Sunday Homework

That was a pretty good news based selloff on Friday with a good recovery for the bulls. The daily ES and SPX have gotten back to almost overbought again on the stochastics. The bulls need to take 3421ish to really change things. I think the bears should be happy if they can hold price under 3400 next week. One diaper close by on the 5. See how it opens tonight. There is nothing really decisive going on for bulls or bears with these patterns.

ES Emini 5-minute chart

ES 12-20 (5 Min)  10_2_2020.jpg

ES Emini 4 hour chart

ES 12-20 (240 Min)  10_2_2020.jpg

ES Emini Daily Chart

ES 12-20 (Daily)  7_21_2020 - 10_2_2020.jpg

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