The Pit Friday ES Pre Market Review

Both RTY and NQ are trying for the upper band 2nd stdev on the Daily. Both could potentially open weak but it is Friday and they love to close high so they can enjoy their trips to the Hamptons. Any weakness can pull the ES into a Support level and BTFD opportunity. The ES has come a long way since the Great Depression of Mid June 2021 so if we break 52.50 we could see a move to 41.50 and potentially lower if Longs liquidate. Ultimately I expect 24.50 to hold any major pullback. I think for Buyers a run at 4300 is doable today. Major Offers at 4280 which is just shy of the 3rd Stdev on the Daily. Natural target there.


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