Morning Insights - ES/SPX

8/20/2024 - Monday

Aug 20, 2024

Good Morning Traders,

We have had 9 green days in a row now!! Just an unreal push and as crazy as that sounds we could go higher. However at some point there will be profit taking and rotation. Where it will happen we don’t know but we could be approaching a potential area as we speak so I encourage you to exercise caution up here as we have been balancing all night at the highs with serious resistance directly above us. Take a look at the video as I go in detail about what we need to be looking for in both situations. Also I go into the the 4hr and make sure you blow your screen up so you can get a full view of the the area of interest to me.

Be safe today and lets conquer these markets
Cheers
Ryan Bailey