As much fun as Tuesday was, and as cool as it would be for the market to go down every single day without interruption, we have to be cognizant of important areas of support. I’d like to point out the principal supporting trendline for the ES dating back all the way to the 2009 bottom.
Check out where we bottomed today. Spooky, huh? As I’m typing this on Tuesday evening, the ES and NQ are both up double digits.