#ES Futures Overview and Levels to Watch

#ES Futures Overview and Levels to Watch

We had some selling in our Sunday/Monday Holiday session which got us down to one of our Key Levels at 4272-4265.50. We looked below, came back in and were able to rally back up and get over upper Key Level at 4327.25-4321.50. So what can we see today? Last night Globex was a double distribution, on the downside we have 4327.25-4321.50 as our current PM support, getting below that will be our first sign of weakness and opens the door for 4310-4307.25, 4291.50-4286.75, Key Support at 4272-4265.50 and our Globex Low at 4252.50-4247.50 which if gets taken out can see more downside. The upside scenario, holding above our Key Support levels, leaves the doors open for a test of PM resistance at 4349.50-4345.25, 4362.75-4359.50 and T+2 Low which is right at our next Key Resistance at 4378.50-4374.75, Key resistance and 4392.25-4389.75 needs to be broken for any more upside. Lets see what this week will bring.

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