After the Close: September 8, 2023

Candle Ranges (daily, points)

MonTueWedThuFri
ES1320.7547.2527.7526
NQ66.5144203.75154.25135
GC4.59.814.57.613.1

Economic News

  • None

Observations

  • Apple attempted to fill the gap down from Thursday, strong rejection about 75% of the gap fill, closed the day down 0.1%.
  • ES
    • Strong opening drive at market open, broke through 4470 level, and then rejected at the convergence of the 8 & 21 EMA lines at 4478 on the daily candle.
    • Traded back into range, attempted to break opening print, market rallied at end of day likely to trapped shorts below the opening print.
    • On hourly chart, are we entering into a balance range between 4425 & 4470?
  • NQ
    • Similar to ES, strong opening drive, couldn’t hold 15375, traded back into range and closed just above the VAH.
    • On hourly chart, are we entering into a balance range between 15375 & 15100?
  • GC
    • Rallied from 1944 support level to 1954, hit resistance and sold off to 1940.8 (1940 is a support level I’m watching)
ES & NQ Sep 8, 2023
ES & NQ Sep 8, 2023