"Thank you for riding the everything bubble. Your ride has come to an end. Please be careful as you exit the bubble."
Pretty similar to yesterday, every correction has corrected into a higher tf short. Due for a correction to the correction, but I will continue to press the lever when the light goes on like the good rat that I am.
Way overdone here. I don't see this market moving much lower. Certainly not below 3120 extended. I am looking long here.
Disagree. Today is directional. Yesterday, minus the gap was mostly range trade. Using 5 minute chart. Good trading to ya!
Closing in... I'll be honest and say I did not think we'd trade this far down today. It's happened in the past that we've sold off this much 2 days in a row, but it certainly ain't common. As of now, this is the 4th biggest RTH range on ES in history. 4% down is very rare, but it's certainly happened and the trend is still down here with a good 2 hours to go. That would mean ES 3100. Approximately.
3328.00, 3298.00 and 3006.00 areas are where price deviated from its natural course but eventually price came back to claim those areas. 3006.00 looks unlikely but price so far has chosen to be on its natural course if no pressure is applied. For bulls price left a lot unsaid @3370.00 which in due course price will claim, once we go back up.