Another warning sign we had before this intraday move lower were these three bearish FV gaps in #ES_F, starting just after the open.
And an immediate push below the BGL confirmed a momentum shift.
All of this gave us a sense that sellers were becoming more aggressive this AM.
Downward momentum slowed a bit as we tested this pivot below and we can see on the subchart some signs of the momentum being extended. Nevertheless, the primary trend so far is down so caution remains warranted with longing here for anything other than scalps.
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