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Yesterday I felt very confident about the support area. Today I am not sure where we crude is. I see what id did overnight, I see that the ES broke above it's 618 retracement thgouth the overnight session... But the struture to base a trade on for me is a little less obvious right now.
Crude could be in a major wave continuation with this minor section having key retracements at 106.09 and 105.42.
Meanwhile, crude is coming out of a local double bottom off key support, and so shorting does not feel righ today yet, despite the fact that crude has made a 6 range reversal to the downside.
And, to complicate my opinion, the ES has reversed around the 618 area, with a local and a global double top standing proudly overhead. If ES can't breach 1370 is it bearish in my view.