ES has taken out Q-PVAH $5180 yesterday and now has HOD as the Y+1 5121 as talked about in this weeks report. There seems to be strong positive notes from the overall market, and I think that we will pull back to weekly VWAP 51187 before buyers will reload and try to move higher. A failure to hold at WVWAP will only put the questions back to buyers at the former resistance of Q-PVAH 5180 to now have it as support and reload for higher.
Oil is struggling and with a potential cease fire on the docket in Gaza, oil will be tricky to find higher ground over the course of this week. I am not enthusiastic about trading oil on the back of these Israel/ Gaza headlines as to me, there is no supply risk until Iran are involved.
Todays AET Video. Looking at areas across the biggies. ES, OIL, DXY. Best of luck.
https://youtu.be/sxr8Zk5rM5I