Morning Insight - ES

9/5/2024 - Thursday

Sep 05, 2024

Good Morning Traders,

Big news today—there are significant red tag events on the horizon, so be prepared for some potential volatility.

Overnight, we’ve balanced at the lows, and we’re now at an extremely critical area: 5516.25. This level must hold; if it doesn’t, things could get quite nasty below us. However, if this area holds, we could see a strong pop to the upside.

This is a crucial level to mark on your charts, as it will guide our direction moving forward. For a deeper dive into my thoughts on today’s market, check out the video below.

Stay careful and diligent today. Talk soon—cheers!

Ryan Bailey
VICI Trading Solutions

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