We've been stuck in this sideways channel for 11-13 days, depending on how you want to count. Couple of not so favorable earnings
reports after the bell Wednesday are putting pressure on the overnight futures
, but I think that will all change by morning.
I'm looking for the ES to rally to 1770 or higher by tomorrow morning's cash session open. All because of TWTR
. Should the futures
reach 1770 before tomorrow's open, then $SPX
will gap up and out of the price channel
it's been in.
All IMHO, of course.