es 6-16 update ~
es ended up rejecting close to the level which i talked about in last nights post - kinda surprised it didn't make it up those last few points.
you know what this means though?
weakness.
---
there's a notable pull wall at 3600, and a notable call wall at 4280 expiring on june 30th, which was opened by jpmorgan.
these are our major support \ resistance levels going into the next two weeks.
the walls can be moved up \ down accordingly to adapt to the changes which are currently taking place behind the scenes.
---
our group capitalized on that fomc fake out yesterday \ moved to cash overnight.
looking for a fairly larger opportunity in the weeks ahead.
---
cash is still king,
short term scalps are the only way to trade the current market condition.
trade safe,
practice proper risk management
and have a blessed rest of your week 🤝
you know what this means though?
weakness.
---
there's a notable pull wall at 3600, and a notable call wall at 4280 expiring on june 30th, which was opened by jpmorgan.
these are our major support \ resistance levels going into the next two weeks.
the walls can be moved up \ down accordingly to adapt to the changes which are currently taking place behind the scenes.
---
our group capitalized on that fomc fake out yesterday \ moved to cash overnight.
looking for a fairly larger opportunity in the weeks ahead.
---
cash is still king,
short term scalps are the only way to trade the current market condition.
trade safe,
practice proper risk management
and have a blessed rest of your week 🤝
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