We've been stuck in this sideways channel for 11-13 days, depending on how you want to count. Couple of not so favorable earnings reports after the bell Wednesday are putting pressure on the overnight futures, but I think that will all change by morning.
I'm looking for the ES to rally to 1770 or higher by tomorrow morning's cash session open. All because of TWTR. Should the futures reach 1770 before tomorrow's open, then $SPX will gap up and out of the price channel it's been in.
All IMHO, of course.
GL
I'm looking for the ES to rally to 1770 or higher by tomorrow morning's cash session open. All because of TWTR. Should the futures reach 1770 before tomorrow's open, then $SPX will gap up and out of the price channel it's been in.
All IMHO, of course.
GL