The modest bearish bias paid off early but could not be sustained. Today thinking we turn that behavior on its head and expect higher but may be prone to pullback after an initial rise, perhaps late in the day.
Yesterday started out on the outlined path but reversed hard midday. Now what? Keeping a mildly bearish stance since we have had four consecutive lower highs in the e-mini S&P 500. Monday is a holiday in the US thus suspect trading activity thins out quickly today as people start a three day weekend early.