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2nd test of the previous low, key time. today is Sep 11, suppose to be up. Let's see.
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bears have chances this week. cup handle near break out workin on vix hourly. cannot see good bull rebound just yet , thursday inflation data day. 2880 level watch to short
Resting sell orders accumulating at ES 2881, 2881.75 and 2882 so if the bulls clear 2880 it looks like more slow going. So bears have a line in the sand at yesterday's close.
Short squeeze is over for now with the gap fill. Bears have failed to break Friday's low and you know the powers that be desperately want 3000 taken out.
Trades with cats wrote:Short squeeze is over for now with the gap fill. Bears have failed to break Friday's low and you know the powers that be desperately want 3000 taken out.
bears have chances... just not sure on day like today. vix is very ripe, 2770 goes, should see 2750 relatively soon.
Lots of ugly charts up today from the chattering class showing small business confidence and small caps. All time high in confidence is very bad for small caps.