From TradingView · · 30s
SITCo | Approved Setup Thesis, October 9
MES1 futures target 7,875.25 with bullish repair thesis.
In brief
MES1 futures target 7,875.25 with bullish repair thesis. MES1 futures may reach 7,875.25 if buyers reclaim 7,843.50, 7,848.50 and defend the retest. Originally reported by TradingView.
MES Setup Watch
Breadth improved and RSP reclaimed its HVN, but semiconductors remain weak.
“Breadth improved and RSP reclaimed its HVN, but semiconductors remain weak”
Bullish Thesis
Reclaim 7,843.50, 7,848.50, establish acceptance above it, then defend the retest.
“Reclaim 7,843.50, 7,848.50, establish acceptance above it, then defend the retest”
Bearish Thesis
Reject 7,843.50, 7,848.50, move lower, then fail the recovery attempt into resistance.
“Reject 7,843.50, 7,848.50, move lower, then fail the recovery attempt into resistance”
Next Levels
7,857.25, 7,858.25 → 7,873, 7,875.25 for bullish, 7,821.50, 7,825.75 for bearish.
“7,857.25, 7,858.25 → 7,873, 7,875.25 for bullish, 7,821.50, 7,825.75 for bearish”
The takeaway
MES1 futures may reach 7,875.25 if buyers reclaim 7,843.50, 7,848.50 and defend the retest.
