Morning Insight - ES / SPX

8/19/2024 - Monday

Aug 19, 2024

Good Morning Traders,

Hope everyone had a great weekend and is well rested. We are currently drifting inside Fridays Range and Value area this morning. We did however have a slight pullback into support last night during the London open and we played our area of support discussed at 5567-5557. We appear to be currently progressing higher as we have a large daily bullish imbalance that was left on Friday, and have a large weekly imbalance that could send us even higher into 5650+. Lets take a look at the areas to monitor for a sustained move both up and down.

Trade Safe and Let’s Conquer the Markets
Cheers
Ryan Bailey

Conquer the Markets Trading Plan

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