Good morning, the overnight futures mini ramp is continuing to gently fade. We have of course earnings from Apple at the close, and the FOMC meets tomorrow. The rest of this week will be full of action, so strap in!
We might break just above the small bear flag - and 10MA, but I can't see it lasting for more than an hour or so. I am looking for a significant sell off as the day progresses.
The broader daily and weekly cycles are absolutely suggesting further losses this week are highly probable, and thus all rallies are to be shorted, or used as opportunities to exit existing long positions.
Good wishes for Tuesday trading