U.S. FEB. CONSUMER CONFIDENCE INDEX RISES TO 70.8 FROM 61.5
You can see the inverse H&S develop pre CC # with the head being down under 1365. Overnight high is 1373.75, could be tested easily if momentum continues as over 60k ES contracts traded up into 1371.50. Thus far the consumer confidence print has been faded ES is still unchanged.
The nasdaq is much stronger than the ES with apple leading the way. Thus if apple turns around, the whole market will unless.. amzn goog msft decide to bid up apple’s slack.
1 min ES post Consumer confidence – whole move faded thus far