ES Channel
Updated
Market appears to be trading in a narrow channel, eventually it'll break. But for now it appears to be a slow melt up towards Christmas.
Futures red right now but I don't expect a collapse this week.
Futures red right now but I don't expect a collapse this week.
Comment
Watch the indicators, they're overbought....Not sure if the bottom trendline will hold.
Comment
All kinds of whipsaw because the ASians and Euros are not on the same page. Yesterday Asia sold off, Euros bought back in but dmped on open.Tonight I think teh Asians buy and Euros dump. Gap up and dump tomorrow is my projection because tomorrow is Thursday.
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