Observations: Nice to see bounce today and the QQQs +1.2% led but the indices did not take back their short term MAs (5 & 20d) so for now, it makes sense to be skeptical /defensive regarding bounces until the trend is more sound. $ES_F - S&P Futures
Market Observations & Charts 12-08-22
Market Observations & Charts 12-08-22
Market Observations & Charts 12-08-22
Observations: Nice to see bounce today and the QQQs +1.2% led but the indices did not take back their short term MAs (5 & 20d) so for now, it makes sense to be skeptical /defensive regarding bounces until the trend is more sound. $ES_F - S&P Futures