ES Daily Candle: Lower High, Lower Low, Higher Close: Yin-Yang Candle
Market Posture: Neutral-to-negative and Probing
Daily Swing Line: Higher (Higher High, Higher Low)
Daily Bias: Up (Settle Above 18-day SMA)
Today made a lower low day than yesterday, then struggled all day to try regain the high, but, as of the settlement still hadn't done it. All-in-all, prices have retraced about 62% from low to high. From what I can see, time has run out on a further minuet (b) wave upward, but downward acceleration is needed as better confirmation of the minuet (c) wave, downward, being in progress. Refer to yesterday's posted chart as needed. Might be good to watch the overnight futures tonight.
Today's downward move filled the last S&P500 cash gap, upward. It came close, but did not quite "fill" the futures gap - only tying the close of the close-to-open hourly gap.
Have a good start to the evening,