After tumbling to an early low down 15 points, the ES snapped back to finish with a very small loss 0.25 points. A head-spinning whipsaw!
1204.75-1206 range remains an important level for today’s trading. As long as this range is not breached by an upside push, the H&S pattern remains intact.
But the price will continue to chop around the 10- and 20-day moving average lines until the strength of those two lines disappears.
A move above 1206 will breach the H&S pattern, and the price could go up to1211.50-1214.50 range to fill the Nov 11 gap at 1211.
To see how you can monitor Nat’s service for a full week for only $1, go to this page.
ESZ0 Daily chart
ESZ0 Intraday – 60-minute bars
