ESZ21 – Technical Chart

September 20, 2021

“These aren’t the droids you’re looking for…”

Anticipating volatility and expanding ranges from here. Some high-level CB decisions this week with FED, BOJ, and BOE releasing interest rate decisions. Expecting further upside in /ES this week accelerating as FED reveals tapering plans to balance sheet.   This is not the LT reversal that shorts are looking for.  Those shorts not closing out here will likely get trapped as new cap lift offers on the discount.  High buyside liquidity at 4325-4330.50.  Watching LT buyers to step in and absorb bids there.  Tracking our RT signals for the innovator long.  The upcoming move higher will be aggressive and high energy.  Our upside targets are 4562-4571/es.

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