ES1! Up or down tonight?
Positive divergence on my usual chart, market wants to bounce. However, the tariffs start at 12:01am, and the Chinese can retaliate.
Feels like it wants to go up, but futures are weak already. Down 5 pts already. I guess we'll find out tomorrow morning.
Feels like it wants to go up, but futures are weak already. Down 5 pts already. I guess we'll find out tomorrow morning.
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Ignore the labels, I forgot to delete them from last time. The downward wedge is still valid, and the market is in no man's land, neither overbought or oversold.
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Plot it on a shorter time frame and you can see that futures just broke the downward wedge. Up now, on tariff day. This is why I look at indicators, and not just news.
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LOL, even the futurez are whipsawing now (though in th green). Kinda guessing that's what it'll do tomorrow as well. No real news until the weekend.