E-Mini S&P 500 Futures Detailed Review for Monday March 22, 2021
Today’s E-Mini S&P 500 futures (CME: ES, MES) detailed review.
- Sellers were unable to push price down for me get long on a pull-back.
- I shorted a deeper push into initial key resistance expecting a decent bounce down, but buyers were absorbing selling and sellers just couldn't push through the wall of demand. I exited with small loss.
- Upside target was hit, but no real way to get in on the movement.
- Something to note from today is the braod makret disconnect. Larger timeframe buyers are driving price up, but the broad market was balancing. The move is unlikely to be sustained if we don't see the broad market starting to participate.