ES Morning Update March 28th 2023

Not much to add today that wasn’t covered in yesterdays long post. I thought it would be choppy an it was, first down and then back up into the close. I expect today to be similar but I’d lean slightly on the bullish side, which is just based on the short term technicals.

The sideways movement yesterday has made a bull flag and we see the MACD’s trying to hook back up on the 6hr chart. The RSI is trying to turn back up too, but does seem weak, so I don’t expect a lot on the upside, if it happens?

But again, I don’t see much downside either… at least not today. Maybe we get a pullback to the mid-3900′s tomorrow (ES), not sure? But if this week goes as I expect then the entire 5 days will just create a large bull flag that should breakout to the upside next week. We shall see. Have a blessed day.