SPX/ES Technical Pullback
Triple range expansion
Approximately 440 ticks
Just completed another range expansion
Expecting to hit lower T1/T2 this week
ES/NQ has entered a hidden channel similar to the 2018/2019 market correction rally. We are at the top of the channel, expecting a technical pullback.
Alternative scenario would be range expansion higher to T2 - 3538
Looking to short on Futures open today, a gap up would confirm a near term bearish bias
Will turn bullish around 2975 pivot
Approximately 440 ticks
Just completed another range expansion
Expecting to hit lower T1/T2 this week
ES/NQ has entered a hidden channel similar to the 2018/2019 market correction rally. We are at the top of the channel, expecting a technical pullback.
Alternative scenario would be range expansion higher to T2 - 3538
Looking to short on Futures open today, a gap up would confirm a near term bearish bias
Will turn bullish around 2975 pivot
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