Wednesday, July 9, 2025

ES Morning Update July 9th 2025

A whole lot of nothing yesterday. I have zero interest in going long and I'm just waiting to go short. I had a short on from last week but closed it out Monday at a breakeven as I didn't get the big gap down I was looking for. I'm still bearish and plan to re-short soon but there still should be one more move up.

I think it will be a "lower high" for the B wave I've talked about in yesterdays post, but I also am open to a slightly higher high. There's not much left in this market on the upside but it seems to be waiting on a reason to drop hard. It's close though... possibly today or Thursday? Nothing more to add as I covered in Tuesday post.

Have an blessed day.

Red
Author: Red

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