Tuesday, July 7, 2015

#ES_F Update & Levels for Tuesday, July 7, 2015




As of now the thin profile and low volume area (LVA) above 2078s is containing ESU5 upside which means there is now very good chance ESU5 is heading to the key 2026s-2020s zone while holding below 2057s/58s this week and definitely while/if holding below 2046s today.

Only a move/hold/close above 2058s will negate lower to 2026s/25s and lower with ease.

Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC