ES is now in a 2-day balance. Yesterday we spent most of the morning session inside Tuesday’s IB. We eventually rotated down, taking out the IB low for the session followed by Tuesday’s IB low. Though each time, buyers tried to push back, and were not able to take over the IB mid before breaking through Tuesday’s LOD. Once this occurred in the afternoon, it presented a good buying opportunity as ES was finally able to push past the IB mid and make a run for the HOD, closing out the day less than 5 pts away.
Let’s take a look at what to watch out for today and today’s key levels.
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