Small pullback on Friday in equities, but if I have to guess, we're going back up on Monday. Few reasons to support this line of thought:
- We held 1580 on Friday, which also means Friday's low of 1575 in ES becomes key.
- Tax day is historically super bullish because people pour money into IRAs for tax deductions
- Largest POMO day of April ($4.75 - $5.75 billion)
Some charts -
TF, Friday's low is key, needs to hold for more upside.
ZB hourly has gotten pretty extended, might pullback here a little?
6A, if this current level holds, look higher, else look out below!
Havent looked at grains in a while, but this 666 level is key.
3 other markets I'm keeping an eye on this week - Cotton, Euro and Natural Gas. Will post their charts when they setup for trades.