The First Ceiling

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As violently as the market is going to be moving between now (Sunday afternoon) and the open tomorrow, this post isn’t going to age well – – but so be it. The ES dropped 5 points at the opening and, as of this moment, is already in the green. We could easily get a 25-30 point bump higher on the ES, because the drop on Friday was so swift. I’d say the first area of meaningful resistance is around where this tint is.