ES commencing a relief bounce in the overnight session after a brutal 6 red days in a row (the first time we’ve seen 6 in a row since Oct 2020). Supports as posted Friday/Thursday were 4380 then 4320-30 and bears finally ran out of steam right at that 4380 support. Bears, however, still very much in control in this sell the bounce market. We have catalyst heavy week ahead - earnings plus Wednesday is not only FOMC meeting and press conference, but also interest rate decision. Combining this with a period of heightened volatility and a seasonally tricky time of year, and I would expect a very challenging week of trading ahead. Size down if your new - these types of markets can do damage. Here’s what I’m looking for
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