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.

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