My 3D indicator on ES turned Red...suggests further downside
Supports to watch:
- 3700
- 3660
- 3610
My thesis - This is may not be THE drop, in fact quite contrary. Correction let's cool things off the continuation move. Growth names are too hot and could use a little breather for next leg up.
Long view - if 3700 holds, 4000 won't take long.
- 3700
- 3660
- 3610
My thesis - This is may not be THE drop, in fact quite contrary. Correction let's cool things off the continuation move. Growth names are too hot and could use a little breather for next leg up.
Long view - if 3700 holds, 4000 won't take long.
Comment:
As expected we are at that 3700 level. Bulls will need to capture 3760 quickly for reversal setup.