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I moved to the weekly charts for the three main indices, specifically the (YM), the (ES), and the (NQ) to spotlight the main divergence between them.

As we are able to see from the three charts, solely the NQ is essentially the most constructive because it manages to carry above the amount level of management, thereby serving to it retain a bullish tone.

Shifting to the slower charts permits us to clean out the intraday , acquire a clearer perspective on key assist and resistance ranges, and maybe decide the short-term bias for the indices. And as all the time, quantity is essential.

14140 is the important thing upside degree which, as we are able to see, coincides with the S3 Camarilla pivot. Third-level pivots are an important as the worth will virtually all the time stall at these factors and infrequently reverse. On the draw back, we’ve got two fairly robust assist ranges between 13200 and 13400 earlier than the amount level of management as soon as once more comes into play.

A really completely different image on the ES with the index not solely under the amount level of management but in addition buying and selling on the S3 Camarilla pivot which is including its personal downwards stress. This vpoc (quantity level of management) divergence from the NQ is uncommon as these two indices do are inclined to correlate fairly strongly. And while I settle for they’ve related candle and quantity configurations, we can’t ignore the very completely different assist & resistance footage.

Lastly to the YM which might typically be the outlier however on this event has extra in widespread with the ES with the worth motion additionally under the amount level of management and in addition stalled on the third Camarilla pivot.