I like that we got out of the bull pennant (orange structure) on $ES and backtested it today. I see nothing to worry about at the moment. crypto looks strong, breadth is good, the Russell closing up near this neckline is good. Would be a great night to push past this down trend line overhead resistance and give us a gap up for a 3rd wave (of some degree) here.
Yeah, seems like 4530 a big line in the sand. And we clearly rip if we break it. I just dont know if that happens pre CPI. (Ie. Tmw). Get the sense mkt wouldnt rip in front of that but who knows in here.