Next Stop to the Downside
Of course a passed Brexit deal could mean a little strength on the Sunday open but reports that PM Johnson has the votes was known before the close, so where is the next step to the downside?
Of course a passed Brexit deal could mean a little strength on the Sunday open but reports that PM Johnson has the votes was known before the close, so where is the next step to the downside?
We’ve waited patiently for that upper, overbought edge in the ES and NQ, and the market seems to be respecting this as the bears owned the day. Not overwhelmingly but enough to confirm resistance.
This is the trade we wait all month for…
Patience paid off the last time we waited for the trigger in the overbought zones of the YM, NQ, and ES. Here are zones and V-Score readings I am focused on for the next shorting opportunity. Remember this will be the 2nd time we’re shorting these levels!
After a large inventory buildup reported by the EIA, echoing the private data also showing a buildup by the API… what did crude do? It rallied. And this is exactly what short sellers needed for a trigger.