Good afternoon, traders.
Carrying forward my thoughts from yesterday, we’ll begin by taking a look at some structures we can see on some indices, and why it’s crucial for bears to make a big showing from here if they want this to turn into something more bearish.
On the NDX, we can see this:
This right now is what I favor for the time being. I could be wrong, and many other things can happen from here.
I hope everyone has a fine evening.