ES in a Range today, with momentum to the down side.

4 thg 1, 2020

Friday ended with intra-day range price action; the RSI and MACD histogram showing momentum to the downside. The RSI had some small divergence over this week, and ended up with a value of 64.46. With this, there is a chance of getting through the lower level. We don't know, will have to watch. The key is that if it gets back down to that lower level, having the right entry decision rules will make all the difference. There is know magic crystal ball, : ).