ES - Strong rejection of lower prices

On ES , it's nice to see a strong buying reaction at the price of 5697.

There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.

Strong rejection of lower prices and high volume cluster are the main reasons for my decision to go long on this trade.


Happy trading

Dale