Welcome to the final five days of the first half of 2019. It’s a pretty quiet morning, in spite of the looming G20 meeting and the all-too-important China/US trade talks re-ignition. I was pleased to see that, following this G20, there isn’t one until late November 2020 (interestingly, after our own elections). These meetings are annoyingly loaded with suspense and excitement which really never amounts to anything.

Looking at the /ES over the past few days, we haven’t been trending strongly in either direction. On the contrary, we are sputtering toward the apex of a small triangle pattern, as the market is desperately seeking some new reason to make a move. As it is now, we remain more or less at 2950.