ES/SPX Morning Update Dec 27th

27 Ara 2024

This week has been about one level in ES: 6097-6100. It’s been my target since last Friday and remains a major resistance. Bulls control above it, while bears dominate below, aligned with the FOMC resistance. Yesterday, we hit the level and sold off.

As of now:
• 6060-6066 = support.
• Bulls must reclaim 6078 to rally to 6087, then 6097-6100.
• 6060 fails, and we dip to 6043-46.

27 Ara 2024

İşlem kapandı: hedefe ulaştı

Couldn't have went more textbook, as we are now, reaching sellers main target this morning 6043 to 46. Lock in gains, don't be greedy. Just a heads up..if buyers can ever get back to 6100, we will probably clear it with ease now. Of course, major points need to reclaim now, starting with 6066 and then 6078-80. Til then…sellers are in the lead currently.