ES1! E-Mini 2/3 Morning Update
Most of the heavily weighted earnings for this week is behind us, markets rally yesterday is starting to see some cool off this morning, as seen by the consolidation/accumulation area we're in. This could be either because of anticipation for the economic news later this week, or buyers of been exhausted from yesterday's rally. Mainly bearish today. Starting to see some bearish indication from weakness in price movement, volume, and indicators.
Short
Lower price level marked, with a target on yesterdays low areas
Long
break of last weeks high, following with a stop loss
Short
Lower price level marked, with a target on yesterdays low areas
Long
break of last weeks high, following with a stop loss
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