If Sellers Show Up Soon, Here is How We May Count $ES

My thought regarding $BTC from last night remains intact, and continues to look good. I tend to think of it as a liquidity sink. It continues to look ripe for another leg down:

BTC

If we get a liquidity sink, it’s feasible for the equity markets to move in concert with that. If that happens, and sellers show up, $ES does continue to look good as a “correction up.” Despite that, it is looking stronger than I would like pre-market here and the manufacturing data came in stronger than expected.

ES


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