I just threw this together for an example... 1) ES RTH-only, 60 minute, with daily and weekly profiles. 2) zoom of this week One interesting thing I see on the first view BTW, is that a break of the magic 3900 level has big air below down to 3830... Look at the daily profile for 1/6/... it's a big trough of nothing there, imo. This is how recognizing changes in framing is important. Just saying.
Shorting is not allowed today. Wait for the Close at least if you think there's a sell coming overnight or tomorrow. In my humble view of course.
I can only agree with that. February is historically not the best month. But if you look at it closely, the bad period is from mid-February to mid-March. The first image shows the seasonality of the major indices for February and March. The second image shows the backtest of the SPX from February 15 to March 15. It is clear that 2020 was a bad year because of Corona. But the other years are not good either. https://www.stockmarketonline.com/smo-seasonality-chart-comparison
4080-84 wouldn't be a great surprise. Someone selling into this would be more surprising at this point. Slow grind higher.