I’ll Level With Ya

By -

Another crazy day in the market. Over the past couple of weeks, how many quadruple-point days have we had on the Dow? Five? More? I’ve lost track.

Anyway, here are the key levels on the ES contract:



Magenta tint: 3137
Green tint: 3213
Yellow tint: 3328

Those are the barriers for further price action (and, if breached, those become firm support).

As for the NQ goes, it’s simpler: 9002.50 (the yellow tint) is the present barrier. If the market’s apparent elation at a Biden candidacy (?!?!?) persists, then the next target would be the price gap above it.