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The chart may look missing a revisit of the yesterday's low.
Flat open, so likely it's just a range day, until the roller coaster show of course.
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EMA20 here is the bear's last chance to make a 2nd leg down.
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8:17 AM 2021-12-15
30 min ES Dec 2021 chart
neutral awaiting FOMC
could take out both levels (eg. take out high before moving lower or vice-versa)
levels 4625.25 and 4651.75
9:37 AM 2021-12-15
4625.25 taken out - stop running.
up and down until FOMC
My read on roller-coaster:
Very high PPI yesterday (1970's high)
Perhaps down today after taking out high stops above 4651.75 (maybe even touching 4671.75??)
Down target could be big.
Educational only and not trading advice (EO&NTA) Good trading to all
ES up to a key level, trying to push through. Early birds, speculators and bargain seekers. And big money looking for a place to park their dough. No quit in the bulls.
Charts posted are not recommendations. They are just a sharing of information.