It’s quite clear that the “Bring Back The Year 2020!!!” crowd is in fine form today, as it desperately tries to keep bidding prices above the trendline. So far, they have succeeded. Here’s the /ES minute bar action:
I fear this could be a brutal, grueling, boring tug-of-war until something major happens, like Powell’s speech on Wednesday. It’s a good day for me so far, but what a grind!
