The Big Picture: Jan 28, 2021

ES tagged our downside target yesterday, taking the opportunity to bag the 50 DMA in addition to the 1.272 Fib extension.  We should get a bounce here as the algos are all swinging into action. USDJPY has broken out as expected, CL/RB are inching higher, and VIX is getting smacked down.

However, the bounce might now last.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password