Short ES from 5540
ES had a strong rejection from all-time highs on Friday's session. Given that reaction, I think we need to find a value area low before reaching for new highs again. There is large resting liquidity in the 5543-5545 area. My hypothesis is that we'll touch the low 5540's before heading back down in Monday's session.
Setting a sell limit order at 5540 with a stop loss at 5546 if that liquidity is breached. Looking to take profit near Friday's lows.
Setting a sell limit order at 5540 with a stop loss at 5546 if that liquidity is breached. Looking to take profit near Friday's lows.
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