Big picture ES, the market has been killed, a 300 point drop followed by a 50% retrace to drop 130 more points, all in 5.5 weeks. now a bounce of major support and a 50% retrace to 1870 would not be crazy.
I personally can not get short after thing got very cheap even being a pera bear I could not do it, One should look to buy cheap and sell expensive.
So let see if the bounce can get to 50% and if it goes to 62% then we see if down side continues. I watch 50% and 61.8% as reject-able points and if the market break 61.8% then i will lean on a 100$ retrace.
I personally can not get short after thing got very cheap even being a pera bear I could not do it, One should look to buy cheap and sell expensive.
So let see if the bounce can get to 50% and if it goes to 62% then we see if down side continues. I watch 50% and 61.8% as reject-able points and if the market break 61.8% then i will lean on a 100$ retrace.