The Emini finally had a pullback on the daily chart. Yesterday was a trading range day.
The Emini finally had a pullback on the daily chart. Yesterday was a trading range day.

The pullback on the daily chart will probably only last a day or two before the bulls come back and push the market above Friday’s high. Once there, the bears will try to create a Low 4 sell setup for a TBTL pullback on the daily chart. Less likely, Friday’s high will be the end of the rally, and the Emini will trade down to the February low.

See the weekly update for a discussion of the price action on the weekly candlestick chart and for what to expect going into next week.

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