4690-97. That’s the critical zone on the ES S&P futures that the bears need to hold, or else lose the plot. If they hold, then we get a pullback to around 4445 and we’ll see from there which way they want to go.
But if they break 4490, then we’d be looking at 4525 pretty quickly. There, bears will have another opportunity to make a last stand.
Of course, this is just for today. For the bigger picture see
Beware! The Market Has Followed My Script
If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.