Daily Chart Analysis: ES Futures and SPX Support Levels
$E-mini S&P 500 - main 2409(ESmain)$ - Daily Chart:
The following was written on Friday in the open (free) section of the S/R levels:
"The daily and 2 hours candles suggests bullish continuation, unless Monday's futures session brings a surprise. Yes, the close on a Friday is tricky since reversals can come on the futures session between Sunday PM and Monday noon when there is a holiday. I’m not saying that’s going to happen, but I’m sharing with you a couple of surprises I’ve experienced after holidays."
See the daily Doji printed on Monday during the futures session.
$S&P 500(.SPX)$ - Written also during the weekend: "abandoning $5620 would be a good reference to manage risk...
...For more risk tolerance and a possibility of another choppy week, $5589 can provide more oxygen to price action before considering a bearish reversal in place considering the latest hanging man candle."
Right now, the 20DMA is supporting the ES futures, and 50DMA supported the SP500.
Does today's move change my outlook? No.
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https://x.com/SmartReversals/status/1831078082725171425
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