Emini futures scalp and swing trades

[Sendme]

Trend line break? Randy from Right Side of the Chart has always said not to get too excited when only 1 indices broke a trend line and all the others are still inside their patterns.

So when the SPX broke it's trend line a while back, I didn't get too excited.



Now we are looking at a potential Cypher/Shark pattern which is pretty much a pattern to take out a swing high by just a marginal amount and then it goes down to take out the swing lows at point B.



But what I was really getting at, is the fact that we are on the cusp of seeing all of the indices potentially break their bottom trend lines if we see profit taking after the big boys report earnings this week.

And most of the charts also have a gap right at the .382 fib level which would seem most likely minimum for a pullback.

We should also hear more about a stimulus deal before the Senate goes on a 2 week break on August 8th.

NDX



Rut is slightly back outside


XLF financials


Dow Jones closed just outside today.


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