ES finally reached the final double bottom target today. On any continued rallies, the next target is the 200 sma (levels in the weekly newsletter) and then there is a major cluster at 5,835. As outlined in the newsletter, we had a pullback that concluded yesterday to the daily rotation zone and now we have rotated higher. We do have a potential double top in place but it would require a close below 5596 to trigger and if that happens then I would be more patient on pullbacks.
Published May 08, 2025Updated May 08, 20252 min read
ES finally reached the final double bottom target today. On any continued rallies, the next target is the 200 sma (levels in the weekly newsletter) and then there is a major cluster at 5,835. As outlined in the newsletter, we had a pullback that concluded yesterday to the daily rotation zone and now we have rotated higher. We do have a potential double top in place but it would require a close below 5596 to trigger and if that happens then I would be more patient on pullbacks.
