Dislikedhey pres, good to see you back!
Attached is ES today, after NFP. There is stopping volume at expected support on the 15M. Although the bar closes up form its open, it closes down on the low relative to the previous bar given the big gap above. he next bar is also down. Would you consider this stopping volume that is not confirmed?Ignored
If we close below 1180-1175 today then I see a possible move down into the 1135-1130 zone next week. I see ES and Oil both as weak ATM and have been watching what appears to be dist on both items on the 1hr charts.
Remember when we are at an area of support where stopping volume may be expected but can also be absorption trying to break through. Next bars are key.
Today's zone = Tomorrow's opportunity!