Why ES May Be Headed For 5,000
The ES is primed for a test of 5,000! 🎯When analyzing the market environment, I always look for three key scenarios: range expansion, consolidation, or mean reversion. Currently, the ES is showing signs of range expansion with a target of 4,974.
In this informative video, I explain my prediction and the indicators I rely on to support it. 📊 By utilizing Bollinger Bands, the 5-day SMA, and my Beacon indicator, I have identified a strong case for the ES reaching 4,974. 📈💪
But that's not all! 🚀 I also delve into the divergences of the RTY and NQ, highlighting important considerations for traders. Plus, I stress the significance of keeping an eye on ZN as a potential leading indicator for the ES.
In this informative video, I explain my prediction and the indicators I rely on to support it. 📊 By utilizing Bollinger Bands, the 5-day SMA, and my Beacon indicator, I have identified a strong case for the ES reaching 4,974. 📈💪
But that's not all! 🚀 I also delve into the divergences of the RTY and NQ, highlighting important considerations for traders. Plus, I stress the significance of keeping an eye on ZN as a potential leading indicator for the ES.
