4 trading days ago we had a 50 points upgap. This morning we are looking at a same size downgap before the open. This IR should effectively signal the end of the good times...
Could find a bottom at 3110 or 3080. Regardless of future price development, we're way overextended here and we're due at least a retrace - top or not.
Closed at -5.9% I say with this doubletop, we are done for the year. Mostly sideways and down from here...
Posted this earlier today in another thread... https://www.elitetrader.com/et/threads/es-journal-2019-2020.328086/page-2552#post-5124454