Saturday, June 15, 2024

ES Morning Update January 27th, 2017


Volume today is extremely low, which is a clear sign that we've had NO exhaustion move up.  This is just consolidation and not some blow off top.  I do not see a short here.  Closing down today just sets up another push up next week.  Therefore I will not be shorting as I want to see some high volume exhaustion move up, and we don't have that today.  So, I'm doing nothing over the weekend and will wait to see what Monday gives us.

Author: Red

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