ES Down Channel

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I mentioned it earlier this morning, but the red arrow I drew a couple of weeks ago also happened to be the down channel.

Futures broke out of the channel today, but my 3 hr chart shows MFI close to overbought, so could be a whipsaw day tomorrow.

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ملاحظة

CPI numbers next Thu, supposed to come in at 0.6% m/m which is lower than Fed target of 2%/year.

Right back to he pivot trade, lol. I'm def bullish next week.

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ملاحظة

I think I'll go long on a few more things tomorrow morning and add Monday as well. I'm bullish for next Thu

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ملاحظة

Not sure what I was thinking, lol. That's .6% m/m, not y/y.

I dunno, probably more whipsaw, Still bullish for PCAR earnings late rthis month.