Another massive overnight ramp job…nothing new there. But, this one has led ES to an important Fib level where it seems to be pausing: the 2.24 extension of the 2007-2009 drop. Will it matter?
The great thing about ES’ overnight ramp jobs is that they allow SPX to gap right over its own overhead resistance – which in this case is SPX’s 2.24 Fib extension at 2703.62. It’s the Fib that SPX spent from Jan 3, 2018 to Feb 11, 2019 endlessly crisscrossing.
Sorry, this content is for members only.
Already a member? Login below…