ES/MES Friday 15th Buy Pullback in Up Channel

9 Ara 2023

Even though I am still not convinced that this rally is real, I will still participate in it on the next pullback for the next leg up for about 150 points. The all time high is just a skip away. After the last two weeks of sideways consolidation, and the Friday NFP gap up, I believe it will go sideways between 4625-4680 until the end of the week for the next impulse move higher.

The 200sma on the hourly is rising = Bullish position
The 21ema on the hourly is also rising = Bullish Position

I took a loss on my last trade trying to short even though there were no sell signals yet. Currently there are no sell signals as well and only strong buy signals.

9 Ara 2023

Not

Three levels of confluence and support suggests another move higher

9 Ara 2023

Not

Projected price action for the upcoming week. I expect a sideways movement and the falling wedge on Thursday for the gap up Friday for the next leg higher.

9 Ara 2023

Not

This uptrend on the daily is ultimately, a bear flag on the monthly. I will continue to ride the uptrend until the bearish trend takes back over.

9 Ara 2023

Not