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Prices appear to be in both a range and a larger down channel at the same time for now. One of these patterns will win out at some point, so it is
This is a live trade that I took this morning in the ES. It was during the large downtrend. The trade was a 2nd entry short and a triple test as well.
Prices continue to trend lower this morning. There are no major news items today, so nothing to create any sudden surprises. That does not mean that the market will not still surprise
Today looks to be mixed with a bearish tone so far. The unemployment news this morning set off some temporary fireworks, but prices took it all back plus some in only minutes.
Today is more of the same. Early selling that finds a bottom and then rallies. Prices continue to be extremely oversold. It is time for a rally, but prices struggle to hold
Prices are mixed and choppy so far, but there still seems to be more of a bias to the downside than to the up. I would call this a range for now,
Prices sold off hard again this morning, easily pushing through previous support. There is a mild correction going on as I am typing this up, but that could be nothing more than
Prices traded lower early on but have reversed now and are trending higher. We have seen this happen a lot recently. The question will be this: Can the rally stick or will
Prices sold off during the early morning trading hours, only to reverse and start trending higher just after the regular session opening. Prices were severely oversold on the daily chart, so a
Once again prices sold off early, only to recover shortly thereafter. Prices have now turned downward again, but there is a possible trendline working higher, so we will need to see if