#ES_F 2.07.22 Overview and Levels to Watch

Quite Globex after some big moves last few weeks. Today we might have a balanced day on our hands but lets breakdown our possible scenarios. On the upside we have 4508.75-4505.50 as our PM resistance and 4524.25-4519 as our Key Resistance, if we manage to break over and hold then we can see 4536.75-4532.50, 4551.25-4548.75 We expect to see sellers at those areas unless we are going up on big volume and break through them clean and 4570-4562.50 as the next bigger resistance area where sellers should also be active. On the downside we have 4479.75-4475 as our PM support and holding below it are first signs of weakness and can take us to test lower areas at 4465.25-4460.25, 4447.25-4445 and maybe 4437.75-4432.50 which is our Key Intraday support, if broken and we can get under 4424.50-4418.75 then could see more downside. Manage expectations and trading level to level will win the day.