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AMPlifiedtrader
Jan 30, 2017 10:04 AM

ESH 1/30/17 

E-mini S&P 500 Futures (Mar 2017)CME

Description

Spring top Thursday, followed by downside follow through on Friday, Now followed by a Sunday night gap open to the downside. Could be skating on some thin ice. That range breakout we saw last week wasn't able to catch a bid and see any real momentum and we now find ourselves heading back toward that range area. FOMC on Wednesday can make it a fun week. Bias is certainly negative. I'd like to see prices attempt to close the gap and fail and ride it all the way down to Dow 10,000.
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