Today completed a week-long wedge top.
Day trading outlook for tomorrow’s Emini price action
Today again sold off from a new all-time high. It was a trading range day, but it is the 3rd push up after Monday’s gap up and therefore might be followed by 2 legs down.
Premarket price action analysis
See yesterday’s intraday market update report for today’s premarket analysis. Once there, scroll down to the heading, Day trading outlook for tomorrow’s Emini price action.
See the weekly update for a discussion of the weekly chart and for what to expect going into next week.