How high do you think ES will go?

I think the short term bias is in favor of higher prices but too many uncertainties in our world now days....very choppy price action.
If we can close above that level ( 4430), I think we will see another leg up. You have Powell speaking twice this week and the market will look for more clues to confirm rates are not going higher.
 
CannonTrading_Ilan said:
I think the short term bias is in favor of higher prices but too many uncertainties in our world now days....very choppy price action.
If we can close above that level ( 4430), I think we will see another leg up. You have Powell speaking twice this week and the market will look for more clues to confirm rates are not going higher.
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I think we have a few more months of weird scenario where bad economic data makes the stock market go up.

After that, probably pretty significant drop in the indices.
 
farmerjohn1324 said:
Do you think this bullish trend will last for a while? Will it surpass the highs of July? Will it approach the levels of late 2021/early 2022?

Do you think it's just a fake bounce and will go down once unemployment rises more and more?
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barchart.com has a 48% buy overall on it;
60 %buy short term , looks more likely 60%.
Cash SPY has a good UP gap, see how it closes last 30 minutes [2;20 CST] must be AI related like qqq+ related ..................... So yes most of NOV/most likely
 
schizo said:
Nice trade but that's a huge stop.
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you are right. We did move the stop up pretty quickly if you look at history.
 
$VIX daily chart 5 out of the last 7 days were either inside or outside days (white dots - see previous examples) right above near term support:-

! VIX.png


Most likely it will stay relatively quiet until Thanksgiving in in the rear view mirror but then watch out (maybe).
 
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