Hello Everyone,
Quick comments: After a 3 day bounce ending with DOJI candles yesterday, the market ran out of gas today and reversed sharply lower. Overnight ES held 4690/4700 support area and moved up to test its previous highs around 4640. It failed and thus a double top was formed and then sellers took control. The next text of 4700 was bound to fail and it surely did with selling accelerating. After a brief pause at the 50 day MA, ES continued lower into the next major support zone 4640-4650. Bulls need to rally here otherwise next support is down near 4600 and then onto new lows. Buckle Up.
Note: Several previous ideas on watchlist remain valid but simply have not yet triggered so continue to re-examine each night. Consider making a fresh top 10-12 setups each night and put on front page along with existing trades. My advice is to keep your total ideas to a manageable number. Lastly, it's best to wait at times for valid setups to form - sometimes less is more.
Please take a moment to look at the trade ideas.
