Dominant TF: Daily (also weekly to an extent)
Swings: UP-DN-DN
Market direction: congestion to mildly down.
60mins: congestion to mildly up. pivot level at 812.
Lower time frames indicate still some slight upward bias to 820, and RUT could also reach 828(stronger MM + Fib), but current pivot level (812) is still very much valid. MTFS is a little hesitant and Entropy is fading fast.
Daily: Congestion to down.
Contrary to lower time frames, the daily chart still points downward, and this is by far the dominant time frame. Caution must be exercised, until Fib and MM give us indication of support. Until then: trading range with a downward bias.
Weekly: mildly UP
Entropy is looking good, but MTFS indicates continuation of this situation of congestion with an upward bias.
