The ES S&P fugutures may have set a 5 day cycle low in the wee hours this morning. They look poised to move higher here again after making yet another higher low. Pullbacks just ain’t what they used to be. Right?
Bears would need to take out 4675 to have hope of a reprieve, but there are multiple sport lines down to 4666, bwahahahaha, that would also need to be taken out.
Fat chance.
Meanwhile, the challenge on the upside would be to break through 4702. Then we’d look for a retest of the highs.
For more on the big picture and elsewhere:
Benefit of the Doubt to the Upside Until Proven Otherwise
The Fed Pulls The Plug, Macro Liquidity Cruiser Starts Its Turn
Buys and Sells in Balance in Swing Trade Screens
