E-Mini S&P 500 Futures Pre-Market Breakdown for Friday April 09, 2021
Today’s E-Mini S&P 500 futures (CME: ES, MES) pre-market analysis.
Trade ideas I am looking for today (not investment advice)
- Higher probability and shallow test expected: short from yday's high to initial key resistance. Expecting weak buying up into that area. Watch TICK for signs of balance (+600 and -600 swings).
- Higher probability and deeper test expected: Long initial key support. Expecting chop around the 4081s and could slowly rotate uyp to the 4089s. Don't expect a whole lot from here today. Don't catch a falling knife here if market is in liquidation mode.
- Higher probability and shallow test expected: On a liquidation break, short flip initial key support for swift push down to the 4050s zone. Unlikely to happen, but who knows.