ES Reaction to the Weekly Unemployment Claims Data:

Although the Jobless Claims figure came in at 2.4 million, right in line with expectations, and in absolute terms, another eye-popping humanistic figure, the stock indices yawned in reaction, which tells us that the bulls are still in charge within the bullish digestion pattern that continues to develop off of Monday's high at 2976.25.

Unless ES pivots to the downside and breaks the overnight low at 2941.50, we the highest probability outcome is for one more thrust to the upside that propels ES above the near term Double Top at 2975/76 towards a target zone of 3000-3020... Last is 2963.00/25

5 21 ES 845 GIF
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