Hello Everyone,
As posted on the trading community and discussed in the weekend newsletter, the major indices and many sectors looked vulnerable as of Friday close. Today, we experienced more downside probing with most sectors closing red. Tomorrow, we have a few news items (20 year auction and Fed minutes) along with NVDA earnings. For tonight/tomorrow, I'm watching ES 4992/5000 as resistance overhead - if unable to reclaim then favor a retest of 4970 pivot with the onus now on the bulls.
On ES gap today around 5113 also a hurdle for the bulls.
ES levels posted on the trading community and updated when appropriate.
Please take a moment to look at the trade ideas.
