napatrader

Starting to form the turn

Short
CME_MINI:ES1!   Futures E-mini S&P 500
Thought today we were breaking the turn around pattern by moving up early in the day. Well that got changed around when the announcement of the failed GILD treatment came out. We are still holding the pattern as of now. It looks like we could see 2714-15 first, then 2640 to hit that 38% fib retracement. Wondering if we will bounce around that area for a while until something comes out to redirect us. 🤔
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