1.
Fundamentals point Bullish
- COT Data
- Seasonality
- GDP
- Inflation
- Labour Market / unemployment
- Interest Rates
2.
Price has been bearish for quite a while now
3.
Significant Value Area (VA)
4.
Some more bearish signs though with more absorption that pushed price below POC. Lets see if we get some signals from the CVD (delta) for short absorption and short profit taking.