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eagle man retweeted
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eagle man retweeted
$ES Daily Plan | May 17 📌
The daily one-time framing up remains intact as buyers continue the pattern of higher highs and higher lows; however, some signs of exhaustion after printing a new ATH, which resulted in the formation of a poor high—carry forward. The key area between 5330 and 5323 remains of short-term interest following today’s closing weakness.
Buyers aim to reject the closing move away from value, targeting an upside continuation and a cleanup of today’s high. Failure to do so would open the door for structural fills of Wednesday’s session. I've included a volume profile of the last two sessions on the chart, along with a couple of scenarios.
Smashlevel: 5330/5323
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