Skating on thin Ice

6 באוג׳ 2020

Now , now no alarm bells as yet but caution is still warranted. As I write. ES almost, but not quite closed the gap from that fateful Feb break . Over the past week or so I have alluded to the fact that ES felt heavy and that I just did not feel the mojo. It felt like moving a ton of bricks. I still maintain that and it is possible that we may go up some more, but I am going to wait this out. Happy to be wrong with my capital intact.For now, , the 3210 area is the VST support . below that we have thin air till the 3290 area.Interesting that the last 6 RTH session have almost been mirror images of each other. 27 still remains an area that I would anticipate but it has to traverse 90/ 71, 54 before it gets there. Still 2 open gaps in the century mark and 65 area so bear that in mind. Potentially, if this is turning, I would be watching for some choppy days ahead before a break.