Running late today so I’ll keep this short. We have an uptrend channel on the hourly ES S&P 500 24 hour fuguetures chart. As of 8 AM in NY, trend support is at 3990. As long as they hold above that, there’s a shot at a higher high than Friday’s. It would require clearing resistance at 4020. Then they could test Friday’s high of 4042.9. On the other hand bears would be back in charge if they drop below 3990.
Stay tuned for all the exciting action.
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