ES futures just started to break out of this morning’s highs. With yesterday’s bullish close above my Daily Resistance Level (2nd chart), I’m buying the ES on this bullish momentum. Check out the charts below for my full technical setup. I recommend the following:
BUY ESH22 @ 4660.00 or @ Market
SELL STOP @ 4640.00 ($1,000 risk per contract)
SELL LIMIT = 4700.00 ($2,000 profit per contract)
The MICRO contract is 1/10th exposure per contract = $100 risk / $200 profit per micro contract
*Risk/reward are calculated before commissions and fees*
30 MIN ES – Bullish Vega & Navigator + Ratio Flipping Positive = BUY
Daily ES – Close Yesterday Above Previous Resistance = BUY
Jace Jarboe | Futures & Options Broker:
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