Usual USDJPY-inspired ramp job on no news…
Placement of the latest SPX channel is open to interpretation. The bullish view…
UPDATE: 9:45 AM
Completed Bat Pattern on ES at 1863..close enough? We’ll see if the channel top can hold a third time.
UPDATE: 10:30 AM
Consumer confidence is up, but couldn’t break out. And, new housing sales (contracts) continue to slump. Cue the fizzle (news out of China about multiple bank runs won’t help.)
Sorry, this content is for members only.
Already a member? Login below…