ES bull/bear scenarios

ES bull/bear scenarios

Bull scenario it stays in the purple channel, bear scenario it stays in the blue channel. Either way indications are a down day tomorrow.

ES MFI is now dropping, FDAX looks bearish .

Bought a few XLF puts for kicks and giggles, looks like financials filled the Fed gap and is dropping again. Higher interest rates means no refi and mortgage initiations are down. A lot of stocks either filled the gap and reversed or hit the gap and reversed (gap resistance).

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