Volume is light and seemingly declining in the futures for the time being. Here is the ES futures 2-Hr chart. It is the best I can do. Can the up wave fail? It can. But it can go higher, as well.
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| ES Futures - 2 Hr - Correction Upward? |
There is lots of news out over Tuesday, Wednesday and Thursday including the CPI Report, the FOMC decision and the ECB Policy Decision just to name a few. Be careful, flexible and patient.
Have a good start to the evening and the week,
TraderJoe
Proposed 8HR ES count - https://ibb.co/Lg6RX8n
ReplyDeleteQuadruple w-x-y 's are too complex and not allowed under the rules. Futures posts of this type will simply be deleted until you can show the rules can be followed. TJ.
DeleteThanks TJ,
ReplyDeleteA lot of gap in es dec 22 and es march 23. Is it normal?
Vix broke out upwards.
ReplyDeleteYM looks like a burst out of a running triangle that started on 11/15.
ReplyDeleteA new post is started for the next day.
ReplyDeleteTJ
If daily ES-mini takes out 3914, it negates the uptrend with Ira's swingline study, I believe.
ReplyDelete