Saturday, July 13, 2024

ES Morning Update July 10th 2024

More chop yesterday, but today we have the CPI and the FOMC, so there should be some volatility today. I really don't have much to add, as again, we are in the summer doldrums with light volume, which favors the upside.

A short term pullback is near but I don't know the exact day. It could last only 2-3 days or drag out for a week plus, but the final high is not in yet. After the pullback I'll start looking for the 6082 FET in the coming weeks to months. For today I'd just be prepared to see some kind of movement in both direction with an overall bearish lean into next week.

Have a blessed day.

Red
Author: Red

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