ES is essentially in a 2-week balance, after we briefly broke the weekly time-framing up. ES broke below the prior week low and failed to break the prior week high. However, over the weekend and Monday’s abbreviated session ES has jumped back to ATH’s with more optimistic news in Iran. Currently, ES is hovering around the prior weekly high from 5/11, which was the top of the 2-week balance.
Let’s take a look at what to watch out for today and today’s key levels.
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