ES Thanksgiving Thoughts Part IV
Final Thanksgiving thoughts: feel a drop coming. Is it going to be the big one everyone has been talking about? Perhaps, though it may just be a small correction into sideways movement like it has been. Things felt very weird today and very bearish, but there was little to no volume trading.
It does seems like a bear wedge forming and I saw some cypher patterns, but it also seems to be a formula that we have some down and all of the sudden there is good vaccine news or more money being printed and everyone goes apeshit. So far it seems like 2 parts up, 1 part (or less) down. Unsettling but I don't see a point in having a bear position until we head in that direction. The focus on the market will likely prevent the crash everyone is talking about all the time. As soon as it starts to go down there will be intervention, for better or worse. Thinking 3580-3590 will be as low as we get, possibly even until next year. Everything seems to get delayed this year about a month or so.
It does seems like a bear wedge forming and I saw some cypher patterns, but it also seems to be a formula that we have some down and all of the sudden there is good vaccine news or more money being printed and everyone goes apeshit. So far it seems like 2 parts up, 1 part (or less) down. Unsettling but I don't see a point in having a bear position until we head in that direction. The focus on the market will likely prevent the crash everyone is talking about all the time. As soon as it starts to go down there will be intervention, for better or worse. Thinking 3580-3590 will be as low as we get, possibly even until next year. Everything seems to get delayed this year about a month or so.
The prediction is in...
= FIB
= FIB
Disclaimer
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.
The prediction is in...
= FIB
= FIB
Disclaimer
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.