Note while the bulk of my analysis is in yesterdays post (and unchanged) just thought I’d send out a quick chart update here. So far, this move is ripping through all resistances and this is a very good example of the power of classical technical patterns: ES Broke out yesterday from that 1.5 month bullish triangle at 4715-20 and move has been relentless since. Combining this with the 7 trading day “Santa Rally” period until next Tuesday creates a recipe for this sort of melt-up. 4785-90 target has been hit and price basing just a little above now. The question is when does it stop? Chart below
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