Good morning, everyone, and a happy new week to you. And, unlike last week, we get a full five days out of this one. This is one of those stretches of the year (from now until Thanksgiving) when we won’t be interrupted with any more holidays.

It’s pretty much “green on the screen” pre-open today, with the ES, NQ, and crude oil all up about half a percent or so. It wasn’t exactly a news-rich weekend, and the first couple of trading days this week are devoid of anything substantial on the schedule.

The ES, shown below, continues to march higher. The only point of concern for the bulls should be that modest failed right triangle I’ve drawn. And I emphasize “modest”. The supporting uptrend is quite clearly intact, and I think it’ll take another shock-events, maybe from the world of the China/US trade war, to rattle things up again. (more…)