Dec 7th/Dec 8th Quick Chart Update & Analysis
Incredible strength for ES and we got a over 100 point rally. My target of 4630-4640 overshot and price paused at that 4655 zone and rejected a little as of writing. As those reading yesterday know, this is resistance of the all-important red falling channel from the Novembers highs. This is the only pattern to watch, now at resistance. There are a few concerns though - here’s what I’m looking for (chart & analysis below)