Over the weekend, I sent out the following plan for $ES_F this week:
I gave 4115 as the pivot - whereas above this there is likely upside to follow. I stated above 4115 can see a revisit of 4156 and above 4156 we can see 4170, 4194, and 4205. That pivot held ALL week so far and we have almost hit all of those targets, currently clipping 4173 at the time of this newsletter:
You can now see the obvious bull flag breakout attempt. Now moving forward for the rest of the week, that 4148-4155 will be the pivot. Bulls want to hold that now for this breakout to continue towards the 4230 target.
In the discord we were able to catch a massive $8 Million sweep of OTM SPY calls for $422 JUN 16. This was unusual and gave us a clue that this was coming:
It happens to be that both the bull flag measured move, and the megaphone top resistance is at 4230 area. If you were long at 4115 as per my guide, please make sure to set trail stops. Breakouts are great to have a TSL and just let it run as far as it can within that TSL. If you are stopped out, then patiently wait for the next setup.
Levels for rest of week:
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