We’re back at the January lows, which is reassuring the downtrending move we’ve been watching. We’re seeing sell signals across the board on multiple names, with the major indexes like the /ES not yet firing its weekly squeeze and the /NQ only 2 weeks into its squeezes. Typically we look for 5-8 weeks of momentum, so we still have the path of least resistance to the downside… Meaning our mentality is still to sell any potential bounces.
Stay Focused!