SPY tacked on a respectable 1.28% at close yesterday as cherry on the best quarterly gain in decades.
In doing so it bumped up against the declining channel upper resistance line.
Usually first two days prior to July 4th have a bullish tone.
At present, however, ES futures are trading lower 18.5 handles.
Taking out the decline channel resistance line will negate the bearish tilt of the Squeeze Mom indicator.
In doing so it bumped up against the declining channel upper resistance line.
Usually first two days prior to July 4th have a bullish tone.
At present, however, ES futures are trading lower 18.5 handles.
Taking out the decline channel resistance line will negate the bearish tilt of the Squeeze Mom indicator.