BengalTigger

/ES; The levee did break!

Lång
CME_MINI:ES1!   S&P 500 E-mini terminer
Well, the much vaunted Brexit vote came and went and the levee did break! . Not a stir in the market. An ominous sign if you ask me. I think the market is on a mission and till accomplished nothing will derail it. We did get a push back on the first attempt in the 2607-2610 area. Now we are headed likely to the 2623-2630 level. Lets see what tomorrow brings. Above 2630 is the 2650 -53 area ( symm resistance) and then around 2675 and 2695 or thereabouts. For now, the bearish scenario is on the back burner. Unless 2577 is broken to the downside the chances of the market headed back to 2520 or 2480 are slim. Support for now is at he 2597 -99 area. I am cautiously bullish.

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