$ES Bear Flag or Accumulation - to be continued
Interesting time in the market - people calling a crash, people calling a melt up then crash etc.
Why try and predict ? As a trader your job is to react - level by level , price by price. Let price action determine next outcome.
Nice "Bear Flag" or "Accumulation pattern" ; you can trade the box or wait for a breakout higher / lower .
If you watched today you saw the fighting going on at SPY 430 , that's because these are important levels for the bulls. Similarly saw hard rejection at 441 zone , as these are important levels for the Bears.
React to what the price gives you and trade it. Quit trying to predict the direction solely on what Twitter or someone is saying. Easy way to burn your account.
Level by Level follow price action and react !
Good Luck !
Why try and predict ? As a trader your job is to react - level by level , price by price. Let price action determine next outcome.
Nice "Bear Flag" or "Accumulation pattern" ; you can trade the box or wait for a breakout higher / lower .
If you watched today you saw the fighting going on at SPY 430 , that's because these are important levels for the bulls. Similarly saw hard rejection at 441 zone , as these are important levels for the Bears.
React to what the price gives you and trade it. Quit trying to predict the direction solely on what Twitter or someone is saying. Easy way to burn your account.
Level by Level follow price action and react !
Good Luck !