A. After the huge dip recovery we see ES_F, holding 200MA on each dip.
B. We see the MA's converging and ES_F honouring the wedge real nice.
C. Markets trending sidelines and no real strength left.
D. Banking flushed after the news yesterday (fed-puts-restrictions-on-bank-dividends-after-test-finds-some-banks-could-be-stressed-in-pandemic)
E. Major segments taking an hit , one after the other.
F. Tech's holding the bullish trend.
What can we expect?
a. Break of 200MA and downtrend towards 61.8 (2939)
b. Consolidation at 290's levels.
c. Reclaim of 200MA before we see more flush.