Bears Are In Control Of The S&P ES1!

25 Eyl 2023

Bollinger Bands are opening on a daily, we're below the 5-day moving average , and we're not yet oversold on the RSI. 📉 Bears have control right now, and I don't see any reason for intra-day longs unless you're looking for a quick scalp. ⚡️ 4268.50 is now a possibility to test on the big picture 📈 as that is the low peak of the Bollinger Band from the sell-off back in August. No way for me to stay short on a swing basis because stops are too wide. Just an area to keep note of in case we see a capitulation type move.