ES 30min, 60min, 240min chart interpretation based on price action since the Sunday evening open and since all of last week:
my interpretation now as of 1:21 pm eastern time June 12th using the continuous contract ES chart:
* nothing more can be confidently stated other than the horizontal trading-range and consolidation pattern exists since yesterday's close and including today's overnight session and day session price history
*** until ES advances and actually holds a horizontal breakout above the ES $1315 to $1316 levels, the range-bound nature of the price action is simply that, and no other directional clues exist which I personally consider valid or reliable
yes, guesses are possible, but nothing in the chart is next considered a "chart event" with potential staying power until:
1. a continued and sustained advance back above ES $1316
or
2. below approx. ES $1292.25 to $1298's price zone
imo