NYSE closed today but ES Futures were open for a half day and price continued its downside follow through. In my last update, I posted my target was 4280-4260 and ES closed about 9 points off into the 1pm EST Futures close. It likely clips precisely into that zone. This area is important as its the support neckline of the massive, incredibly bearish head and shoulders pattern everyone is talking about. Traders about to find out if this pattern is real or not.
Today i’ll be discussing how I think this plays out, as well as commenting on the endless stream of “Russia” headlines and how I trade (or don’t trade) them