What’s the Magic?

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Good God, this is getting boring. Between lines of cocaine, Kudlow is slamming the BUY button on his desk any time the ES gets near 2626. Indeed, that was the PRECISE low in today’s trading, then, surprise surprise, we shoot higher. We seem to be trapped between 2626 and the Fibonacci retracement of 2635. I was hoping earnings season would get things rocking, but we still seem to be totally without direction.

Zzzzzzzzzzz……..