$ES Bullish Interpretation

Of the two views posted yesterday, I at least slightly favor the bull count at this time. This is because of the huge, high volume hammer candle formed on $JNK yesterday (and, it’s been green so far today, while the S&P is red), and $OIL‘s lack of weakness today. If this count is correct, we should continue up for a while, perhaps something like this:

ES


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