ES Futures: 61.8% Reaction Zone
E-mini S&P 500 Futures CME_MINI_DL:ES1!
Last week's pullback has brought ES into a key reaction zone that aligns with the 61.8% Fibonacci retracement.
I'm watching how price responds here.
Bullish Scenario
• Hold the reaction zone
• First objective: 7,575.25
Bearish Scenario
• Lose the reaction zone
• Watch 7,472.50
• Then 7,410.25
• Final downside area: 7,358.75
Market analysis isn't prediction. It's preparation.
