💹OPINIONS. Carl FUTIA.
🔹The ES has been repeated turned back from 2603 resistance. A drop to support in the 2515-19 zone is now likely. I expect the ES to swing up and down between its Christmas Crash low at 2316.75 and its 200 day moving average at 2740 for the next few months. A bear market low near 2100 is likely in October 2019.
🔹Resistance above the market is still at 2603. But there is now lower resistance at 2583 and as long as this latter level holds I think the ES is headed down to 2515-20. Looking further ahead the market is likely to swing up and down between 2317 and 2700 for several months