Contract Rollover and Mid-Month
June to the moon?
Good afternoon,
We’re back at it again except this time we’ve FINALLY digested our 7314-7320’s area and even headed lower to 7232-7238-7248 channel after failing to hold our support beneath 7305-7308-7311 at 7252-7272. The hold above the zone (over 7232) really prevented further downside from occurring and opened up probabilities on 7252-7272-7288 holds, for negations to begin. The reason why this was so vital was also due to multi flips occurring on June 12th, making the 11th a very important closing date and a high probability for negations to occur (retracement back up).
We also had multiple structures forming on the daily and 4 day which were creating bear-flag structures. The 3D in specific was one I loved as it gave a very good odd of a star upside reversal/retracement, which would also classify as an engulfing/outside bar scenario to occur. The best part? It doesn’t flip until the 16th which allowed plenty of time to clear our 7550’s.
Since we have the contract rollover, I already had explained this past week how correlated it was with our targets anyhow. Our upside path was as followed:
✅ 7421-7424 core calculated sustainment areas above neutral balance base
✅ 7435-7438-7444 median calculated support/balance area (346/356/430/460 pt intervals) - **ES CLOSED HERE ON FRIDAY WEEKLY CLOSE**
✅ 7454.75-7461 calculated means — **ES STALLED HERE FRIDAY**
✅ 7471-7474-7476 - core mid points can trigger but still not enough to reduce volatility -
✅ 7479-7481 calculated core areas and big structural breaking points —> we don’t necessarily need to get to the zone (7488) to actually retest 7511-7521.
✅ 7495 - calculated area above zone entry
✅ 7511-7512 area - calculated neutral zone (also multi-ratio area) - **ES STALLED HERE ON NEW CONTRACT FRIDAY AT 7511-7524**
✅ 7520s major calculated core expansions —**ES TRIGGERED 7521-7524 ON NEW CONTRACT FRIDAY (OLD CONTRACT 7454-7461**
✅ 7539.50–7542 - 430/461 PT RATIOS
✅ 7551–7555 previously failed/stalled ratios
✅ 7571-7578–7581 calculated core prior support and overhead area that can retrigger 7620’s retests
The big bull area once again is **7479-7481** and that was required previously for those full breaks to 7520’s and so forth. This is the area that is also tied to 7571-7578-7581-7583 which played a vital role as core support this past week prior to failing and structure breaking down.
This is the EXACT area bulls need to trigger, in order to get us back to our 7620’s and potentially ATH breaks of our 7644. So, what are odds like for the week ahead? Did the 11th-12th negation increase our odds after clearing 7421-7454? Can the contract rollover help get us a head start in getting over 7479-7488 and clearing 7511-7521-7532 (old contract - new would be 7588 clearance break to retest 7611 and so forth)?