ES1 Projection for next week

Sideways whipsaw.

MFI went oversold on my chart, so we'll probably get a dip and reversal Monday. and whipsaw around all week.

No position. Chasing a whipsaw is a good way to lose money a little at a time.

Comment:

Fed meeting is Dec 10 -11 and Dec 15th is when the tariffs were supposed to happen. We'll see if that gets delayed or cancelled.

Those 2 are the big events that could possibly tank te market, until then assuming sideways or slow melt up.

In any case, pay attention to the indicators, MFI is on the edge of being oversold, so there's room to gap down Monday, but it;s up from there.