All indexes lost the 18ma yesterday on that dramatic reversal - bearish. On /ES the 18ma is sitting at 3680 and any test of that level is an objective short. We also lost the pitchfork fib support, so I must lean bearish until both the 18ma and the pitchfork fib support (3700 more or less) is retaken. I do think at this point we will go lower into next week. I'll...
Bull flag still intact for now
the Demand has been hit on the weekly chart, confirmed by the close upwards.
SPU seems at the end of a correction for a possible wave up. Possible shorting opportunities if it fails to break the previous top.
Long on break of triangle SL at 7.42 TP1 7.83 TP2 8.70