PalmaFutures
$ES_F Update 2
The pullback turned into a sharp sell-off & the market broke back below this week's line in the sand. Sellers regained control & the market fell directly into the daily Pivot area (OVN low), which is today's bearish trigger area. Classic pump & dump.
For now, this area was defended & the market rebounded to the opening level. It seems the market could enter a consolidation phase before deciding which direction it wants to go.
$SPX
$SPY
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