Not much changed today with the indices making minor new lows and ending the day with doji candles on their daily charts. All indices remain in downtrends with lower highs and lower lows. Yesterday I posted in the trading community that ES was likely to remain in a range (balancing) between 3980-4040 and that was the case today. SPX will need back above 4050 and the QQQ back above 299 to turn the tide, absent that expect the bears to remain in control. PCE price report on Friday likely to provide increased volatility.
Please take a moment to look at the trade ideas.