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S&P 500 E-mini Futures
Jun 14, 2022
/ES Inside candle ST low 3735.25
0
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First day of the week action is below 1 week low and close with a declining 5 SMA. Sell rips.
Almost 10% since the breakdown on 6/9.
Fed meetings this week with the markets pricing in 0.75% rate hike.
Bitcoin is at 22K and Eth at 1.1K.
Things are getting liquidated. Wait for Margin Calls and capitulation.
Play defense. Need to digest the recently 10% down rip.
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