ES/SPY Weekly Levels (Jun27-Jul1)

27 มิ.ย. 2022

Here are the key levels I am looking at going in to the final week of June. This week we close out the month and the quarter so keep that in mind as we get closer to Friday.

• 
  Starting week after big 6.54% move up
  Bias in now Bearish==>Neutral
  Price now above 9/21 ema cloud
  Currently just below LTF 618 resistance
  Still room above as the 55 ema and HTF 382 Fib look attainable
  Notice the dueling Fib zones where the 382 of the HTF meets the 618 of the LTF at the key 3900 level
  Price needs to break through 3900 to maintain positive momentum.
  May see pull back to the 21 ema and LTF 382 fib below before moving higher
  Jun 17th low still key pivot to the down side
  May see some sideways price action going into end of month and a new earnings season.
  
  

More data and up dates to follow.

27 มิ.ย. 2022

บันทึก

Currently testing the 21 ema already. If the level fails next level down is the bottom of the fib zone and the 9 ema marked with green arrow.

29 มิ.ย. 2022

บันทึก

ES not respecting the technical levels as well as the NAS. Falling in this slight downward wedge. Most price action seem focused around the whole numbers. 3900 appears to be key right now. Above look for 4000. Below look for 3700/3600.