S+ P 500 Futures "gapped down" over 20 points to the downside,
tonight in Wednesday August 2,2023 trading
after the late afternoon indictment of former President Donald Trump,
in connection with the Jan.6,2020 Riot at the US Capital.
The fact that stock futures traders are taking the indictment seriously
in selling at tonights ES Open shows clearly that futures traders view
the charges against the former President as a "potential serious market risk"
Technical "Gap" Reversal Pattern, like the one shown above,
is often seen at the end of a prolonged price advance.
Caution Advised.
ES1 Last 4580.00
THE_UNWIND
WOODS OF CONNECTICUT
tonight in Wednesday August 2,2023 trading
after the late afternoon indictment of former President Donald Trump,
in connection with the Jan.6,2020 Riot at the US Capital.
The fact that stock futures traders are taking the indictment seriously
in selling at tonights ES Open shows clearly that futures traders view
the charges against the former President as a "potential serious market risk"
Technical "Gap" Reversal Pattern, like the one shown above,
is often seen at the end of a prolonged price advance.
Caution Advised.
ES1 Last 4580.00
THE_UNWIND
WOODS OF CONNECTICUT
Note
8/1/23 1130PMCorrection
News that the Credit Agency Fitch has downgraded the credit rating
of the United States is attributed to the reason that US stock index futures
"gapped" to the downside this evening.
My earlier post this evening should be corrected.
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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.