By Licia Leslie
February 2, 2025
Hi Shoppers,
The bullish rally looked great Friday … until it didn’t.
Now I am not saying the bull market is over, I believe we will continue to trade higher into the spring.
But this week we may be in for a pull back by the look of Friday’s reversal action.
Here is my S&P E-mini Futures (Ticker: ES1!) chart:
Friday was the third attempt of breaking out and closing above $6150.
Again if failed.
This reinforces that resistance level, put it on your chart.
Support below here lies at $6043, and then $6059.41.
Hitting these support levels still keeps the chart in a bullish mode.
Trade Accordingly.
Trade Review
SentinelOne (Ticker: S) started to breakout but reversed along with the rest of the market.
Thank You For Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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