Walking the Line

ES and SPX had no trouble finding our downside target yesterday, the neckline of a large H&S Pattern.  They even had help from, of all people, two FedPrez’s who insist we’re not taking a June rate hike seriously enough (we’ll believe it when we see it, gentlemen.)2016-05-19 ES 5 0620ES is trying to bounce higher, but CL and USDJPY haven’t been much help overnight.

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