everyone,
The ES Weekly level of interest 4209 the high of the prior 4 month balance. A break and hold above 4209 increases the odds for a breakout attempt which would initially target 4235-50 with 4265 and 4300 next above.
Holding below 4209 would first target 4170/75 followed by 4150 and then 4100/4090. 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 4220, 4243, 4260 and 4275 with support below at 4193, 4175-65 and 4140 (triangle support). If lost could accelerate downward.
Happy Memorial Day - I want to cite those who served and made the ultimate sacrifice in service - we are forever grateful
Key Events for Next Week:
1 Consumer Confidence - Tuesday
2. Jolts job datat - Wednesday
3. ISM Manufacturing Index - Thursday
4. Monthly Payroll Report - Friday
5 DEBT CEILING VOTE
Please take a moment to look at the trade ideas.
