ES1! - Fifty Test of the 4H H&S - Opex
Support was found at the midway point as a bear flag has formed after the liquidation. A loss of the ..5 has the Golden Pocket below. Trying to predict Opex is challenging as the number of factors under the waterline on each stock is impossible to know, the balances and imbalances in Institutional positions will determine the moves, price action is the key today. The markets (NQ1!, RTY1!, ES1!) are finding resistance at the 2h MBB. MSFT with earnings Tuesday and the Fed with their turn mid-next week; sitting between a falling rock and a hard case of inflation.
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