In yesterdays newsletter, I talked about ES is quite likely to chop people up stating: “Quite often, price does neither, ping-ponging off levels inside a range for days, then finally breaking out when everyone is sufficiently confused” and this certainly has been the case with ES playing ping pong between 4395 & 4270s trapping bulls at the highs by selling off, and trapping bears at the lows by rallying. *Very* important in these conditions to zoom out and focus on the bigger pattern. These choppy conditions set up significant trend moves, and we should get one by end of this week. I will discuss my thoughts on direction today, as well as weigh in on what seasonals say from here
© 2024 AM Trade Companion Inc.
Substack is the home for great culture