Charts I’m Watching: Aug 4, 2020

Aside from the higher highs which busted ES’ H&S Pattern yesterday, not much has changed. Congress and the Trump administration are still fiddling while America burns, failing to come up with a package that could keep millions of businesses and families from slipping into bankruptcy and foreclosure.

Futures are off about 15 points, driven primarily by weakness in oil and gas and another gap lower in the 10Y.

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