ES reached the very top end of our initial downside target yesterday, about 6 points above the 50-day moving average and 361.8 Fib extension. It tagged both overnight, leaving traders to wonder whether or not the 200-day is still in the picture.
There’s a very good chance that the release of FOMC minutes at 2pm ET will be the deciding factor.
continued for members…
Sorry, this content is for members only.
Already a member? Login below…