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AMPlifiedtrader
Dec 7, 2016 7:25 AM

ESZ 12/7/16 

E-mini S&P 500 Futures (Dec 2016)CME

Description

We saw the upside breakout of the pennant formation late afternoon Tuesday that should see some carry through into early Wednesday. The first Bear Zone should give some fight as it's the previous all time high level and a triple top. Triple tops rarely hold so if prices retreat I wouldn't be surprised if prices level off and make another charge through it making new all time highs. It's December so "All time high" will be a phrase used often. Santa might not be real, but the "Santa rally" is.
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