es futures setup right now
We have a tasty retest variation buy on the 60 min es z1 chart right now. The upmove of Thursday showed the bears that this market wants to go up.
We have a clearly impulsive movement up, and a clearly corrective movement back down, to support, at the 50 ema.
Then we have a RETEST VARIATION BUY SETUP on the 60 minute chart.
This is a good setup, a retest of the lows, with trend, after a proportional corrective move, at support… it all smells like another leg up to me.
Wait until it breaks the 60 minute high long @1273.25 stop 1267.75