“Sell the bounce” January still in full swing, and ES has not put in a green day since January 12th (making today the 4th straight red day in a row - this is fairly rare). Bounces have mainly been of the intraday variety with price unable to even string together a multi-day relief bounce. Today’s plan as shared this morning was bounce to the 4610-20 zone where bears had a chance to step in, with loss of 4565 triggering hard selling and price followed this general playbook: Bounced above 4600, failed, tried at 4565, then failed for a late day washout. Bears remain in control, but there are some major supports below which give bulls all the technical foundation needed for a recovery shot. Here’s what I’m looking for
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