Bounced a bit higher than I thought it would but that's ok. We hit the second resistance and that is good for the bear market. It went right there and stopped. I still expect to sell down to at least the 2820's in the near future and likely down to 2775 looking for bear market continuation.
it was in the works, since yesterday the way price was moving it had showings of an ATH in the works.
it was on the cards, was thinking in 2-4 days it will happen but after last wave down, it was bound to happen. that is why yesterday being a short except for certain down moves was scary, Back of my mind i had this feeling that ES was ready to shoot up and without warning, most traders would be left holding on to their pants.he he
The key on this intraday downturn is getting through 2917 convincingly and then 2870s come into play today
i think it is going the other way, news is dependent on the markets, the way market signals movements is very clear and precise. Diversions were there short term but long term, the signals are very clear and market is not random. More like the market is predicting the news, in MHO.