ES Weekend Update 1-21-23
Comments: bull, or bear? In the near term, the market seems very positive wanting higher prices ( 4100, 4242? ) . But the macroeconomic picture is still very negative. Somehow , this has to be reconciled. i believe the bear market low is likely in, but its hard to imagine new all time highs untill the macroeconomic picture (Ukraine, inflation, recession, etc) improves. Just a guess here , but normally i would say this is a recipe for a huge mish mash basically going sideways while the market waits for more time. We will have to see if this works out .