Emini S&P comment - 1-3 day outlook

22 May 2020

The 2 hr chart systems are now pointing to the market clearly in the chop outlook. The TCF indicator indicates chop will occur 3-6 bars, likely when this short term uptrend ends this am. I am looking for small selling to hit after the open and then to have the market flatten and trade. Both Algos are now in "off mode" meaning the cycles tend to be lower volatility and extended. My 15min chart is also showing the chop outlook for traders can trade 30-40 min cycle this morning