November 29th Chart & Trade Plan
Major squeeze on the open tonight for futures on “news| the vaccine may provide coverage for Omicron variant. As usual though, its the price that really matters, and ES bounced exactly off that 4580 support level that I had been highlighting all last week as major support. So far, futures are up around 50 points and have clipped my 1st upside target of 4635. Is it a deadcat bounce? (Chart and analysis below)