ES 2/19

We went 2down last week for the first time this year and still currently holding that yearly BR with a close right at the line.

The main focus again this week is that $4075.75 yearly BF area.

• Price should once again bounce off the $4075.75 level and hit $4125.25 $4136.50 if we can sit and close above the $4136.50 level we can reach again for the top of the price box
• See video on how to play ES this week
• PRICE TARGETS
• $4109.25 $4125.25 $4136.50 $4155.25
• If we do not hold above the $4125.25 and Reject we will hit the following Targets below
• $4052.00, $4014.00 $4005.25
• Please note that if price comes back to that Yearly BF, it will come through it.

Last week Price Action thoughts below still stands.

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.

What to expect?

• As of now price closed right at the yearly .50 and just below my weekly BF, whenever we break through into a BF, a retest is expected.
• When price opens we will see if this is just a retest of the BF or price will actually re-enter the zone. If the price rejects then the downside targets will hit first before the upside targets.
• Lets dive into the price story via video