The /ES has just broken through a key technical level on the Daily chart. The red line drawn on the image above represents a key technical level that I have had my eyes on for a while now. Today is the day that the breakout occurred on the daily chart. I took a long position at 2825.50 on the /ES mini, in anticipation of the break with a 2 contract limit order.
As you can see after passing the key daily technical resistance level, there was a huge spike to the upside putting the trade into the GREEN!!! We will be watching the /ES closely as the next daily resistance is much higher and will be watching for long positions.
This image shows the room the /ES has until the next technical resistance on the daily chart! The shorter arrow to the far right shows another possible area of resistance on the daily chart, and will be a technical area of interest moving forward.
If you liked the Article, Give the Author a LIKE by clicking the LIKE button on the page. Want to be updated whenever we post new content, hit the Follow button to be a part of THEFREEDOMGRIND and receive an email whenever we post!!!
All investment related topics within THEFREEDOMGRIND are for educational purposes only. Any investment made by any persons not affiliated with THEFREEDOMGRIND should evaluate his/her investment strategy and understand the risks before investing.