
The E-mini S&P 500 futures (#ES_F) experienced a notable sell-off this week, attributed to a breakdown of a 1.5-week flag pattern at 6100 following the Federal Open Market Committee (FOMC) meeting. Analysts suggest that there will be no recovery until the index surpasses this level. Looking ahead, a rally to backtest the 6100-6120 range is anticipated, which is identified as a critical decision point. Should the index pull back to this area, bulls must defend the 5928 level to avoid deeper lows. Key support levels have been established, with 6007.5 being crucial for bulls to maintain their position. A breach of 6007.5 could lead to further declines towards the 5980-5977.5 range.
6033 #ES_F https://t.co/Iqo6MT9f9P
$ES_F would treat 6007.5/15 area as key for bulls to stay above. Breaking 22.5 might trigger a similar day like Friday. Short cover rally on friday and tomorrow we find out if we got new blood for upside. Losing 6007.5 leads to 5980/77.5! Oct VAH + Nov VAL + Dev Dec VAl = key… https://t.co/6oTn12bydY
$ES Quarterly, Monthly, Weekly, Daily Spreads https://t.co/DQe7tbYvKY https://t.co/19rtaWgZMk





