Marching Forth To The Downside
Good Tuesday Morning, MPTraders! March 4, 2025-- Pre-Market Update: Today is March Fourth, or March Forth, and the markets are marching forth to the downside so far. ES again is pressing toward key multi-month support at 5795-5800, where the index will peer into a dark abyss that points to much lower corrective target windows shown on my attached Big Picture Daily Chart.
Only a sharp upside reversal from 5795-5800 or above that hurdles and sustains above 5885 (for starters) will provide an initial warning signal to the bears that the Feb-Mar 2025 downleg from 6166.50 to 5800 is exhausted... Last in ES is 5821.25 off of a pre-market low at 5816.50....