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This post might be irrelevant (or at least transformed) by the time you read this, but my point is a very simple one: the market is behaving extraordinarily well from a charting perspective, and the big key right this second is whether today, Thursday, we take out last Thursday’s highs. The duel is clear as can be:
The past few trading days have been a fight for control. The bulls have repeatedly ALMOST broken through resistance, but thus far they’ve failed, whether we’re talking about the /ES…..
I have been in angst all weekend about just how far the bounce will carry. Are we done? Will it go to 4100? More? How should I handle myself? I will say, the most comforting thing I’ve seen just revealed itself:
There was the headline, same as always: “Futures Reverse Overnight Losses”. To which the first comment, appropriately, was:
