The ES fucutures are trying to form a bottom as of 5 AM in New York. Downtrend channels remain in force, but will be challenged at 3900. The battle will be fought and decided at that level.
I will be back later this morning with a live report from the battlefield.
Meanwhile, Liquidity Trader Presents for your listening and dining pleasure:
A Little Pullback with Big Implications
This Trend of Bank Deposits Should Scare the Hell Out of You
The Day of Reckoning Is Upon Us
This is a syndicated post, which originally appeared at Stool Pigeons Wire at Capitalstool.com. View original post.