ES Morning Update April 8th 2025
Crazy squeeze up yesterday morning that reversed within minutes. It came close to hit my falling white trendline but couldn’t hold and closed the day out in the middle between it and the low. This entire week could be filled with wild swings up and down, and next week we could see it calm down a little as again, it’s OPEX and the market tends to be bullish that week so that puts expire worthless. The week after OPEX is when the market should fall again, and it might last right into the end of the month (my May 2nd date roughly). Again, I don’t know if it’s going to make a lower low or higher low as we did hit the 483 FP on the SPY in the futures, so that’s finished as far as I’m concerned. But maybe the market wants to hit it again, but in regular hours… hence my thoughts from yesterdays post about a triple bottom as possible. I’m not doing anything right now and just waiting until next week as every time I’ve tried to go long I get chewed up, so I’m not even thinking about it until the end of this month.
Have a blessed day.
Source: http://reddragonleo.com/2025/04/08/es-morning-update-april-8th-2025/
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