ES February Pattern: Rolling Top or Bear Trap?
ES heading into the final hour of trading pressed down to an intraday low at 2700.50, which is 20 points off of this AM's high at 2721.50. Will today's last hour be a repeat of Friday's relentless rally followed by a final 20 minute jam-job? Or, or in the absence of bullish (easy money) Fed Speak (similar to last Friday afternoon's comments by SF Fed Head Daly), will ES head lower towards a break of 2700, where it will be nearing completion of the two week topping pattern? Last is 2706.75