ES Morning Update December 28th 2022


Nothing really to add today that hasn't been covered yesterday. The market isn't going up much or down much as various time frame chart fight each other it seems. Most of those are bearish of course but Seasonality is bullish, so it's a stalemate I guess.

If this was a football game I'd say the bulls and bears are just resting during half time this week and next week they go back out on the field at the 50 yard line. Bulls will have the ball start off the first few days in January but since the rest of the month is bearish it will be like the bulls only get one "down", not four. Short term I expect more chop the rest of this week. Here's a chart I did yesterday and posted it in the chartroom. It still applies. Have a blessed day.

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