Nitin Gupta
17 posts




Slowest day for #ES_F in a 2 weeks as we digest the parabolic run. 6745-6756 was a flag posted at 8am. I was looking for a pop to 6756. We hit it, set the high of day, broke the flag down. 6730 was support, here for 1hr. 6719, 6711 below. 6730 reclaims with vol see 6740, 6745


Closing update #ES_F: Slow Monday & all about that 6505. 6494=support as posted below there and we've been here for over an hour as well as there is no volatility. Coiled up. For those long from Fri/Sunday eve hold runner. Newsletter out soon talking entries this eve/tomorrow


Dipping nicely following last evenings 6450 short trigger given in newsletter and 6394 hit (this was sell trigger for the failure of the 1 week 6461 range). Remember when #ES_F sells it goes 'elevator down', then it always squeezes. 6407 reclaim sees 6420+. 6384, 6376 below






As discussed in yesterday's newsletter, post-trend days are low quality as #ES_F undergoes a "hangover effect". After a +100 point leg from ystds 6402 reclaim, its today Decent pop here. 6469 support as posted, with 6474 reclaim seeing 6477, 6484+. Protect gains. Sell<69 to 6455



We are now 32 points from this mornings 6301 long in #ES_F (given here 8am & in newsletter ystd) & 76 points from yesterdays 6257 Failed Breakdown. 6333 was target & 2 week ascending triangle res, testing 6341, 6348+ remain above if ES wants breakout. This is why we hold runners






The sell continues & as warned when #ES_F starts dipping, it continues until a support shelf recovers. After 6129 fail triggered the sell, 6104 had to recover to end it. We back-tested it & sold. 6078 (hit), 6062-65 were next down. Here now Bulls cant defend here fast, 6042 next




Yesterday, #ES_F saw largest red day of 2024. As per 4pm newsletter though, "elevator down" days, are always followed by short squeezes. 5928 triggered long as posted, now +60 points Plan: Almost at 6001 target. React there, then 6025 next. 5956=support. Sell 5938, new low below





