S&P E-Mini Future (ESZ21, ES 12-21) Crash Scenario
Updated
Exploring Fib levels for the S&P E-mini this week based on possibly receiving a negative catalyst (i.e. negative news about the U.S. infrastructure bill or raising the debt ceiling). The sharply rising yields of the 10yr U.S. Treasury bond market are driving most of this downward price action speculation. The depth and breadth of this correction will greatly depend on the news narrative surrounding the aforementioned U.S. events as well as other current world news (e.g. another Evergrande bond payment due next week).
Note
Jerome Powell threating the Senate this morning to start tapering kinda blew the bottom out of my time/price predictions. :DNote
Will post upate.
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