ES-minis Weekly Report

ES is far more compelling when looking at Market dynamics and support.

Support verified in October, and so far verified in November, with both Weekly
'Dilernia-Drops' forecasting and also forewarning ‘weaker’ timeframes this month.

Next Week: Exact same expectation, daily and weekly trends are going to be defined by the 50% levels @ 1528.

Trend remains up whilst above these 50% levels.

There is so much negative news in the US markets, that is hard for any person to have a fundamental reason why markets should move higher, but this is the only conclusion I can make at this stage. And the more it consolidates above these levels the more it’s pricing in ‘Value’

However, if US markets do come under more selling, then the expectation is that not only would the ES come down to 1431, but it could go as far as 1399.25, but historically these next two months don’t normally have ‘bearish tendencies.