Good Lord. No matter what, this market can’t seem to hold down to a breakdown for more than a few minutes, tops. Here we see the /ES slip below recently consolidation. Out of the blue, it shakes it off and rockets higher.
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Fumbling Toward Independence
Good morning, Slopers and Slopettes, Let’s take a look at some updated daily index charts, shall we?
We begin with the All World Index. The “face-off” is still unresolved, but the bulls still have the upper hoof. The green tinted area is the bullish base, and even during last weeks’ modest sell-off, we did not pierce this zone. In order for the bears to have a prayer, prices need to sink back into that green price zone.
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