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Daily Review / 1038.00 new ES high as the resting SHORT inventory builds!
1038.00 new ES high as the resting SHORT inventory builds!
Even though the S&P500 Emini traded to a new high of 1038.00 early in the cash session, the resting held SHORT inventory position did grow today. Sellers used a lower high rally to the 1035.75 level today to add additional inventory to the resting held SHORT position. After the lower high was formed, the ES traded most of the day grinding lower to a low so far in the after hour session this evening of the 1022.25 level. I will be watching again in tonight’s after hour session for any trading down to the 1017.75 to 1016.00 level to see what any remaining breakout buyers do with their last held minimal LONG inventory.
Video 1
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