ES stopped at its bull trendline
Look where it stopped, loosing 3985 will be very bearish going into tomorrow.
Im looking for a long trade, ideally we make a higher low tonight.
The pathway for tomorrow can be a gap up and then sell into Wednesday or Thursday
Very important to watch that trendline holing and if broken, there will be a perfect short setup when it retests that trendline from the bottom.
If it wont re-test the thredline from the bottom (again if broken down), then it will be very bearish!
Im thinking we will see The whole Powell speech erased, support is at 3940-50ES for the whole move down.
Lets see if the price can get there tomorrow, it will be a good long entry for a 40-50 points move up
Also I have a great confidence that the whole CPI move will be erased at some point, will it be end of this year or Jan, I dont know at this moment.
15th is the Panic Cycle Day, also 1 day before OPEX.
Best scenario is we bottom after CPI and rally into Last week of Dec
As of now, I see a trading cycle turn bearish, so short the rips will be the game for me.
Im looking for a long trade, ideally we make a higher low tonight.
The pathway for tomorrow can be a gap up and then sell into Wednesday or Thursday
Very important to watch that trendline holing and if broken, there will be a perfect short setup when it retests that trendline from the bottom.
If it wont re-test the thredline from the bottom (again if broken down), then it will be very bearish!
Im thinking we will see The whole Powell speech erased, support is at 3940-50ES for the whole move down.
Lets see if the price can get there tomorrow, it will be a good long entry for a 40-50 points move up
Also I have a great confidence that the whole CPI move will be erased at some point, will it be end of this year or Jan, I dont know at this moment.
15th is the Panic Cycle Day, also 1 day before OPEX.
Best scenario is we bottom after CPI and rally into Last week of Dec
As of now, I see a trading cycle turn bearish, so short the rips will be the game for me.
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.