Is Resistance Futile?

Oil and gas have both now reached our upside targets. USDJPY is pressing up against the top of a falling channel. VIX is testing support that has been responsible for several declines over the past two months. Durable goods orders just came in well below expectations. What will it take to stop ES/SPX from pushing up through overhead resistance?If it can’t push through, the nearest strong support is well below current levels.

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