Trader beware, Emini S&P 500 (ES) could explode to the upside. I detected a MACD / PRICE divergence pointing out a new bull run. This is my expectation. I could be wrong but this what I think could happen based on price action until now.
ES keeps going up, many long trading opportunities were available. This might continue up. Keep on alert.
The ES has been going up non stop. There was a small retracement. Now the big question is: Will this continue going up from this point ?.
I have been monitoring the emini S&P 500 during the recent bull move I forecasted some days ago. But now market behavior has changed. It looks like the move up has lost steam and looks tired. An important price level of support has been broken to the downside and the market is trying to recover lost ground with no clear success. If 2612 price level is broken and trading action stays below it then a new short term downtrend would has begun.
%% Cool TX Longhorns. Jan tends to be up ,QQQ +SPY/ES. DOW tends to be down a bit more in JAN. NOT a prediction