The E-Mini S&P 500 spent most of the session at or near our CFRN Weekly Trade Zones of $1188.00 - $1189.00 and $1184.00 - $1185.00. The sprint into the close just missed our highest Weekly Zone at 1199/1200. With two trading days left in the week we won't rule anything out just yet. While rare, we reiterate our opinion that a break and hold outside of our Weekly Trading Zones would indeed be good news for the market in general. As my Dad used to say, "sometimes you just need to take it out on the highway and blow the smoke out of it". Giddy-up!
|S&P 500 Emini Futures / ES|
After the price action today a retracement would be in order. Any underlying support could be at the CFRN Weekly Trade Zones of $1188.00 - $1189.00 to $1184.00 - $1185.00.
Only those who dare to fail greatly, can ever achieve greatly.
Robert F Kennedy
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