/ES pre-market job report swoon down to 4015 support offers an objective level to reverse short to long for a bounce before the next leg down. Much bigger sell signal to come on a break below this primary uptrend line. 60m chart below.
ES 60m Dec 2nd
As per yesterday’s video, after the first /NQ short trade posted yesterday morning which played out for the expected quick ~1.5% gain, I stated we’d likely get another, even larger drop after the bounce yesterday. This is that drop & this is an objective area to cover that short: reversing from short to long here on the plunge down to the 11745 support for a quick bounce trade. 10m chart below.
NQ 10m Dec 2nd