Charts I’m Watching: May 9, 2024

Since the channel breakout and push above the SMA50, ES has been playing defense.

continued for members

I see nothing in the charts that should prevent a continuation of the meltup.

VIX is poised to break down again.Currencies remain steady.

Oil/gas prices continue to be a potential wildcard with CPI coming out next week.

I’ll likely post again next Monday or Tuesday, depending on availability of an internet connection.

GLTA