In this week's analysis of the ES futures contract, it still looks reasonable to expect bullish price action.
Given the price delivery over the past few weeks, it appears that large institutions are continuing to push the market higher — a strong signal to maintain a bullish bias!
Key levels I'm watching:
Bullish target: 5,590 (with potential for even higher moves)
Support zones:
First support around 5,497
Stronger support around 5,447 in a worst-case scenario
While it's important to recognize that we may be approaching a "high" within the larger downtrend, from a short-term perspective (this week), I expect these support levels to hold and for bullish momentum to continue.
Of course, as with all speculation, we’ll monitor closely and react accordingly — always studying price action one candlestick at a time!
Given the price delivery over the past few weeks, it appears that large institutions are continuing to push the market higher — a strong signal to maintain a bullish bias!
Key levels I'm watching:
Bullish target: 5,590 (with potential for even higher moves)
Support zones:
First support around 5,497
Stronger support around 5,447 in a worst-case scenario
While it's important to recognize that we may be approaching a "high" within the larger downtrend, from a short-term perspective (this week), I expect these support levels to hold and for bullish momentum to continue.
Of course, as with all speculation, we’ll monitor closely and react accordingly — always studying price action one candlestick at a time!
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Additional Justification for the price movement higher from the levels mentioned. Note that the wk(ob) is at the discount area for the 1hr range so that makes it more probable (at least 50-50).
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Note that from the first support, are price expanded to the top side after a 50% discount Note
Watch the beautiful support from the PWH as mentioned :).No I did not take the buy just tape reading
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The support price is 5,497Trade active
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level for profit 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.