Author name: sunygxc

What you need to know ES1 (SP500 Generic Front Month) – 7.12.23 *I realize how monotonous the last few weeks of reports have been.  I have continued to repeat a few major points. – First, 4500 was our ultimate upside target for the rally/breakout above 4200 back in the beginning of June. Also, the 4500 […]

What you need to know ES1 (SP500 Generic Front Month) – 7.11.23 *As the Index tested long term resistance at 4500 for the second time (B) on Jun30/Jul3 three downside targets were identified.  The 10dma (ref 4450), 4400 and 4300.  The low for the current retracement is 4411.  With that, the first downside target (10dma)

What you need to know ES1 (SP500 Generic Front Month) – 7.10.23 *Price action for Friday’s session found the Index falling within Thursday’s range as it achieved a lower high and a higher low. The close came at 4434, below the 10dma (ref 4441), as momentum (M1, M2) degraded further. This action was expected. The