ES-
Supports=4808(HUGE SPOT)-4800-4791 -4786-4777-4764 extreme
RES= 4818-4826.50-4833-4847-4855 extreme
NQ-
SUPPORTS= 17011-16989-16974-16937-16906-16886-16850 extreme
RES= 17025-17050-17087-price discovery extreme
Assumptions=
Another day where we are grinding up and moving really well , boj news was a nothing burger which was expected and not much going on w many leaving for the holidays including funds etc.
We held 4764 which keeps the bulls incharge and we have closed over the 4800 level with a nice push into close
For now all we want is 4802-08 to defend to keep longs in play until ES hits ath , QQQ hit and closed over previous ATH today so im wondering if now SPY plays catchup
I think we have a shot , but I remain cautious and cont. to have downside protection incase any weird sells or news happen.
I think Globex lows will be near 4808-02 and I think Globex highs will be near 4826-33
I think most important thing this week is : CLAIMS/GDP on Thursday , PCE on friday