ESH 2/21/18

21 feb 2018

32 Bear zone yesterday saw itself penetrated to the upside but was then quickly penetrated back below which is very bearish and gave us all +25 points (and maybe more). Fed minutes today should be less relevant than usual as it comes from Janet's last and final meeting. We don't care about her anymore, there's a new Boss in town. So far, ES is nervous about HIM. Volatility has subsided a bit from what we saw from the beginning of the month but still seeing decent moves. 2625-2755 is the current wave to work off of per Market Profile. Bulls looking for dips to scoop.