ES rising wedge hourly bearish
Aggiornato
Even with stim pass, the algos aren't able to get past this wedge. Lot of bulls are going to be trapped up here.
Although we did break out of this desc. broadening wedge on the daily, so any shorts here gotta be tight stop lossed. I'm shorting from 3909 myself.
Although we did break out of this desc. broadening wedge on the daily, so any shorts here gotta be tight stop lossed. I'm shorting from 3909 myself.
Commento
Having a look at the volume profile, notice how the volume point of control nodes have all been in the upper percentile of the day's range for the past 3 days?Seems like distribution to me and bulls are buying bags up in here.
Commento
Bulls absorbed everything at 3900, very important level for them. They came back in today between 3920-3930 to absorb that selling as well. Extreme exhuberance as the 10 year is breaking down again.Commento
Here's the 10 year, about to break. 
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