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Tomorrow ES trading:
· Bias neutral.
· If today is the short term bottom, ES could rally to 1892 or even 1910 area in coming days. (50% odds)
· If tomorrow ES can stay above 1859, the odds is in favor the rally. But if it goes below 1859, be cautious with longs.
· Bulls don't want to see ES below 1849.
· If big gap up open tomorrow, we will see whether bears can take it down or not. If big gap down open, we will see how low bears can push it. As long as it stays above 1849, it is in favor the bulls.
· Levels to watch: 1910~1907.5, 1892, 1985, 1859, 1851.75~1849.25, 1836, 1812 |
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