Yes the market has been ripping upside a ton and honestly a lot of my bearish ideas have been wrong. However I thought this was the realization of the night. Technically we are approaching this strong resistance trendline which has been respected 3 times so far. I think with the exuberant rally and with the extensions this shows that even with that the bearish trendline is still intact. If it breaks out all bets are off that it really is a lot stronger than I think. If I'm right we could be approaching a pretty nice area to look for bearish set ups via double tops, head and shoulders, lower highs at resistance etc... Look for confirmation with indicators and fundamentals.
MES1!
ES1!
SPY
SPX
MES1!
ES1!
SPY
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