i think we rally back to 816,maybe 835 and continue down, we dropped from 1018 to 780 in 12 days,should be a bounce ,but the PPt or whomever has tried to stifle this fall is running out of options
bid ask, i dont see a h and s, where is your start point and what timeframe? there is a large h and s in the 30 yr bond on the 5 min today ,could/should be very bullish for es
At a minimum, a breach to the upside of the "ledge" about 15 bars back is needed. Coinicidentally perhaps, the ledge breach would be near or at whatever MA? the blue line suggests. Unless/until the above occurs, longs can only be viewed as scalps, nothing more. Then, entry back below the ledge would negate. Osorico
A double bottom test day in the making ... Could go a bit lower, like 10 more pts. Edit: 98 is the key price level now