Hello Everyone,
During the final hour of trading yesterday, I posted that both the SPX/QQQ had broken above a previous high (15 minute chart) and thus had a break of structure creating a demand zone below. I posted that on a pullback into that demand zone one could go long against the prior low. This was also supported by the pullback from the 9/11 highs being corrective (3 waves) and today we had a gap and go trend day. With that being said, the SPX has now pushed up into fresh Daily supply so we are at a decision point here coming into OPEX. The BULLS remain in control with no small time break of structure transpiring into the close.
ES initial support below 4551/48 and 4542/40 with resistance at 4565/71 4585/95
Please take a moment to look at the trade ideas.
