Фьючерсы на E-mini S&P 500
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Trends continuing to hold upward, but on shaky ground

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So we have fallen below the 30m downtrend/uptrending line. That puts the spotlight on if we have a 1hr downtrend next, or if we manage to resume above the 30m and see if the 30m can take us higher.

If you aren't interested in the video, here are the trends;
Last Macro Trend Signal Spots
30m - 3959 Downtrend (11/11/2022) Lower High
1Hr - 3882 Uptrend (11/10/2022) Higher High
2Hr - 3882 Uptrend (11/10/2022) Higher High
3Hr - 3912 Uptrend (11/10/2022) Higher High
4Hr - 3882 Uptrend (11/10/2022) Higher High
6Hr - 3935 Uptrend (11/10/2022) Higher High
12Hr - 3980 Uptrend (11/10/2022) Higher High
Daily - 3923 Uptrend (10/28/2022) Lower High
Weekly - 4366 Downtrend (2/14/2022) Higher Low

While it gives a more neutral stance going into today, I am seeing an overall bearish sentiment begin to develop into todays market, at least at this point before the open. A majority of short coverings and a gap open lower that hasn't made the way back to zero both seem to appear we could have more downside to today.

I am expecting us currently to run down and potentially hit the cluster of uptrending lines that is beneath us. While I don't have it drawn on this, the 3hr uptrend current is acting as a support uptrend line below us, if it continues I may bring it over from my trading chart to this one.

Earnings;
No major earnings today, but we do have some big ones this week.

Economic Data;
Consumer Inflation Expectations and even potentially the Dallas PCE. Not sure they will be major but those are what I'm watching. Also, Fed Brainard speaks today, the most Dovish voting member of the FOMC, so I'll be watching to see if that causes a brief rally.

My sentiment going into today;
Shorter Term - Neutral/Bearish
Short Term - Neutral/Bearish
Medium Term - Bullish
Long Term - Neutral/Bearish

Safe trading!

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