/ES is looking increasingly bearish. Lower highs and lower lows are evolving on the daily with 4200 area looking likely if further weakness materializes.
Today showed strength into a strong downtrend. All indicators are a-go for hunting shorts. I like the 4380 level for a swing trade, especially on a fast snap up on the US open.
Will comment below if order gets raised. Stay tuned.
Today showed strength into a strong downtrend. All indicators are a-go for hunting shorts. I like the 4380 level for a swing trade, especially on a fast snap up on the US open.
Will comment below if order gets raised. Stay tuned.
Price responded accordingly to the level and validated the short perspective. Today's close looks increasingly bearish. Staying patient and watching the 4200 - 4380 level next week.