A look at the $ES_F overnight price action & the 15 min Chart

15 min ES

Resilience over 1450 further solidified the 1463/1450 channel today as the ES_F further digested the new years run up of nearly 10% in 3 sessions.

The white line @ 1450 is the even horizon into 1443- then next story is 1440 (charts below fold) …

That being said take a look at the overnight activity down into the 1452.50 level, the head of the inverse H&S from earlier in today’s session.

5 min ES

Note the gap under 1440 into 1425 – this is a zone of air and confusion IF and when the price re enteres the zone if 1440 were to fail this week. Count on it surely.  on reverse side.. over 1463 means 1468 year highs are in the sights of the shooters.

30 min ES – 

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