Markets showing a little bit of weakness this morning following last week's move higher. Not much to say here other than to maintain my preference of buying the dips. We have been experiencing relentless bullish action over the past three months. As long as the price action continues to confirm it, I'll continue to expect it.
Looking a little further ahead however, I will be watching the 1440-1450 range. If the ES trades there in the next week or two, I like shorts and will expect a pullback to at least 1400 from there.
Levels to watch today on the ES:
Resistance above at: 1400.25-1401.25, 1403.25-1404.25
Support below at: 1394-1395, 1388-1389
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