Hello Everyone,
Thursday's Comments:
Monthly Payroll Report tomorrow so could see a range expansion. On ES watch for support around 4560/70 and a break above 4600 could target 4620s and then 4640. If tags upper area could see a move back down to 4600 to retest breakout.
Monday's Comments:
ES managed to achieve the price target (4520s on the December Contract) that was given on Thursday. Today, I put out some targets for the SPX (4618/26) which were also reached during today's session. One thing to be aware of is the SPX open gap from March (2022) that ranges from 4637-4662 overhead. The Bulls still remain in control ahead of the CPI and FOMC this week - expect volatility around these events.
Administrative Note: Best Wishes to all while I'm away the next week.
Please take a moment to look at the trade ideas.
