Obvious buy programs and controlled short covering but at some point, very soon, the auction WILL retest the top of last nights gap (~7542). September contract for #ES_F . The main concern for anyone looking to fade is that SPX can still retest ATH or overshoot and squeeze. GL💦
Everyone underestimates retail but they can guh SPCX all the way to 300 before by middle of next week. We’ll see but I wouldn’t bet against it yet and I’m not a buyer either. Just looking for inefficiencies in the auction once the dust has settled
IRAN FOREIGN MINISTRY SAYS NOTHING HAS BEEN FINALIZED AND NO FINAL DECISION ON AN AGREEMENT HAS BEEN REACHED, DISMISSING REPORTS AS SPECULATION. - IRNA
Kan News Reporter: About an hour ago, a B-52 American bomber was detected on flight tracking sites heading from the American base in Sicily towards the Middle East. The plane turned off its transmitter - the flight path is still unknown.
t.me/SuliandItay/15332
Pretty simple edges for ES today; 7425-7275 chop with 7450 pivot. Bearish imbalance on the volume profile, POC from yesterdays open ~7445 and POC from yesterday’s RTH close ~7412. GL