Just a Shot Away
Greetings from the tarmac of the John Glenn International (!) Airport, as I await departure from Columbus back to my beloved Palo Alto. Today will be a shortened trading day, which is a little ironic, since my own availability is about to return to normal (although I have already dedicated my copious time to various home and Slope projects that await me).
As I am typing this, it is more than two hours until the opening bell, but it’s green across the screen. The ES continues to march higher above the breakout I’ve tinted below. The psychologically-satisfying level of 3,000 is just within reach on the S&P 500, although judging from the chart, we’re definitely starting to lose momentum. The explosive surge from a month ago has given way to more moderate, incremental lifts.
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