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2018-12-06
ES #F Weakness - after hour trading show signs of sell-off


The above daily chart shows the comparative weakness of the ES compared to:

Lumber / Gold spread

SPY / XLU spread

Dollar Index

Gold

ZB (Bonds)

SPY / TLT spread

HYG / TLT spread

At the time of this writing the ES lost 34.00 –points in aftermarket trading.

On the chart below we see an unfilled gap to the downside left open from the 23rd of November 2018.

A good possibility exists that we will see the gap filled, and sell-off to at least 2629.50.

Caution:

Today President Trump will give a press conference for the first time since the G-20, which may have an impact on the markets (although it might only be temporarily).

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