If today's CPI number is good I think we'll open gap up in RTH and continue the rally towards all time highs. Maybe not until week end, but even...
Shouldn't dip much below 6016 now for a rally up to 6050 by the Close.
BTFD here. ES 6018.
Booyah! As foretold. :) Let's see what's available above 6030. I don't see why we won't print 6050 today.
Shorting right now is particularly stupid.
ES 6050 today if this gets legs above 6030. :)
ES 6030 today. :cool: Watching for continuation (or not) there.
Buy the rumor. Sell the news (or buy that one too). It's my observation that the market often likes to rally into an event - rather than rally...
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Long into CPI on Wednesday. Rally into week end if that number's good? We can easily see new all time highs on SPX this week.
The market appears to be breaking out higher after all...
The key, IMHO, is to see what's above 6009 now. Longs look comfortable now, but a failure above here can trigger a very nice short for a reversion...
Just my technical/statistical view based historical NFP weeks with a similar structure. Nothing fundamental behind my view. :) This is just...
No need to give it 10 points. Better scratch it for 5-7 points if this doesn't pull back now. Regardless, I bet upside is limited today in RTH.
5990. Kill it for 10 points if wrong.
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