ES Levels 9/28 - What the heck happened?
Technical factors (trendline and fib breakage along with head and shoulders pattern) combined with fundamentals (debt ceiling, consumer confidence report) kind of collided in a perfect storm to drop the markets today. I discuss the reasons why and where I found evidence of institutional buying today.
WSJ article referenced in the video: wsj.com/articles/yellen-says-treasury-could-exhaust-cash-reserves-by-oct-18-if-debt-limit-isnt-raised-11632835248?mod=hp_lead_pos2
WSJ article referenced in the video: wsj.com/articles/yellen-says-treasury-could-exhaust-cash-reserves-by-oct-18-if-debt-limit-isnt-raised-11632835248?mod=hp_lead_pos2
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Indicators and algorithms at tradersultimateedge.com
Trade automatically from TradingView with an algo at gettradeconnect.com
Trade automatically from TradingView with an algo at gettradeconnect.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.