Background

ES E mini SP500 Pre Market Look

Currently looking to open the ES E-mini S&P500 in Friday’s range and in value. GBX tried pushing higher and failed into value. Tested breaking lower value and rejected back into value. RTY looks weak if it cannot hold its 50 DMA look for a red day in SP500 Fin. NQ looks stronger than it did last night. If NQ is strong and RTY can get on board and hold its 50 DMA look for a slow move higher in the ES with 76 and ultimately a test of 4400 and 4429 extreme. If RTY cannot hold its 50 and NQ fails back inside Friday range, look for ES to test PDL and ultimately 4302.75 extreme low. Of course RTY can be very weak and NQ could be strong and we could have ourselves an inside day looking for ATH Buyers or Sellers willing to Sell a Bid market.

Trading Futures, Options on Futures, Options, Equities, Cryptocurrency and Retail Off-Exchange Foreign Currency Transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.

#PitFuturesTrading
#SierraChart
#Footprint
#TimeandSales
#VolumeProfile
#MarketProfile
#EminiSP500Futures

https://thepitfuturestrading.com

Be the first to leave a comment

Leave a comment

Your email address will not be published. Required fields are marked *

0%

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation