Hello Everyone,
Quick Note: Following yesterday's massive selloff, today's session exhibited choppy corrective action on the SPX that formed a bear flag pattern with a fairly weak close. Unless the bulls can reclaim 3930s this pattern favors a break of the 3850s low with a textbook full measured move down to 3730s. ES first support below 3850s is 3810 with a clean upside break likely to find resistance near 3990-4000. The bullish view would be a morning star reversal pattern with a big green bar. Keep an open mind and remain flexible.
Please take a moment to look at the trade ideas.
