Pre-open Thursday 3rd December
A new high on Wednesday for ES met with Responsive Selling (red-at-top) and we’re into the 273/182dy time pivot discussed in the webcast (a potential turning point in time).
The recent poc emerging over this range is 1108 and this was re-enforced yesterday. Again, obvious rejection of this reference level early in the session from above or below may well set the short term trend.
The Rydex retail traders have pushed the Assets Ratio a little higher but nothing that I could yet call a contrarian sell signal.
