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Scandex Market Update – May 13

Scandinavian Capital Markets

ES broke the noted level at the end of the day. 2885 is now resistance if reached and general focus is towards the 2637/97 zone (yellow box). The bottom of this zone was resistance in March. It’s also the 38.2% retrace of the decline from the February high. The top of the zone is VWAP from the low and the 3/13 high.

Scandinavian Capital Markets Review

Source: https://scandex.com/2020/05/13/market-update-may-13/
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