ES - Real action might be ahead
As a big fan of 3 Day charts, I projected that bulls have ceiling at 4760, but that now seems like a distant view.
last few days I was skeptical because of price was acting in the growth names. for transparency, I was long in AFRM, UPST from the lows, sold FRM at 41 and 47 and holding UPST at 106.5...will close for loss depending on how price acts tomorrow.
As for technical set up, only chance at upshot is hold of 4440, reclaim 4500 and build above. Tall order.
Bias should be below 4440, 4360, 4200, and 4000 (yes, that is more likely now)
Takeaway: the third or forth phase of the sell-off in the growth land is likely to be more volatile and more brutal. Don't be surprised if the darlings of the 2021 are chopped in half. I'll take it day to day, but hold my capital tight until strength returns. (it could be below or above)
