Fairly strong bearish seasonality today -- that, combined with the ST overbought conditions, seems to be more responsible for the sell-off than the debate. I'm still operating under the assumption that last week's lows may be meaningful. Stay flexible everyone!
Looking for long entry and a swing above 3350 on the Open, but might see some counter movement first. Good luck all.
My expectation for today's session is that we put in the LOD and will at least swing above 3350. The second, but less likely, scenario, is that we're close to putting in the HOD and will sell off down to 3325 or more. But I think that's unlikely today. Then again, we're living in interesting times, so always smart to be prepared.
What I like about how you think is that you're looking at possible scenarios and not getting locked into a stubborn, biased view. Definitely a professional approach.