Es is bouncing off a major TL and just completed a market maker sell model after 3 consecutive consolidation stages. its now bouncing off the 50% of the origin of the move and could be taking out all of the trend line liquidity upwards. Lots of equal highs to be taken out on the way up. We got major red folder news this week. Im looking for possible strong distribution on Wednesday and Thursday with the CPI and PPI drop.
Note
A daily close ( engulfing candle) above friday would help with confirmation to be bullish this week imo
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.