ES stopped at its bull trendline

2022年12月6日

Look where it stopped, loosing 3985 will be very bearish going into tomorrow.

Im looking for a long trade, ideally we make a higher low tonight.

The pathway for tomorrow can be a gap up and then sell into Wednesday or Thursday

Very important to watch that trendline holing and if broken, there will be a perfect short setup when it retests that trendline from the bottom.
If it wont re-test the thredline from the bottom (again if broken down), then it will be very bearish!

Im thinking we will see The whole Powell speech erased, support is at 3940-50ES for the whole move down.
Lets see if the price can get there tomorrow, it will be a good long entry for a 40-50 points move up

Also I have a great confidence that the whole CPI move will be erased at some point, will it be end of this year or Jan, I dont know at this moment.

15th is the Panic Cycle Day, also 1 day before OPEX.
Best scenario is we bottom after CPI and rally into Last week of Dec

As of now, I see a trading cycle turn bearish, so short the rips will be the game for me.