This month we are likely to close under or around the 20 bar (weekly) sma.
Last month ended with the ES trading in an 11 point downwardly sloped (-1.6 point/day) channel (5-6 days).
This month end; we have the ES trading in an +-16 point downwardly sloped (-4.1 point/day) channel (6-7 days).
It probably is not a good idea to hold any longs over the weekend. (unless we break today's high).
jjc
Good point thanks for sharing your work
Yes,
Simply
Have a nice weekend ALL
Hmm we'll see next week,...I know your good but ... none of us are perfect.
We may both even be right with me being right first,.. or visa versa.
You have a nice weekend too.