Yes---looks very good. Lows have not been violated and there appears to be some upside momentum towards 3000
Bonds are strong again, approaching another 52 week high, with ES still very close to its all time high. The Fed must have it’s stimulus pedal floored. If so, I wonder why? Good for gold, but it is challenging to reconcile weak economic fundamentals with easy monetary policy with my trading decisions. The case for relying more, if not solely on technical considerations, of a sort anyway, seems to be bolstered in this trading environment. Perhaps fading new highs and buying modest corrections are the way to go. However, the Fed has yet to show that long term, recessions and concurrent epic market selloffs are preventable. The current economic expansion is one of the longest in this country’s history as it stands right now and is showing signs of fading.