What’s been going on with the ES the past couple of days certainly seem exciting and dramatic when viewed very close……..
But the bigger picture shows that we’re just wiggling around what I think is a pretty important intermediate-term top (I’ve tinted the “big moves” below):
Not that I’m complaining. Hell, any red on the screen is a friend of mine. I’d really love to see the bulls finally let go of their grip on this market next week so we can start to enjoy some downside that isn’t measured in quarter-points. After all, our bullish friends have had their hands around the privates of this market ever since mid-November, for God’s sake.
