Stock, Option and Futures Trading
ES Market Update
Even though we are down on the day the pattern to make a new high around the 1288 is still valid. We broke the trend line and we have now came back to retest the trend line so there is more support in this market than some might think.
From the low we are currently at the move up into the 1250 will be important to tell us if we make the new high or roll back over at the 1250 level.
For now we would say the short trade intra day is over.
This is why we would look to cover FAZ if you are still in