Morning Insights - SPX /ES

8/26/2024 - Monday

Aug 26, 2024

Good Morning Traders,

I hope you all had a restful weekend and are ready to kick off a new week. Today is shaping up to be a quiet one with no major news catalysts on the horizon. However, we've been drifting upwards overnight, and we're now approaching our weekly resistance zone at 5564 to 5568.

It's essential to exercise caution as we near these highs. On the flip side, there's a promising buy zone around the weekly POC at 5628 area, and we've identified some key daily levels that can serve as crucial markers for gauging market direction—so we can monitor progression on whether we're moving higher or lower.

Be sure to check out the video and cheat sheets I've prepared to help you digest these levels and navigate today's market with confidence.

Trade Safely and Lets Conquer these Markets!

Cheers,
Ryan Bailey