IchimokuTrade $ES Emini Sp500 Trading Levels. At this time, the US stock markets are consolidating and trying to figure out which way to go. The $ES Emini SP500 is ranging between 2019.25 and 2053.00. If price can break the resistance, then we will have a high probability to retest the high. If we break the support then a bearish trend on day/swing trading time frames can develop.
The long term view can be seen on the weekly chart. The weekly chart is shown below. The sentiment is bullish but a “healthy” pull back is needed since price has gone up too fast in a short amount of time. As long as we maintain the major support at 1968, the long term view will still have probabilities towards the bullish side.
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