Like I said in the past post, as strong as the market is, this trendline on the /ES (presently up 120 points) merits attention:
Here’s the minute bar chart.
Normally, the FOMC event (which, due to the election, is being held Thursday instead of the traditional Wednesday) would have everyone’s utter attention, but not today. Still, keep a close eye on Powell tomorrow as well, since the market (collapsing bonds) is the total opposite of what he wants to see.
Walk the Line
