Watch the daily inside bar on the BIG 3 for key direction today.
I drew out a "potential" head and shoulders bearish reversal pattern.
This will play out 1 of two ways:
1.) We consolidate this morning and break the neck line, shifting momentum back to the bears.
2.) We break the higher of yesterday, break the daily inside bar, and see continuation of the bounce.
We will likely know the answer to this by Noon Eastern at the latest.
Today will decide if the bounce has momentum, or if we are going to fade back down to try and form a higher low compared to $9,000.
I drew out a "potential" head and shoulders bearish reversal pattern.
This will play out 1 of two ways:
1.) We consolidate this morning and break the neck line, shifting momentum back to the bears.
2.) We break the higher of yesterday, break the daily inside bar, and see continuation of the bounce.
We will likely know the answer to this by Noon Eastern at the latest.
Today will decide if the bounce has momentum, or if we are going to fade back down to try and form a higher low compared to $9,000.
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