Eloquent

Hate to be the one to say it, 360's here we come.

Short
CME_MINI:ES1!   S&P 500 E-mini Futures
Dead cat bounce with no momentum here.

Look for a bull trap right at the open, followed by another royal flush in the days to follow down to around 3600~3620.

We'll see 400~405 after this wave 4 correction ends.

This dead cat bounce may get as high as 390, but the higher it goes, the better the short.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.