ESH24 - Technical Chart

PTGai Signaling a Size Move LOWER This Week

A MOVE LOWER IS IMMINENT ON CPI release on Tuesday.  We are expecting a way hotter than expected CPI number that will trigger risk OFF this week and in turn dash hopes of a March rate cut.  It will create a scenario wherein the FED will have to delay its timeline.  We have closed out all long positions after having been bullish for several months.  Dominant cumulative volume is BEARISH and larger timeframe sellers (BIGS) detected Monday building shorts. Anticipating a high energy selloff in ESH24 and we will lock in intraday for real-time reads/entries.  We have switched our short term outlook today to very bearish

Short Term Outlook:         VERY BEARISH

Short Term Price Target:  4990.75

Long Term Price Target:   5155.25