Rebound running its course

Monica Kingsley Monicakingsley

S&P 500 bounced as called yesterday, and brought almost 70 ES pts gained to Trading / Stock Signals clients. While the daily breadth and sectoral view were less than lackluster at the opening bell, they improved sufficiently enough to result in an 80 ES pts swing. 4Hr chart is starting to form a distinct pattern – can it be a bottoming one, this early in the correction – or prices have lower to go still?

Author

Monica Kingsley

Monicakingsley

Monica Kingsley is a trader and financial analyst serving countless investors and traders since Feb 2020.

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