Plain old Vanilla with a splash of proprietary... The secret lies on your larger TF`s.... North from this mark is the path of least resistance.....
Which TF may I ask? From my POV, looking at both daily and weekly, we seem to be at an inflection point. I can easily see us snap back up from here, but continuation lower seems equally likely from my POV. That's just my view based on looking at charts, so not sure how valid it is. My weekly statistical model have a higher probability for a green close this week, though, but it's never 100 % certain.
Didn't work out yesterday. With ES failing to take out yesterday's LOD on today's Open and NQ ripping higher after a false breakout to the downside I think these targets may be in play for today. First hurdle above around 4470.
Bulls running out of steam here? If yesterday's low breaks this morning rally could be a nice little retrace higher before the drop, but not sure I have the confidence to short this today. Holding long from 53,75 targeting 4495, but prepared to scratch it for a point or two.
B1S2 is the only sane person here who had turned into a permabull for 2023 thus far. All the bears here should just eat a can of fire and FOAD.
There's a persistent seller up there and ES is struggling to regain last week's range. I believe the market's at an inflection point here which could swing both ways, so I suppose some churning is to be expected. Should be interesting to see which way this finally goes. I don't have a strong opinion, but as long as the current LOD holds there should be more upside due today. Maybe taking 4 points and reversing short here would be the ideal play, but I lack that conviction to the short side for some reason.