If we expect a bullish week we want to see price trade down then up for continuation. If we expect a bearish week then we want to see price trade up then continue down.
So as I state in the video, I cashed my short out at 4148. Looking for another short to get into or just picking up where I left off at. We had a 30m/1hr trend down yesterday, and overnight we got a 30m/1hr trend up. The uptrends overnight were a lower high on the 30m and a higher high barely on the 1hr. We are currently below the 1hr but sitting above the...
We have been in a recent downtrend on $ES $SPX and a lot of traders are probably wondering where the bottom will be. A break back up toward 4553 and a hold above 4565 would signal that we have bottomed in the short term. That would not necessarily mean the bounce wouldn't fail to retest the lows but here are some potential bounce levels. Fibonacci levels near...
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