ES is about to go negative on the Short-Term ROC Indicator, which means that over the next couple of Days/Weeks, we could see some bearish action on the ES.
Here’s the daily chart of the ES:
The Blue is the 10 Day ROC, and the Yellow is the 20 Day ROC.
Though the ROC is more of a momentum indicator, it’s accuracy at predicting changing market conditions and investor sentiment is Fu*king impeccable.
Keep an eye on this, as this could spiral out of control pretty fast.
Wall Street Fool
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