The ES sold off strongly again this morning and even made new recent lows. Prices are bouncing at the moment and may close back inside the long-term range, but it’s early so we will have to see how the day plays out. I’m concerned that prices want to go lower, but things can still go up, down or sideways.
For now, prices are trending back to the upside, but there is still a bearish overtone to the market due to the middle east issues and rising oil prices. Expect mixed trading today but be prepared for prices to move strongly at times in either direction.
