ES! Ready for another blood bath prior to elections
I called the first downfall of the ES! S&P back in March and price action is telling me we are ready for another large fall.
Last time around it was the fear of COVID and the Deep State Governors shutting the economy. Since opening things back the market has been thriving.
In CA our Governor Newsom just restricted business to close all indoor operations to close.
Not posting any indicators or other signs, purely price action to old levels.
Not suggesting anyone to make trades based on this.
Last time around it was the fear of COVID and the Deep State Governors shutting the economy. Since opening things back the market has been thriving.
In CA our Governor Newsom just restricted business to close all indoor operations to close.
Not posting any indicators or other signs, purely price action to old levels.
Not suggesting anyone to make trades based on this.
Comment:
Updating short position. First re-entry short was premature at $3,231 on 13 of July. At the time it looked to hold as resistance but later price blew through. Now S&P is finding Resistance at $3,328 which is the bottom wick of a gap down which originally started the melt down back on 21st of February. Watching S&P price action around $3,328 and $3,339. This might act as a ceiling. I'm afraid that a stimulus package will be announced and S&P could easily make new highs yet again!