Now, to the charts. First, let’s step back and look at 4 hour bars on the ES, the S&P fucutures for a little perspective.
So it would appear we are either at the top to end all tops, or the breakout to end all breakouts. Are we clear on that?
So we’ll zoom in to 2 hour bars. Clearer.
And finally our usual 1 hour bars look. The overnight pullback is now at a defining moment at 4225. Definitely looks due for correction to around 4210 for starters.
But a look at the 30 minute bars says that if 4225 holds, look for an upside breakout and a lunar launch in New York this afternoon.
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