ES Morning Update March 18th

Yesterday, the plan for ES was straightforward: rally to ~5755 (adjusted for the June contract, previously 5703 on March) to back-test the 3-month megaphone breakdown from last Monday. The market followed through with an 88-point rally to that level before selling off.



As of now:

• 5720 (reclaimed) and 5698 are key supports

• Holding above keeps 5739 and a second test of 5754 in play

• If 5698 fails, look for selling pressure toward 5668