ES/SPX levels and targets Aug27th
On Friday, my target for the rally was 5654, and 5654-5588 range continues to be a volatile chop zone. As I mentioned, 5630 is acting like a magnet, with five losses and recoveries since 3pm. Chasing or overtrading here is a recipe for losses.
As of now: No changes. 5630 and 5619 are supports. As long as buyers hold, 5640 and 5654+ remain in play. If 5619 breaks, I’m selling at 5604 and 5588.
As of now: No changes. 5630 and 5619 are supports. As long as buyers hold, 5640 and 5654+ remain in play. If 5619 breaks, I’m selling at 5604 and 5588.
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