The ES has retraced 61.8% of the way back up to yesterday's highs following a similar bounce in European markets. I expect continued choppy action within the recent range today. Will be interesting to see if the 1390 level will hold on the ES as we enter next week. I believe it will and that lower lows are ahead. We'll see.
Levels to watch today on the ES:
Resistance above at: 1380-1381, 1385-1386, 1389-1390
Support below at: 1370-1371, 1365-1366
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