ES potential for new highs
Updated
Good Morning Traders,
Closures below 4200 invalidate ES to new highs.
potential reasons for this move:
- humans are like new things
- buyers outweighing sellers
-Stimulus Measures: Government and central bank stimulus programs can inject liquidity into the financial system and provide support to businesses and individuals. Continued fiscal and monetary policies aimed at promoting economic growth and stability may positively impact investor sentiment and drive stock prices higher.
-Market Sentiment and Investor Confidence: Investor sentiment plays a crucial role in stock market performance. If there is a widespread positive outlook, increased investor confidence can fuel buying activity and push stock prices higher. Factors such as low interest rates, positive earnings reports, and positive macroeconomic indicators can contribute to a bullish sentiment.
-Long-Term Growth Potential: The stock market is driven by long-term expectations and the underlying growth potential of companies. If there is optimism regarding the future prospects of businesses, investors may be willing to pay higher prices for stocks, leading to new market highs.
Closures below 4200 invalidate ES to new highs.
potential reasons for this move:
- humans are like new things
- buyers outweighing sellers
-Stimulus Measures: Government and central bank stimulus programs can inject liquidity into the financial system and provide support to businesses and individuals. Continued fiscal and monetary policies aimed at promoting economic growth and stability may positively impact investor sentiment and drive stock prices higher.
-Market Sentiment and Investor Confidence: Investor sentiment plays a crucial role in stock market performance. If there is a widespread positive outlook, increased investor confidence can fuel buying activity and push stock prices higher. Factors such as low interest rates, positive earnings reports, and positive macroeconomic indicators can contribute to a bullish sentiment.
-Long-Term Growth Potential: The stock market is driven by long-term expectations and the underlying growth potential of companies. If there is optimism regarding the future prospects of businesses, investors may be willing to pay higher prices for stocks, leading to new market highs.
Note
Good Evening Traders.Still looking good, no closures below 4200.
Zoomed out weekly view
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New highs achievedNote
target within reach
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levels of interest marked.
potential divergence developing.
still possible to blow off the top testing the near level above close to initial target
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potential to reality.new highs.
update inc
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Watching for failure of local ranges that are sending price up for retest of marked levels.Note
happy steak
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bottom to ath call donelevels of interest
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