S&P 500 E-mini Futures
Short

Trends call for a small bounce but more downside expected

102
So I'm still sitting in the same trade, just waiting to see if things move downward past the 4000 level. I actually was watching the market when it was below 4010 and nearly decided to take profit at the moment and then evaluate again for another entry down. Unfortunate at this point I didn't but I do expect some more downside still.

The trends however are being violated pretty significantly so I could definitely see an upward move here to gather more steam to head lower. Probably wait and see what the open brings us.

Trends into today are;
Last Macro Trend Signal Spots
30m - 4032 Downtrend (1/30/2023) Lower Low
1Hr - 4052 Downtrend (1/30/2023) Higher Low
2Hr - 4039 Downtrend (1/30/2023) Higher Low
3Hr - 4033 Downtrend (1/30/2023) Higher Low
4Hr - 4020 Downtrend (1/31/2023) Higher Low
6Hr - 4045 Uptrend (1/23/2023) Higher High
12Hr - 3993 Uptrend (1/11/2023) Lower High
Daily - 4084 Uptrend (1/27/2023) Higher High
Weekly - 4366 Downtrend (2/14/2022) Higher Low

Looking to see if we have continued momentum down from yesterday.

Economic Data;
For today we do have CB Consumer Confidence Index at 10am EST.

Earnings;
Lots of earnings today. I'll be checking into a few of the BTOs here or there as things progress.

My sentiment going into today is;
Shorter Term - Neutral/slightly Bullish
Short Term - Neutral/Bearish
Medium Term - Bearish
Long Term - Neutral/Bearish

Trade safely and practice your risk management plan.

Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.