Hello Everyone,
No changes in prevailing trend (down) after the bulls early bounce attempt failed to take back prior highs. Several readings are now quite oversold with RSI 14 not quite yet to oversold. Rising yields (also propelling the US Dollar higher) continue to pressure risk assets. Continue to track along with the VIX as guides.
ES Support 4371/69 below 4362/55 with 4393 and 4403/07 4418/26 (additional levels posted in trading community)
Please take a moment to look at the trade ideas.
