Good morning, the overnight & weekend Dow, S&P, and Nasdaq has:
1) hit the 50% pullback we spotted a few weeks ago.
2) It also (finally) is near, and in some cases met, the 50 month moving average….
3) Thirdly, price in the three indexes appears to have plopped into what my eyeball judges as a reasonable structural volume….
We’re at the three targets I saw and would imagine seeing some sideway as things get caught up.
Squinting - There appears small gaps in the weekly around December (post election rally) that might be a point revisited.
It’s Monday…..
ES
NQ
YM
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