ES 1/29

ES at that yearly BF line for the 3rd time and as you can see we have sold off on each attempt to hold it once break over. However my conspiracy is “the 3rd time is the charm” lets see if it works this time lol.

The main focus this week is that $4030.50 monthly .618 level, as I stated last week we break that yearly BF(yellow line) then HELLO bulls because we will squeeze.

• Price holds above $4075.75 then hello $4155.25(yearly .50), $4175.00(top of price story box) $4180.00(Monthly Trigger) with a retrace of $4030.50
• Price fails that $4030.50 then back to $4021.25, $4014.00
• See video on how to play ES this week

Price is well above the price story .50 $4014.00, I won't be surprised if we retest that level again before pushing up. We did close right at the Yearly BF line, so its a coin toss on how we open tonight.

What to expect?

• As of now price closed right on the yearly BF line, a retrace of that weekly BF and price story .618 $4052.00 would be expected. Now you would want that to hold for continuation up.
• The focus area is that $4030.50 monthly level to hold. A break below it then the price story is your back up level to hold.
• Lets dive into the price story via video