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The chart pattern looks like missing a revisit of the Friday's low but you know for bulls, miracle always happens so let's wait and see.
Gap up above the Friday's high so likely it's a trend day either up or down.
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ES 60 minutes. Lots of pressure down. The bulls might be outnumbered, until they call in reinforcements. But, as we know, they are resilient, with deep pockets.
Charts posted are not recommendations. They are just a sharing of information.
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Breakdown here with good looking bear bar in the next couple of bars it could be a downtrend day or at least to fill the gap. My guess is a rebound here, it's just a range day.
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sold everything. 100% cash. Have to believe this is a major correction due to omicron. it doesn't matter what the science is, the current administration has clearly signaled since it took office that it will take maximum precautions against the virus. so i expect shutdowns.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
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Testing day high, seems to me breakout is a little more likely but whether it'll hold will have to wait and see.
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