ES Morning Update March 12th 2020

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So much for the bounce is it's pretty clear now we aren't getting one. If you missed the drop there's no good bounces to get short at. Now we look for a bottom, which should be around 20,300 on the DOW and 2525 ES (2560 SPX) according to Oscar Carboni's OMNI system. I don't have much to add that hasn't been said in prior updates. The bounce I was rooting for from the meeting the banksters had at the White House yesterday didn't do anything to help the market. So, more downside is coming. Stay safe and remember that cash is a position.

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