Sorry that I'm a little late this morning --- I do have a job in case you wonder.
ES went back and forth overnight which is not atypical these days. Asia sells, Europe buys, and then a little dip before US open to give the BTFD guys some action early on. So we had our opening surge after a little dippy and now we're headed back down and are flirting with VWAP once again.
Pattern looks like a falling wedge. Expect a bounce. Bears have to force a second leg down that breaks a LOD to get the momentum flowing downward. Until then, bulls are CLEARLY in control so don't fight the trend.
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