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benj0
Jan 19, 2019 2:44 PM

S&P 500 Bear Market Continues.. Short

E-mini S&P 500 FuturesCME

Description

Multiple high confluence trendlines intersecting
3 measured moves aligning
HTF HVN ledge
Liquidity gap below - price should at least begin consolidating if not outright bear market continuation
Trump scapegoat tweet for any stock market crash (twitter.com/realDonaldTrump/status/1086607079308251136)
Nordea Bank says high risk this bounce is a bull trap (e-markets.nordea.com/

Conservative approach would be waiting for clear rejection before entering a position. Market may still attempt to reach for 61.8% fib level where another entry attempt will be made.
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