ES Morning Update October 10th 2018
Every day that goes by weakens the bulls bounce chances, and today might just be the last chance for a decent bounce from them. Why you ask? Because this sideways action is making a bear flag on the daily chart and just working off short term oversold conditions… which means another drop is setting up. The “when” part is tough to pin down exactly but it’s looking like it won’t be more then another day or so, like by the end of this week. So I must admit I’m a little shocked that the bulls didn’t rally this back up by now. It’s a sign of a change in trend from bullish to bearish… at least for the medium term (days to weeks).
So if today doesn’t produce the rally up into the 290′s on the SPY I’m going to close out my small long position and look for shorts again. This bull bounce is running out of time and the bears are waiting to pounce again. For the short term it’s looking like a gap down at the open is most likely, which means that if they repeat the pattern of the last several days they will rally back up later in the day. But again, if we just continue to chop in a range and don’t breakout to the upside today I’ll have to believe it’s not going to happen. Tic Toc, Tic Toc…
Source: http://reddragonleo.com/2018/10/10/es-morning-update-october-10th-2018/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).