Hello Everyone,
Yesterday, the SPX/QQQ came down towards their rising 20 day MAs and their respective demand zones and we saw a responsive move overnight with China and Crude Oil moving lower overnight. The overall context remains unchanged with the market remaining in a range (energy is building ahead of new later this week). Today, we saw some inflow in big tech (XLK/XLC) with profit taking in energy/metals. However, the middle east remains a fluid situation (unknown).
ES levels posted on trading community.
Please take a moment to look at the trade ideas.