CastAway Trader
CastAway Trader Predict the Next Market Move

ES - played a shallow pullback overnight and now looks ready to push higher

Bears played another shallow a-b-c overnight pullback. That pullback stopped well over support at 2,908. Note that that overnight move down retraced 50% of the preceding move up. Now bulls should be ready to make a higher high and attack 3,000 resistance.

ES - 30 min chart updated at 8-40 AM on 5-20-2020

NQ keeps pushing higher as we expected.
The green trailing stop is at 9,393.45 now.
Overnight pullback did not come even close to that support.
It may stretch to 9,550 – 9,630 waiting for ES to make a new higher high.

NQ - 240 min chart updated at 8-45 AM on 5-20-2020

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