After last weeks run of a significant swing high of 4631 (observable on ES1!) and in instant reversal, and market structure shift, this market shows evidence that suggest more downside may be in store for this week. Friday's rally was halted suddenly at the 1h bearish order block, where we observed another shift on lower time frames. The set up is clear as current price action is in a premium of the current range, and retail sentiment may be high after a show of strength on Friday.
Comment:
Winner, Winner, Chicken Dinner