Morning Insight - ES

9/10/2024 - Tuesday

Sep 10, 2024

Good Morning Traders,

Last night, we continued to balance between two key 4-hour levels: 5489.75 and 5466.75. A breakout above or below these levels could push us further in that direction. While there’s no major news to speak of today, it seems that value was accepted overnight within this range, and we’re currently pushing higher toward the 5513.75 area.

This 5513.75 level is crucial—watch closely for a reaction here. The 4-hour chart needs to gain support at this level to signal further strength.

Take a look at the video below, where I highlight important areas on both the profile and structure that we need to get above or below to see continued progression.

Be careful today, stay sharp, and let’s conquer these markets!

Ryan Bailey
VICI Trading Solutions

News