Hello Everyone,
Keeping it simple - the weekend newsletter showed the predominant pattern that formed was an expanding triangle - it allowed for a small move up into the upper boundary (Monday) before reversing down which unfolded the past three sessions. Simple yet most effective. The SPX now rests on support of that pattern with the 50 day MA in close proximity. Therefore this is an inflection point going into tomorrow with the Monthly payroll report on the docket. AAPL beat tonight and is currently trading slightly higher - pretty much a nothing burger so all attention shifts to the payroll report tomorrow.
For tonight/tomorrow on ES, I will be monitoring 4060-4100 RANGE for a directional move.
Matt posted some precious metal miner charts today in the trading community so please have a look. UPDATE: Beautiful moves in those PM stocks Matt posted so hope some of you prospered.
Please take a moment to look at the trade ideas.
