In week 14 ES like all other indexes had its biggest fall since covid 2020 and has breached a major support area around 5300 and is closing in on the area around the peak of 2023 and a major psychological area of 5000. If it succeeds in breaching the 5000 area, then it may find the next set of buyers between 4500 and 4600. However, during the short term until it decides to turn around, there’s a very nice area to short the index between 5550 and 5600. We need to find our sweet spot on lower time frames, once the asset class rallies back into this Sellers’ area.
US DOLLAR INDEX WEEK 15 YEAR 2025