Mostly great news so far today.
Quote of the Day:
You are not what you own.
–Fugazi, American rock band
Featured Breadth Chart of the Day:
Price action looking stronger and our Zweig actually improving here. We talked about buying the open yesterday and that was a good call. The Zweig needs to show a bit of meekness and weakness. That may not happen if the markets can run today.
Comments and Levels for the Front ES (S&P500 – Emini futures) contract:
The bull bought that 1675 area and hard. We ran through our upper level yesterday back to 1694 and and our ATR has turned to a more bullish value. So 1694 is the test area now, we still have a lower high and this should be the area it gets established, between here and 1697. If the bear trenders are correct, we will see another failure in there with a target down to the 1672 area.
On the MiM:
I was not here yesterday, but I did watch the MiM on my Android phone and it worked great! So don’t forget that we are mobile-friendly with the site. If you have issues, let me know: email@example.com.
The MiM showed a growing imbalance into that 3:20pm ET time frame and it looks like you might have been able to squeeze out 2 if your feel was good. It wasn’t big size, but both symbol count and dollar size were in alignment.
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