Overnight went big bull then came back into balance leaving us leaning about 60% long. Thinking a bit of a grinding choppy trade that then finds buyers and pushes to overnight high or at least try.
Now in the event this does not happen and the choppy 10 point range break lower then the retrace back to the 3109 could be very fast. And a fast move could scare the market and bring in a down trend to even lower supports. There is bad structure down about 240 points so that could be fun!
Now in the event this does not happen and the choppy 10 point range break lower then the retrace back to the 3109 could be very fast. And a fast move could scare the market and bring in a down trend to even lower supports. There is bad structure down about 240 points so that could be fun!