ES - S&P 500 rebound finish?
Updated
After the P5 Low, we have a super nice count to the upside. Now we may have to face that the little party is over.
Potential P5 is in and if it's true, we go down at least the the U-MLH.
An opposite view is, that price will advance to the upside even more. If that's the case the potential to reach the second Warning-Line WL2 is baked in.
The Stochastics faster is already in a overbought territory. Further down moves and increasing Volume would confirm the first coffee-ground reading.
Let's observe.
Potential P5 is in and if it's true, we go down at least the the U-MLH.
An opposite view is, that price will advance to the upside even more. If that's the case the potential to reach the second Warning-Line WL2 is baked in.
The Stochastics faster is already in a overbought territory. Further down moves and increasing Volume would confirm the first coffee-ground reading.
Let's observe.
Note
Signs of weakness by the rejections at the Warning-Line1Trade closed manually
So the cooked CPI numbers did what they where to expect to do.That's why we can't rely on "feelings" in trading. There will be always times, where your idea get slaughtered by whatever.
1 Trade, 1 StopLoss. Nothing more, nothing less.
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