Here are some drawn channels and areas of support and resistance. If we see a break to the upside through 6k, we are in for the rocket. However macro indices need to also play along. We are at a make or break for NQ futures as well. We either melt up, or the party is over. Nothing new in the story but it is an interesting time. Also, Introduction of MICO E mini...
We are in a downtrend. Fed needs to hike so in order to have ammunition for when "it" hits the fan. Wednesday we will see.
Excuse the crude drawing. Looking at "sentiment" buy buy buy, which sounds to me like short sellers trying to get buyers to fill their blocks. We are and have been bear since July. I entered at 1800 Now I've put a position on again. Earnings shouldn't matter. Fed will be the tell.