Santa’s Revenge

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Well, after peaking just a few days ago at the highest level in history (see arrow), the /ES futures fell – – GASP – – almost five whole percentage points. It bottomed early on Monday’s session and has been clawing it back ever since.

claus

The world expected and demanded a Santa Claus rally, and it came right through the chimney. The looming question, of course is – – will it take out that lifetime peak?