Financial market overview

U.S. CPI Diamond

2022.11.10 09:13

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Tim Knight

What a day, huh, gang? But today could be the biggie. I noticed a quite interesting diamond pattern formation on the intraday chart. Perhaps this bodes well for today.

ES Chart

If we actually get market weakness (and, I say again, if the goddamn bulls don’t reverse things like on October 13), there’s plenty of opportunity to fall.

ES 4-Hr Chart

I am coming in pretty heavy with 30 bearish positions, although I do have 10% cash waiting in the wings, just in case.

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