ES Broke this channel to the upside.
It is going to meet key resistance points
4530 (high of February 4)
4550-4560
4580
The most important IMO is 4600. This is where the downside first broke through and retested, only to be flushed down further.
I am not trading to the upside until 4600 is reclaimed and there is FIRM consolidation (maybe a few retests FROM the upside) without breaking support at said 4600. In other words, I want the 4600 resistance to turn into support, just like how it was a previous support turned resistance as of January.
It is going to meet key resistance points
4530 (high of February 4)
4550-4560
4580
The most important IMO is 4600. This is where the downside first broke through and retested, only to be flushed down further.
I am not trading to the upside until 4600 is reclaimed and there is FIRM consolidation (maybe a few retests FROM the upside) without breaking support at said 4600. In other words, I want the 4600 resistance to turn into support, just like how it was a previous support turned resistance as of January.