ES Morning Update March 24th 2025
I’m still looking for a retest of the current low and a pierce through it by some amount to happen this week. The market loves to tease both sides and then do a fast 1-2 day move, and that’s exactly what could happen this week as well. The flush to make a lower low could happen any day this week and be finished in a day and a half.
This morning we have an unexpected breakout. I did not see this happening, but possibly they plan on going to the new FP on the SPY first? I was looking for it to be hit in the first week of April, after we make a low. Bears need to reverse this rally asap… like today. They need to make the daily candle have a topping tail on it if they plan on making a new low this week.
Nothing more to add here as I need to see happen by the close to see if the plans have changed or not. Do the topping tail and the bears are still good. If not, the the 586.86 is likely the target.
Have a blessed day.
Source: http://reddragonleo.com/2025/03/24/es-morning-update-march-24th-2025/
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