Last Friday, the
ESZ1 contract closed a doji candle just outside of the upper range of its daily
down channel (blue). It also closed below the 50EMA (magenta), and also found
support at the 5EMA (blue). It will be interesting to see if the bulls can push
us above significant overhead supply at ~118000, or if the bears can continue
the longer term downtrend by taking us below ~114000 this week. The horizontal
green and red lines are significant support and resistance respectively.
10/6 Market
Profile Levels:
UVA: 116075
POC: 115550
LVA: 114900
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