(NYSE:ES) | Weekly

Moving to a higher time frame to take a look at ES (NYSE:SPY) Futures...

Market finally got a close above the 50% range from 2022, creating a bullish volume imbalance in the process. For those who follow my content, you know I have been bullish for some time now, BUT, to be fair, IF the bears are to step up, I believe it will be at 4328, which is weekly buyside liquidity, inside a bearish imbalance and slightly above the .62 retracement, which could be the recipe to create some downside.

I scalp 90% of my trades, so the higher time frame really does not play too much of a factor for me, but it does add an extra layer of confidence in terms of directional bias.

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