Dec. 6 at 1:54 AM
$ES: The current market context shows a bearish trend, with the last close at
$67.06 and an RSI of 32.13 indicating oversold conditions. The price is below both the 30-day MA of 70.83 and the 50-day MA of 71.23, which reinforces the downward pressure. However, the RSI suggests a potential reversal as it approaches the oversold territory.
Directional bias leans bullish for a short-term recovery, especially as the price is near the 60-day low of
$62.89.
Suggested trade plan:
- Entry:
$67.06
- Stop Loss:
$65.00 (approximately 3% below the entry)
- Take Profit Targets:
- TP1:
$70.00 (4.4% gain)
- TP2:
$72.00 (7.5% gain)
- TP3:
$78.50 (17% gain)
This plan capitalizes on a potential rebound while managing risk effectively. Monitor price action closely for confirmation of the reversal.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
