Too much technical damage. Lower before higher would be my guess. ES 5K incoming, but probably not today.
That might be so for tomorrow. But for today, there's good chance we go higher. Watch out if she goes above 5080.
Could be. A V would be a surprise today, though. This zone (75-80) looks like a good shorting opportunity to me for another leg lower into the Close. But I agree that if we pop above, it likely goes green for the day.
Volatile market, so this can happen. Technically, ES reversed off yesterday's Close and NQ actually reversed of mid-range fairly precisely. The tough part in a down market is to hold conviction after these sharp rallies. In my view, the market's in correction mode, so I'm assuming sell the rallies for now.
It wasn't all that bad for the bulls today IMO. I say they put up a good fight. Certainly a lot more brave than what the pussy bears were doing yesterday. Let's see what's in store for tomorrow. Who knows? The bulls might get their sweet revenge.
Such an optimist. I think we print 5K tomorrow. It's also options expiration tomorrow, so wide price swings should not be a surprise. At least early in the session.