ES July 6th 2018

Aaaaand we’re close to being back at the top of the 2700 to 2743 range. The closer to the top we get, the more careful we have to be with long entries. Should 2743 break, we got the “round" 2750 and then the 2018 YTD VAH at 2760ish above. Below, there are a whole bunch of support levels, the closest one being Tuesday/Thursday’s POC zone at around 2733-2735, Thursday’s VWAP close at the round 2730 and of course Thursday’s VAL (2723.5).

Interestingly enough Tuesday and Thursday's VAH/VAL almost match with VAL at around 2723.5 and VAH at just below 2740. A break of Friday’s VAH at 2743.5 would be quite significant imo because it is also the last VAH of June.

For longs, I’d need a super clean break of 2743.5 or a pullback to 2735, 2730 or Thursday’s VAL at 2723.5ish acting as support. I’m much happier to short that high up in the range until last Friday’s VAH breaks, the closer to 2740ish the better.

The 2743.5ish level is the one to watch going into tomorrow.