emehoke

S&P. Excessive personification, or not enough?

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CME_MINI:ESM2021   E-mini S&P 500 Futures (Jun 2021)
A lot of diddling near the all time highs. If it breaks out, obviously, that's a really bullish indication. If there is continued shyness at the top there might be a lot of points available to the downside as price retreats to area of higher volume. It knows for certain that it will be bought and sold efficiently at lower prices. I think the sharks among us may be willing to risk precious energy waiting around for just that type of move.
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