Seems nothing moves markets now other than numbers, and so far this week it seems that way with only one data that matters... Tomorrows. The signals in both Intra-day ES and SPX cash are mixed. Although both charts are down trending, one is more bullish than the other. In this sense I can't really get a clue as to the outcome tomorrow could bring. But we do what we do best and that is to stay with the ST until it turns the other way.
So far today that trend is still down. We could be seeing a sub-dividing pattern in price which looks to extend a B wave abc. This of course would need to be confirmed, but it's not a priority to have the right count. What I can tell is that we are still corrective, and looking for a continuation lower. This is in combination with our longer term sentiment which gives us a better risk reward ratio.
SEN: Bearish
ST: DOWN
PA: NA
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