Other things I am looking at, price is in a daily squeeze where momentum is at the waterline, could go either way On a monthly time frame price is in a monthly squeeze with momentum above the waterline Plus looking at the curve which was made for the monthly time frame is giving its 3rd month in a row buy signal You can use the curve on the daily time frame, however, you have to change the settings for it to give an accurate signal 210, long 294, short 231, Looking at the monthly it to is turning up where looking left it is giving a buy signal of potential upside price action However the daily is locked in oversold, until it gives a buy signal on the daily, price could continue to grind sideways or pullback lower Sentiment is dropping which is good for the upside. To many bears means more stops could get run over in a short squeeze Random bs
Next week is contract rollover for the es mini where the december contract will become the main contract. So come next thursday if price trades down to 2139 to 2148 on the es dec contract I believe people who missed the brexit summer rally will buy the dip. If the es dec contract pulled back to 2079.50 I believe it would present an even better buy the dip opportunity with upside targets of 2233.75 and 2313.75
I could be 100% wrong and can change my mind in a second if market conditions change.