ES Potential 22 Continuation Up/ Price Story Review is at the bottom
ES is back in its old weekly price story from 2022, back above last year monthly trend line in green and currently sitting at 6m .50 retest level.
Our upside target is $3941.25 $3965.75 and eventually the monthly .50 at $39.84.25 ill break down more in weekly price story below.
Price prediction for this week
- Price will hit $3941.25 once we trigger up and push through the .50 6m retest.
- See video on how to play ES this week
PRICE STORY
On the bigger picture we got back into the old story from last year and pushed above the monthly trend line. Safe to say we did a retest of that trend line and now bouncing but I won't get a head of myself.
What to expect?
- As of now we are at the .50 of a 6m retest, it would not surprise me if we have a sharp rejection from this level.
- Looking at price on the 4h timeframe that candle body close is indication we pull back, that is the time you look for the price story box to hold
- Lets dive in via video
HOW IT PLAYED OUT?
