V4:W3_ESM18_S&P 500_Sell into strength_Short the highs_TRUMP!
ES daily is still DOWN! 50 EMA is above 17 and RSI is below 50 indicating downward momentum.
However, even through all the tariff talk ES will not break below or even close in extremely bearish territory.
So for now, expect more of the same. As the weight of the tariff worries are lifted off ES, we may begin to recover and trade higher. But knowing the ES is caught in certified downward momentum indicated by the 50 and 17 EMAs and RSI below 50, expect to strategically short strength in the week ahead. Long trades okay. LONG TRADES HELD OVERNIGHT ABSOLUTLY NOT!!!
This week I am going to be updating this post every day and pointing out any trades that I spotted.
However, even through all the tariff talk ES will not break below or even close in extremely bearish territory.
So for now, expect more of the same. As the weight of the tariff worries are lifted off ES, we may begin to recover and trade higher. But knowing the ES is caught in certified downward momentum indicated by the 50 and 17 EMAs and RSI below 50, expect to strategically short strength in the week ahead. Long trades okay. LONG TRADES HELD OVERNIGHT ABSOLUTLY NOT!!!
This week I am going to be updating this post every day and pointing out any trades that I spotted.
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