Theme of the week has been the hourly downward channel.... up drafts followed by sharp sell offs... 3120 is the bottom of this channel where 58 ish represents the top end..
That`s the visual...... & the jist of it
ES Journal - 2019/2020
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Theme of the week has been the hourly downward channel.... up drafts followed by sharp sell offs... 3120 is the bottom of this channel where 58 ish represents the top end..
That`s the visual...... & the jist of it
FOMO and Robinhood crowds would really hate that.
90 minutes left of RTH activity. Volume currently running at 86% of yest. Suggests higher volume today. Dominant volume for the time being is down. The lower trend line on your chart could be challenged today. And as if it matters, I agree with your levels and will add confluence of Naked POCs... 3115 and 3167.5
Pay attention to Dow/YM for how bloody... but as you said, *IF* LOD fails.
I don`t subscribe to Gap Theory .. as all gaps are not filled.. but we have one down around 17-20.... this would be the time to back fill it if need be!
ahh, Sun nite
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