ES Levels & Targets Aug 9th

The target for yesterday in ES was 5338-42. Following the biggest day for buyers of 2024, we reached it. This area has proven to be a significant battleground/trap zone, having been tested 4x this week alone, with 20 hours spent around this level, before pushing up to the 5370s.

As of now: 5338-42 (weaker), 5328 is support. Staying above keeps 5361 and 5378+ in play. Watch for a dip to 5308-10 if 5328 fails