Look back on a gap and no go, bulls with government back, use overnight light volume to prop this market up to stay afloat. even we can trade higher in coming days I don't see it will sustain. with this look, I can not be overly bullish. I am still leaning bearish all and all.
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The closed will be very important. so far the push high from morning Hi is not holding if we closed under the morning high I would expect a lower trade. I preferred to see a close under ES 3088, but a closed under ES 3095 will be okay to hold a bearish view into tomorrow, Any thing higher indicates bulls are not ready to give in. Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:The closed will be very important. so far the push high from morning Hi is not holding if we closed under the morning high I would expect a lower trade. I preferred to see a close under ES 3088, but a closed under ES 3095 will be okay to hold a bearish view into tomorrow, Any thing higher indicates bulls are not ready to give in. Peace!
Not sure why but we tend to see initiative buying on Mondays.
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BullBear52x wrote:The closed will be very important. so far the push high from morning Hi is not holding if we closed under the morning high I would expect a lower trade. I preferred to see a close under ES 3088, but a closed under ES 3095 will be okay to hold a bearish view into tomorrow, Any thing higher indicates bulls are not ready to give in. Peace!
Not sure why but we tend to see initiative buying on Mondays.
positive Monday is good sign for the week, people are optimistic in nature, a good start is for most of the people are looking for on the Psychology side. first hour of the day, first day of the week, first day of the month etc,.....
My comments are for entertainment/educational purpose only. NOT a trade advice.