Here is an updated hourly chart showing regular hours trading in the March E-mini futures.
The market has stalled at the first support level I discused this morning, but volume is still relatively high. I think this means that we are about to see a rally to a lower top around 1288 and then a second break down to 1273 or so.
I remain confident that the market will reach the 1350 level by the end of April.
1 comment:
How can you have the ES going to 1350 and the bonds going to 107-108? this market sells off at the slightest hint of a yield increase. i think you need to rethink that. One will happen, but not both.
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