Pre Market Update
Let's see if cash can clear 1252 first at the open. As
posted yesterday, a target of 1266 is likely due to the reasons provided.
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| ES 15 min |
Need to keep an eye on this diagonal forming on ES. It certainly qualifies as a bearish pennant.
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| ES - 60 min |
However, when looking at the bigger picture, this bounce may be part of a complex wave d of a triangle or a leading diagonal wave a of d of the triangle.
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| DX |
The dollar's -ve MACD divergence is materializing, however the depth of the pullback should be monitored since it so far looks corrective.
