WadeYendall

ES/SPY Weekly Levels (Aug 14-18)

CME_MINI:ES1!   S&P 500 E-mini Futures
Here are my levels to start the week. I am currently away and not trading right now so unable to do any of my usual preparation notes or updates. Key support right now is the Aug 16th high and the 55 ema. If the levels cannot hold a move down to the upward trend line and the Feb 2nd high is possible. If price holds the Aug 16th high look for a retest of the 21 ema.
There is retail sales tomorrow, FOMC minutes on Wednesday and Jobs data at then of the week. Key reports from large retailers out this week as well giving the market a look at how the consumer is doing.
Happy trading.

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