ES 2/13

ES 2/13

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ES Potential 2-1-2up or 2-1-2down or Outside bar due to Volatility of CPI

We stayed inside last week and still currently holding that yearly BR which we haven't held the past 2 times we got above it.

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The main focus this week is that $4075.75 yearly bF area, so this week we will play this a little differently.

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Price prediction for this week
  • Price should bounce off the $4075.75 early in the week and hit $4109.25 $4124.25 $4136.00 that is the max I am willing to state this week for you guys to play. Ill explain why in the video.
  • See video on how to play ES this week
  • PRICE TARGETS
    • $4109.25 Monthly Trigger Retest and $4124.25 $4136.00
    • $4075.50 Yearly BF retest again and potential fail
      • On fail it will head to $4052.00, $4014.00
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PRICE STORY

Price is holding the yearly BF and that is what is holding it up as of now, however Price is either setting up for expansion or the test of the price story .50. We have not tested the the price story .50 or .618 so the structure is holding for continuation. That’s what we see and that is what we know to be true, but what we also know to be true is a test of the price story .50 will happen so we will prepare our mental for that.

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What to expect?

  • As of now price closed below the yearly .50 we got our monthly trigger retest and bounce. Now we are under the trigger.
  • The focus area last week $4075.50 level to hold which it did, so early this week we should bounce off that being that it’s the first test on it.
  • Lets dive into the price story via video
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