Sending out a quick Sunday night update here to reflect the futures open and plan for tomorrow - one was sent out Friday evening also so obvious no big changes since then. Currently only one number seems to matter in ES though that is the 200 day moving average which is currently at 4486. Since Wednesday ES has been “pinned” in this zone. This means pops above trap people long and sell, and pops below trap people short and bounce. It is a messy, hard to trade consolidation. The only benefit is it will result in a good trend move. Here’s what I’m looking for
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