ES Weekly Analysis 7.25.22

24 jul 2022

Now that we have broken above highs and filled one daily gap, we should start to retrace. Very violent week with plenty of macroecon data and future implications on tech. We have run 8% on the ES and that is usually the avg of when we will see a pullback. Plenty of tech earnings this week including AAPL, META, GOOGL, AMZN. I expect us to at least retest 3920, 3900, 3880. We could possibly see 3868 and 3820 to hunt liquidity at 3800.