Welcome back to the jungle! Equities are still dangling by a thread here and the short term chart shows us a binary entry opportunity on the spoos which I intend to throw 1/4R at (I’m still short as you recall).
I think the 2k mark on the E-Mini is our big line in the sand now. If you want to be short then you’ve got the 25-hour and a NLBL at 1996 just above you. If that’s breached and held then I think we’re sending the monks on yet another ride around the roller coaster.
By the way, watch out around 10:00am EST this morning as we’re getting the ISM numbers for January. Should be good for a little jolt or two.
I was able to dig up two more short term setups this morning but am keeping those for my intrepid subs:
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You have been briefed – now have fun but keep it frosty. See you guys later this afternoon.