See yesterday’s note, on chart. I wrote that ‘three consecutive days of Significant Selling (red) is rare‘ and that it can ‘sometimes mark capitulation or at least exhausted Sellers and potentially a bounce‘. ES has rallied strongly. I also wrote that ‘I need to see the first minor indication of strength on the chart which would be time spent back above 6657, the minor Control, otherwise it’s still a falling knife‘.
read this post on Substack
ES hasn’t reached that level yet and for now I’m assuming this is just a ‘normal’ bounce in a down trend unless the Resistance at 6657 is convincingly recovered (time).
