ES Update 12/14

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FUtures gapped up Sunday, and all gaps need to fill but it looks to me like RSI wants to go overbought before this drops....

That way the algos can make their money on the pump and dump. Asians usually like to pump the market on Monday night, will look at stuff to short tomorrow. Flipped my NIO puts this morning, all cash.
Commento
I doubt the market does anything exciting the rest of the day, going to do other stuff
Commento
LOL, market can;t hold the gain. Another Monday vaccine pump and dump.
Commento
Foreign markets show no direction for tomorrow, and the gap appears to be weighing on futures. Remember, all futures gaps fill.... at least for US indices.

So if the market goes up this afternoon and tomorrow, I would expect a big drop later in the week. It might just fill the gap tomorrow... who knows. Crazy market.
Commento
Gap filled, indicators in the middle.... no direction indicated at all from here.
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ES, RTY, and YM filled the SUnday gap, but NQ hasn't yet...

EOD action does not indicate direction for the next day, but it does seem like the market is running out of dip buyers.
Chart PatternsESTechnical IndicatorsSPX (S&P 500 Index)

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