|15 min ES- note the gap over cyan|
Well well well… the buyer within the final 5 minutes of Friday/2012 where115,xxx contracts exchanged hands really look good now that the ES_F is indicating a open +26 points or 1.83% @ 1446 with 1448.25 being the high.
Washington came to a resolve and the markets are continuing on their path of least resistance as discussed prior though this does not mean chase this means if you played this to the long side over the weekend you we rewarded handsomely and should take profits like a gentleman.
|1 min ES_F showing break of 1450 – 1446.75 immediate support|
Crude oil futures are not to be left out of the morning talk due to the fact they are up to 93.42 +1.41 points or 1.57%.
|5 min CL|
Also helping to fuel this technical trade is the break down in bond futures where the 30 year bond sits on 145’31 currently.
|15 min ZB notice the break down of support @ 146’23 from Friday.|
Apple stock is indicating a open over 545 with the 548 currently bid. With Apple bring up and bonds/DX breaking down you get a perfect technical storm.