ES Headed for 1216

ES Headed for 1216

I was able to tell that the market would pull back yesterday based on weak breadth (much less than 10:1). I will be checking the breadth at the open again but I believe yesterday's move was clearly a shakeout and that ES will hit 1197 and possibly higher today.

The current up move from the september low resembles the up move from the February low to the April top. There are no signs of the market pulling back, keep dip buying until we get to 1216.

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