082624 S&P 500 Daily Assessment- upside bias is wick & close confirm.

good morning it's Monday August 26 24 2024 this is the S&P 500 E mini uh Futures contracts daily assessment we had a rundown uh and a a run of liquidity levels lower that have now uh returned and reached our daily uh liquidity level and broken through it we had some volatility uh that we expected here we thought this was going to be a turn down and we prematurely uh analyzed this as an upside uh uh upside bias and then the which was wrong because of its incorrect close the next day was a downside signal uh that engulfed two bars that was signaling to the downside which was then immediately reversed with a a two- bar reversal an engulfing bar now what we're looking for is a pullback that does not come deeper than the half point of this bar on Friday and a close above the 5 uh 6 65.2 to confirm the weekly bias that we have all the way up to 5721 the daily bias is up