On the left we have the 2 hour candlestick chart for the /ES and on the right we have the 3 day candlestick for the /ES. As you can see we are still inside the bottom channel on the right chart. It is not until we break that trend line that we will see total mayhem and dumping off stock in the market. Until then lets remain neutral as we are oversold on support, but with the sentiment still bearish in the markets in my view.
