Hello Everyone,
Yesterday the major indexes showed a strong move lower into the early afternoon followed by a tepid bounce that formed bear flags. For the SPX today began with a gap down into its demand zone and then spent the rest of the session grinding upward but unable to take out a previous high leaving a question mark into tomorrow. QQQ also gapped lower on the open but did not quite reach it's demand zone before grinding higher the rest of the day (also unable to reclaim a previous high). Thus the onus remains on the bulls heading into tomorrow.
ES initial support below 4448 and 4440 with resistance at 4460 and 4473
Please take a moment to look at the trade ideas.
