Here comes the IKE Broken Drum
$ES_F Intra Day: 240minutes Bearish, 60minutes Bullish (Trade will be 60m BearRev for short) Vector Vest AD = .50 Bearish
Daily Trend Bear: The net trend should be sideways to down over the next few trading days
Weekly Trend Bear: A multi-week high should be at or near completion.
Conclusion: Sideways to down for the Day
15 Minutes $ES_F Chart
60 Minutes $ES_F Chart
King for the Day Wish – Would like to see $ES_F 60 minute chart reverse in area of resistance zones shown on 15 minute Chart above 🙂
In the News: Â Markets react to possible Fed decision
Pound tumbles on report of faster-than-expected Brexit
By The pound moved sharply lower on Friday afternoon after Bloomberg News reported that U.K. Prime Minister Theresa May is likely to invoke the Article 50 in early 2017. Triggering the article marks the start of formal negotiations with Brussels over the U.K.’s exit from the European Union and the decision cannot be revoked.
Trump Campaign Chairman Paul Manafort Resigns, Nominee Says
Republican presidential nominee Donald Trump said Friday he had accepted campaign chairman Paul Manafort’s resignation.
Today’s Economic Calendar
1:00 PM Baker-Hughes Rig Count
Trade Well and see you in the chat room
Thanks
-IKE
